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Deals

BAT agrees to buy Reynolds for $49 billion

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LONDON British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc , creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion. | Video

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Exxon boosts Permian basin holding in deal worth up to $6.6 billion 3:14pm GMT

Exxon Mobil Corp said on Tuesday it would buy companies owned by the Bass family of Texas in a deal worth up to $6.6 billion that would boost it presence in the Permian Basin, one of the country's most cost-effective oil fields.

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Morgan Stanley inked deals with 10 digital partners in 2016: CEO 2:20pm GMT

NEW YORK Morgan Stanley's Chief Executive James Gorman said the bank's wealth management business finalized new alliances with 10 digital partners in 2016, during a call on Tuesday with analysts to discuss fourth-quarter earnings.

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Luxottica's Del Vecchio says listing in both Italy and France still an option: report 8:02am GMT

The group created by the merger of Italy's Luxottica and France's Essilor will consider a listing in both Italy and France, as well as the United States, Luxottica founder Leonardo del Vecchio was quoted as saying on Tuesday.

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Biogen to pay $1.25 billion in license fees to protect MS drug 2:11pm GMT

Biogen Inc said on Tuesday it would pay Forward Pharma A/S $1.25 billion in cash to license the Danish company's patents covering multiple sclerosis drugs including Biogen's flagship drug, Tecfidera.

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Carlyle to become largest shareholder in South Africa's Global Credit Ratings 8:22am GMT

LONDON Carlyle Group has agreed to become the largest shareholder in Johannesburg-based Global Credit Ratings (GCR), the U.S. buyout fund said on Tuesday, looking to broaden the pan-African ratings agency's services.

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Japan brewer Asahi says it is open to more M&A after Europe beer deals 10:59am GMT

TOKYO Asahi Group Holdings Ltd is open to the possibility of more acquisitions, its chief said, even after Japan's biggest beer maker sealed $10 billion worth of deals to buy European assets from Anheuser-Busch InBev SA NV last year.

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Syngenta sees no sale of ChemChina's Adama to get merger nod 1:55pm GMT

DAVOS, Switzerland Syngenta , the Swiss pesticides and seeds group being taken over by ChemChina [CNNCC.UL], does not expect antitrust regulators to force the Chinese state-owned company to put its subsidiary Adama up for sale, Syngenta's CEO said on Tuesday.

Elliott, private equity firm buy stakes in NRG Energy 2:32pm GMT

Activist investor Elliott Management and private equity firm Bluescape Energy Partners said they bought stakes in NRG Energy Inc and would team up to urge the power producer to make strategic changes to the company.

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Airlines Lufthansa and Etihad 'in merger talks': newspaper 1:17pm GMT

MILAN Germany's Lufthansa and Etihad Airways are in talks to possibly merge the two airlines, Italian newspaper Il Messaggero said in an unsourced report on Tuesday, boosting the German airline's share price.