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  • LONDON, Jan 18- ChemChina has agreed to buy a stake in Swiss energy trader Mercuria, the companies said on Monday, cementing its role as one of China's most acquisitive firms as its expands in new areas and as Beijing opens its oil markets for more imports. Mercuria has growth opportunities ahead in China and around the world, the chairman added.

  • HONG KONG/ LONDON, Jan 11- The biggest-ever Chinese acquisition of a German company was announced on Monday, with a consortium led by state-owned China National Chemical Corp buying industrial machinery maker KraussMaffei Group for about $1 billion. The ChemChina-led consortium, which also includes Guoxin International Investment Corp and private equity...

  • The potential buyer is hoping to clinch a deal with KraussMaffei's owner, Canada's Onex Corp, before the Chinese New Year in early February, the people said on Thursday. They added that the deal may still fall apart or that counterbids may surface that may appeal to Onex. Onex bought KraussMaffei from U.S. investor firm Madison Capital in 2012 in a 568 million-euro...

  • Pep Boys: Icahn offer trumps Bridgestone deal Tuesday, 29 Dec 2015 | 2:52 AM ET
    A Pep Boys auto parts store in Encinitas, California.

    Pep Boys said activist investor Carl Icahn's latest buyout offer was superior to the deal it accepted from Bridgestone.

  • Dec 22- U.S.-based LKQ Corp said it would buy Italy's Rhiag-Inter Auto Parts Italia SpA, owned by private equity firm Apax Partners LLP, to expand in the European auto spare parts market. The deal, valued at 1.04 billion euros on an enterprise basis, will give LKQ access to Italy, Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, Poland and...

  • MUMBAI/ TURIN, Dec 14- India's Mahindra group, with interests from tractors to IT outsourcing, has agreed to buy Italy's Pininfarina SpA in an all-cash deal valuing the Turin- based car designer at just a quarter of its closing price on Friday. In March for instance China National Chemical Corp agreed to buy into tire maker Pirelli& C SpA in a 7.3 billion euro deal.

  • MUMBAI, Dec 14- India's Mahindra group, with interests in cars and tractors, finance and IT outsourcing services, is to buy Italian car designer Pininfarina for about 33 million euros in an all-cash deal. In March, China National Chemical Corp agreed to buy into tire-maker Pirelli in a 7.3 billion euro deal. Mahindra will do the deal via a new unit in which automaker...

  • Dec 7- Carl Icahn offered to buy Pep Boys-Manny, Moe& Jack in a deal valuing the U.S. auto parts retailer at about $837 million, trumping Japanese tire maker Bridgestone Corp's offer of $810 million. Icahn Enterprises LP offered $15.50 per Pep Boys share in cash, a 1.2 percent discount to Friday's close, but higher than Bridgestone's offer of $15 per share, also in cash.

  • Dec 7- Carl Icahn's Icahn Enterprises LP offered to buy auto parts company Pep Boys- Manny, Moe& Jack in a deal valued at about $837 million. Japanese tire maker Bridgestone Corp said in October that it would buy Pep Boys for $835 million. "We believe our proposal is clearly superior to the $15.00 per share Bridgestone transaction," Icahn Enterprises' Chief Executive...

  • Dec 7- Carl Icahn's Icahn Enterprises LP offered to buy auto parts company Pep Boys- Manny, Moe& Jack in a deal valued at about $834 million. Japanese tire maker Bridgestone Corp said in October that it would buy Pep Boys for $835 million. "We believe our proposal is clearly superior to the $15.00 per share Bridgestone transaction," Icahn Enterprises' Chief Executive...

  • BOSTON, Dec 4- Billionaire investor Carl Icahn reported on Friday that he now owns 12.12 percent of auto parts company Pep Boys-Manny, Moe& Jack, which agreed to sell itself to Bridgestone in October, and said its retail automotive parts segment would be a perfect fit for rival Auto Plus. The move comes less than two months after Pep Boys agreed to sell itself to...

  • *Loss-making retailer to exit Russia. *Russia slowdown weighs on Finnish economy, companies. HELSINKI, Nov 27- Loss-making Finnish retailer Stockmann is pulling out of Russia by selling its seven department stores there to a local franchisee of Britain's Debenhams for 5 million euros, it said on Friday.

  • MILAN, Nov 9- European shares were little changed in mid-morning trade on Monday with losses among auto sector stocks led by Continental and Renault offset by gains among energy plays. Continental fell 4.5 percent as investors cashed in profits after the German tire maker revised up its full-year profit outlook following an 11 percent quarterly earnings...

  • *Michelin to modernise UK, Italian facilities. PARIS, Nov 3- French tyre company Michelin said it plans to close some European plants and boost production at others in a reorganisation aimed at coping with tougher competition and the impact of years of economic crisis in the region. Michelin added that it would invest 265 million euros to modernise production...

  • Goodyear revenue drops 10 pct Thursday, 29 Oct 2015 | 8:26 AM ET

    Oct 29- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported a 10.2 percent fall in quarterly revenue, hurt by a strong dollar. Revenue fell to $4.18 billion in the third quarter ended Sept. 30 from $4.66 billion a year earlier. Net income rose to $271 million, or 99 cents per share, from $161 million, or 58 cents per share, a year earlier.

  • Oct 26- Japanese tire maker Bridgestone Corp said it would buy auto parts retailer Pep Boys-Manny, Moe& Jack for $835 million in cash to expand its presence in the United States. The $15- per-share deal represents a premium of 23.5 percent to Pep Boys' Friday closing price of $12.15. The deal would expand Bridgestone Retail Operations LLC's network by more than 35...

  • Oct 26- Japanese tire maker Bridgestone Corp said it would buy U.S. auto parts retailer Pep Boys- Manny, Moe& Jack for $835 million in cash.

  • The Italian bourse said in a statement that Marco Polo had bought 70.6 percent of the Pirelli shares that were targeted by the mandatory tender offer. These shares equal a stake of around 54 percent in Pirelli and add to a shareholding of around 33 percent Marco Polo already held- giving it a total 87 percent, according to Reuters calculations.

  • Japan's retail sector outperformed after fresh data showed Japan's household spending rose in August for the first time in three months and that job availability improved to its best in more than two decades. ABC Mart shares climbed 2.8 percent after the Nikkei business daily reported the shoe retailer likely booked a record first-half operating profit of...

  • ROME, Sept 24- The Italian government said on Thursday it had ordered a study into possible health risks linked to diesel emission filters commonly used in vehicles throughout the European Union. The health ministry decided to investigate the matter after Rome's chief prosecutor wrote to the government in July, referring to expert opinion alleging the...