Sherwin-Williams wins U.S. antitrust approval to buy Valspar: FTC
WASHINGTON Paint-maker Sherwin-Williams has won U.S. antitrust approval to buy U.S. rival Valspar Corp , the Federal Trade Commission said on Friday.
LONDON British IT security company Sophos (SOPH.L) has agreed to buy malware protection company Invincea for $100 million to bolster its product line and give it a stronger presence in the U.S. government, healthcare and financial services sector.
Shares in Sophos rose 5.5 percent to a four-month high of 287 pence, topping the mid-cap index .FTMC, after the deal was announced on Wednesday.
Sophos chief executive Kris Hagerman said Invincea's machine learning-based threat detection technology would be rapidly integrated into its product line, representing a significant growth opportunity for the company.
The deal, which includes a $20 million earn-out in addition to the $100 million cash payment, came as Sophos reported a 16 percent rise in third-quarter billings to $164.1 million.
(Reporting by Paul Sandle, editing by James Davey)
MUNICH German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.
Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday.