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Deals

Cisco buys BroadSoft for $1.71 bln in software push

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Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing.

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AT&T extends deadline to close Time Warner deal 1:10pm BST

AT&T Inc said on Monday it had extended by a "short period" the deadline to close its proposed deal to acquire Time Warner Inc , to buy time to get the required regulatory approvals for the deal.

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Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss 8:11am BST

SINGAPORE Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter.

Insurer Hartford to buy Aetna's U.S. life, disability business for $1.45 billion 6:23pm BST

Hartford Financial Services Group Inc said on Monday it would buy health insurer Aetna Inc's U.S. group life and disability business for $1.45 billion cash in a move that will expand its insurance portfolio and spur its digital technology plans.

Lam Research CFO says done with major M&A 5:12pm BST

Last year's failed $10 billion bid for KLA-Tencor Corp likely marks the end of efforts at any major acquisitions by Lam Research Corp and other booming producers of equipment for chipmakers, Lam's chief financial officer has told Reuters.

Blackstone, KKR, others shortlisted for Link REIT's $2 billion Hong Kong assets: sources 12:24pm BST

HONG KONG/SHANGHAI Blackstone , KKR and some Chinese investors are among potential bidders shortlisted by Link Real Estate Investment Trust to buy some of its Hong Kong retail assets valued at about $2 billion, three sources said.

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Linde cuts threshold for $80 billion Praxair deal, prepares asset sales 2:08pm BST

FRANKFURT Industrial gases group Linde has cut the approval threshold and extended a deadline for accepting its $80 billion tie-up with Praxair , while pushing on with plans to get a green light from regulators.

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Engie in talks with Total as it reviews part of its LNG business 3:52pm BST

SINGAPORE/PARIS French gas utility Engie is in discussions with Total and other unnamed companies as it reviews parts of its liquefied natural gas (LNG) businesses, it said on Monday, raising the prospect of a possible sale.

Potlatch to buy rival Deltic Timber for stock, combine lumber capacity 12:59pm BST

U.S. forest products company Potlatch Corp confirmed on Monday it would buy smaller peer Deltic Timber Corp in an all-stock deal that will boost its lumber capacity.

Britain's Spire rejects 1.2 billion pound Mediclinic offer, shares soar 9:29am BST

Britain's Spire Healthcare has rejected a full takeover offer from South African private hospitals operator Mediclinic International , which already owns nearly 30 percent of its stock, sending its shares up 12 percent.