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Kraft walks away from 'friendly' bid for Unilever


NEW YORK U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc , the companies said on Sunday, raising questions about whether Kraft will turn its focus to another target.


SoftBank shares up; sources say company willing to cede control of Sprint 12:56am GMT

TOKYO Shares in SoftBank Group Corp rose nearly 3 percent in morning trade on Monday after a Reuters report that the Japanese company is prepared to cede control of Sprint Corp to T-Mobile US Inc to clinch a merger of the two U.S. wireless carriers.


Inbound China M&A takes flight on consumer promise 19 Feb 2017

HONG KONG Overseas acquisitions by Chinese buyers are cooling after two record years as Beijing reins in capital outflows, but deals into China are on the rise, and new rules will make it easier for foreign buyers to tap China's giant consumer potential.


PSA pledges to keep Opel's four German sites running: Bild am Sonntag 19 Feb 2017

FRANKFURT PSA Group has pledged to the German government to continue operating all four of Opel's German production sites as part of the French carmaker's planned takeover of General Motors' European arm, German Sunday paper Bild am Sonntag reported.


GM shares could climb 35 percent if it sells Opel: Barron's 2:39am GMT

General Motors Co shares could climb by as much as 35 percent if it succeeds in selling its European Opel brand and focuses on its healthier markets, Barron's said on Sunday.


Alibaba extends bricks-and mortar retail push with Bailian deal 5:50am GMT

SHANGHAI Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows.

Spark asks court to suspend Sky takeover of Vodafone NZ 12:06am GMT

WELLINGTON Telecommunications company Spark has asked a New Zealand court to rule a 36-hour pause must take place before Sky Network Television can buy Vodafone's New Zealand unit if the competition regulator approves the deal.


Sun Art Retail to open fewer stores, shares drop after Alibaba denial 5:29am GMT

Hong Kong Sun Art Retail Group Ltd on Monday said it will open fewer stores this year after it dismissed media reports that it was discussing a supermarket sale with Alibaba Group Holdings Ltd , sending its shares down 18 percent.


PSA chief executive to meet UK's May about Vauxhall takeover 18 Feb 2017

PARIS/LONDON The chief executive of Peugeot manufacturer PSA Group will meet British Prime Minister Theresa May to discuss his firm's planned acquisition of General Motors' Opel and Vauxhall operations, a government spokesman said on Saturday.


Exclusive: Kinder Morgan starts talks with investors for $5.2 billion Canada pipeline project - sources 17 Feb 2017

TORONTO/NEW YORK Kinder Morgan Inc has begun talks with institutional investors including major Canadian pension funds and private equity firms to raise capital for the C$6.8 billion ($5.2 billion) expansion of its Trans Mountain pipeline project, according to people familiar with the process.

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