Deals of the day-Mergers and acquisitions
June 27 The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday:
MADRID, March 16 Spanish homebuilder Neinor Homes will price a planned March stock market flotation at 16.46 euros per share, valuing the company at 1.3 billion euros, it said on Thursday.
Neinor will begin to receive offers on March 17 and books will close on March 27, with a listing planned for March 29, it said in a prospectus posted with the Spanish stock exchange regulator.
As part of the deal, Neinor will carry out a capital raising of about 100 million euros ($107 million) to be used to pay off corporate debt and fund land purchases. ($1 = 0.9339 euros) (Reporting By Sonya Dowsett; Editing by David Goodman)
WASHINGTON, June 27 The Federal Reserve on Tuesday fined Bank of New York Mellon $3 million for overstating its capital ratios after an error in how it measured the risks in a portfolio of assets.
WASHINGTON, June 27 Wall Street's top two U.S. regulators will urge Congress on Tuesday to approve budgets for fiscal 2018 that are at or above their current funding levels.