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Akzo Nobel finds unwanted suitor PPG on its doorstep

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AMSTERDAM The chief executive of U.S. paint maker PPG won the backing of Akzo Nobel's largest shareholder on Thursday after flying to Amsterdam to press the Dutch company to open talks on a 22.7 billion euro ($24.5 billion) takeover.

Bridgepoint picks Solebury as Pret a Manger listing adviser: sources 12:17pm EDT

LONDON/NEW YORK Fast food chain Pret a Manger's private equity owners have chosen Solebury Capital to advise on a planned New York stock market listing, people close to the situation said.

Credit Suisse considers stock sale over Swiss IPO: sources 11:28am EDT

FRANKFURT/LONDON/ZURICH Credit Suisse is considering a quickfire share sale rather than pursuing a separate listing for its Swiss banking division, two sources close to the matter told Reuters, in a move that could raise 3 billion Swiss francs ($3.03 billion).

HNA raises Deutsche Bank stake to 4.76 percent 11:50am EDT

FRANKFURT Chinese conglomerate HNA Group has hiked its stake in Deutsche Bank , which is in the midst of an 8 billion euro ($8.62 billion) capital increase, to 4.76 percent from 3.04 percent, Germany's flagship lender said on Thursday.

Diamond group De Beers buys out retail partner LVMH 9:06am EDT

PARIS Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.

Saudi Aramco picks Samba Capital as local IPO adviser - sources 10:04am EDT

DUBAI Oil giant Saudi Aramco has selected Samba Capital as one of two banks to work as an adviser on its planned share sale in Riyadh, banking sources told Reuters on Thursday.

With Sears' future in doubt, vendors begin pulling back 12:57pm EDT

Suppliers to Sears Holdings Corp told Reuters they are doubling down on defensive measures, such as reducing shipments and asking for better payment terms, to protect against the risk of nonpayment as the company warned about its finances. | Video

Peabody's adversary creditors to appeal bankruptcy exit approval 2:30pm EDT

CHICAGO Rebel creditors of Peabody Energy Corp's reorganization plan have said they intend to appeal a bankruptcy judge's decision to allow the world's largest private sector coal producer to exit Chapter 11 protection.

Italy watchdog to decide on Vivendi stakebuilding in Mediaset by April: source 10:04am EDT

MILAN Italy's communications authority (AGCOM) will make a decision with regards to Vivendi's stakebuilding in Italian broadcaster Mediaset by the end of April, a source at the regulator told Reuters on Thursday.

Brazil scandal tests JBS, BRF push for overseas units IPOs 1:10am EDT

SAO PAULO Brazil's two largest food processors are striving to restore confidence in their quality controls as they pursue plans to list overseas units after a scandal over alleged bribery of health officials that triggered bans on Brazilian meat exports.

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