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EU regulators to investigate Dow, DuPont $130 billion merger

Thursday August 11 th 2016

BRUSSELS EU antitrust regulators have opened a full investigation into Dow Chemical (DOW.N) and DuPont (DD.N)’s proposed $130 billion merger, saying the deal may reduce competition in crop protection, seeds and some petrochemicals.The European Commission said the deal, which would create the world’s largest integrated crop protection and seeds company, may also hurt innovation.”The livelihood of farmers depends on access to seeds and crop protection at competitive prices. Continue reading

Turner targets millennial viewers with Refinery29 investment

NEW YORK Time Warner Inc’s Turner Networks has agreed to acquire a stake in U.S. digital publisher Refinery29 in a $45 million funding round with other investors to expand its audience of millennial women, the companies said on Thursday.Turner, which led the round that included Scripps Networks Interactive, declined to disclose the size of its investment in the women’s beauty, fashion and lifestyle website. Continue reading

Carlyle, founder raise $394 million in partial exit from Brazil’s CVC

SAO PAULO Carlyle Group LP and Brazilian investor Guilherme Paulus raised a combined 1.230 billion reais ($394 million) from the partial sale of their stakes in Brazilian travel agency CVC Brasil Operadora SA, a sign investors are slowly returning to Latin America’s largest equity market.In a Thursday securities filing, CVC Brasil said the so-called restricted efforts offering, which took place the day before, was priced at 20.50 reais. That represents a 3. Continue reading

Exclusive: Iraq, oil cos agree to restart investment, boost output

BAGHDAD/BASRA – Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said.The agreements, reached in July and August, effectively delay to the second half of the year projects that the three companies had planned to carry out in the first half, which had been suspended because of low oil prices. Continue reading

Australia’s anti-trust watchdog won’t oppose JB Hi-Fi buyout of Good Guys

SYDNEY Australia’s competition watchdog said on Thursday it will not oppose electronic retailer JB Hi-Fi Ltd’s (JBH.AX) proposed acquisition of rival Good Guys, saying the two companies are focused on different product categories and customers.JB Hi-Fi is considering a buyout of the appliances chain as it looks to diversify away from its traditional line-up of DVDs and video games. Continue reading