Canada allows Dow, Dupont merger after firms agree to sell assets
OTTAWA Canada's Competition Bureau said on Tuesday it would allow a planned merger between DuPont and Dow Chemical Co after both firms agreed to dispose of some assets.
WELLINGTON Olam International Ltd (OLAM.SI), the major shareholder in NZ Farming Systems Uruguay Ltd NZS.NZ, said it plans to make an offer for the rest of the company it does not already own.
Olam, a Singapore based commodities company, said on Wednesday it would offer NZ$0.75 a share for the 14 percent of NZS it does not already own.
That is a 7 percent premium to NZS's last traded price of NZ$0.70 posted last Thursday. Olam said it regarded the price as fair and full and it would not increase the offer.
New Zealand Farming Systems has been developing dairy farms in Uruguay.
Sprint Corp shares jumped as much as 6 percent on Tuesday on news the carrier is in talks with Charter Communications Inc and Comcast Corp about a wireless partnership, a move that added a new dimension to speculation about possible telecom sector tie-ups.