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.
MILAN Generali said on Monday it had agreed to sell its Swiss wealth management unit BSI to Brazil's BTG Pactual for 1.5 billion Swiss francs ($1.69 billion), thus completing its planned disposal of non-insurance assets.
The Italian insurer said the sale of BSI, which it had acquired before the global financial crisis, will generate a net loss of around 100 million euros but should boost by 9 percentage points the group's Solvency I ratio.
Under the terms of the deal, Generali will receive 1.2 billion Swiss francs in cash and the equivalent of 300 million euros in Banco BTG Pactual ordinary and preference shares.
(Reporting by Lisa Jucca, editing by Danilo Masoni)
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.