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.
NEW YORK Verizon Communications Inc (VZ.N) would increase its net debt by $2 billion to help finance its planned $1.4 billion purchase of Terremark Worldwide Inc TMRK.O.
Verizon, which is buying Terremark to expand its information technology services for corporate customers, said on Friday that the deal would give it a lift of $500 million from a revenue increase, expense saving opportunities and capital savings.
It said the deal would not change its earnings per share in the near term but would increase earnings over a longer time frame. It did not give specifics.
Verizon said the deal, which it expects to close in the first quarter, would not affect operating cash flow in the near term.
(Reporting by Sinead Carew; editing by Gerald E. McCormick)
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.