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Mergers & Acquisitions

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UPDATE 2-Safran rejects TCI Fund Management's criticism of Zodiac Aero bid

PARIS, Feb 23 France's Safran on Thursday rejected criticism by a UK hedge fund over a proposed $9 billion offer for Zodiac Aerospace and pledged to stand firm as a spat intensified over plans to create the world's third-largest aerospace supplier.

UPDATE 1-YPF, Shell sign deal for Vaca Muerta pilot project -YPF

BUENOS AIRES, Feb 23 Argentina's state-run oil company YPF SA said it reached a preliminary deal with Royal Dutch Shell PLC on Thursday to develop oil and gas assets in the Vaca Muerta shale field, involving a $300 million investment from Shell.

Regulatory News 12:25am GMT

REFILE-TCI says Safran is flying blind on Zodiac bid valuation

LONDON/PARIS, Feb 23 Hedge fund TCI Fund Management, locked in a war of words with Safran SA over the aerospace firm's proposed bid for Zodiac Aerospace SA , said on Thursday the company had no proof that its valuation of the deal made sense.

23 Feb 2017

REFILE-UPDATE 2-Advent makes bid in three-way tussle for Stada

FRANKFURT, Feb 23 Buyout firm Advent International raised the stakes in a battle for German generic drugs maker Stada Arzneimittel on Thursday with a 3.6 billion euro ($3.8 billion) takeover offer, giving management until Monday to respond.

UPDATE 4-Glencore ready for deals and dividends after profit boost

* Results ahead of consensus, shares up 2 pct (Writes through, adds shareholder comment, closing share price, related content link)

Company Outlooks, 23 Feb 2017

UPDATE 3-Barclays surprise capital boost triggers pension concerns

* Concerns pension treatment could eat into capital (Updates with reversal in share gains)

How Spain could deliver swift savings in Peugeot-Opel deal

VILLAVERDE, Spain, Feb 23 As the only European country where carmaker PSA's production overlaps with that of Opel, Spain could deliver the quick cost savings sought by PSA boss Carlos Tavares to convince investors to back his planned acquisition of the rival brand.

Regulatory News 23 Feb 2017

Report recommends Safaricom should be broken up - Business Daily

NAIROBI, Feb 23 A report commissioned by Kenya's telecoms regulator recommends breaking Safaricom up into separate telecoms and financial services businesses because the firm is too dominant, Kenya's Business Daily newspaper said on Thursday.

23 Feb 2017

UK minister to meet Peugeot CEO on Friday over takeover of GM's Vauxhall

LONDON, Feb 23 Britain's business minister Greg Clark will meet the chief executive of Peugeot on Friday as the French carmaker explores the takeover of General Motors' European division, known as Vauxhall in Britain and Opel on the continent.

Bonds, Regulatory News 23 Feb 2017

UPDATE 1-South Africa's Bidcorp can tap $1.2 billion for acquisitions

JOHANNESBURG, Feb 23 South Africa's Bid Corporation (Bidcorp) can tap as much as $1.2 billion for acquisitions, its finance chief said on Thursday, as the firm reported a 20.6 percent rise in half-year profit.

Company Outlooks, 23 Feb 2017

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