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Private Equity - Americas Headlines

Bayer cuts Covestro stake in open market transaction

FRANKFURT Bayer said on Tuesday it was reducing its stake in separately listed chemicals subsidiary Covestro in an accelerated bookbuilding process as it seeks to secure funding for the $66 billion takeover of seeds maker Monsanto .

SoftBank-backed OneWeb to merge with Intelsat

OneWeb Ltd, a U.S. satellite startup backed by Japan's SoftBank Group Corp, and debt-laden satellite operator Intelsat SA agreed to merge in a share-for-share deal on Tuesday.

Years-long dream of European exchange ended in half an hour

BRUSSELS/FRANKFURT After more than a year of negotiations, Deutsche Boerse got only 30 minutes notice on Sunday from the London Stock Exchange that their planned merger was effectively over, sources familiar with the talks told Reuters.

China's SF Holding jumps on strong profit, backdoor listing

SHANGHAI Shares of Chinese express delivery firm SF Holding shot up 10 percent on Tuesday, after it announced strong profit growth and completed a backdoor listing last week, ranking owner Wang Wei fourth among the country's richest individuals.

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Wilbur Ross sworn in as secretary of commerce

WASHINGTON Billionaire investor Wilbur Ross was sworn in as U.S. commerce secretary on Tuesday after helping shape Republican President Donald Trump's opposition to multilateral trade deals.