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.
FRANKFURT German construction group Hochtief (HOTG.DE) is expecting up to 170 million euros ($221 million) for the services division it is selling, a German magazine reported on Saturday.
Interest from a range of European companies has driven up the price, Wirtschaftswoche reported, citing an unnamed manager.
Finland's YIT (YTY1V.HE), Denmark's ISS ISSAS.CO, Vinci (SGEF.PA) and Cofely of France, Austrian group Strabag (STRV.VI) and German rival Bilfinger (GBFG.DE) were interested, the magazine said.
Hochtief, controlled by Spain's ACS (ACS.MC), said on Thursday it would sell its service businesses, which have more than 5,500 employees, as part of plans to focus on traditional construction activities.
Sources close to the company said Hochtief was expecting interest from numerous parties.
Hochtief declined to comment, while Vinci, Cofely parent GDF Suez GSZ.PA, and Strabag were not immediately available for comment.
Bilfinger declined to comment specifically on the report, with a spokesman saying only that Bilfinger has had for years a strategy to grow via acquisitions. ($1 = 0.7702 euros)
(Reporting by Matthias Inverardi, Gus Trompiz and Myria Mildenberger; writing by Victoria Bryan; editing by Ron Askew)
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.