Reuters - Deals Today

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Monday, October 30, 2017

Akzo Nobel seeks $30 billion merger with smaller U.S. rival Axalta

AMSTERDAM (Reuters) - Dutch paints maker Akzo Nobel, under pressure after rejecting a lucrative takeover offer and two profit warnings, has confirmed merger talks with smaller U.S. rival Axalta Coating Systems Ltd to create a $30 billion company.

Vistra Energy to buy Dynegy in all-stock deal

(Reuters) - Vistra Energy will buy Dynegy Inc in an all-stock deal, the U.S. utilities said on Monday, creating a company with a market value of more than $10 billion.

Novartis to buy French cancer specialist AAA for $3.9 billion

ZURICH (Reuters) - Novartis has agreed to buy French-based Advanced Accelerator Applications (AAA) for $3.9 billion, giving it a platform in radiopharmaceuticals and access to a new therapy for the kind of cancer that killed Steve Jobs.

Continental in talks to buy Israel's Argus Cyber Security: media

TEL AVIV (Reuters) - Germany's Continental AG is in advanced talks to buy Israel's Argus Cyber Security, which has developed technology to protect connected cars from hacking, for about $400 million, Israeli media reported on Monday.

Lennar to buy CalAtlantic Group in about $9.3 billion deal

(Reuters) - Lennar Corp said it would buy smaller rival CalAtlantic Group Inc in a deal valued at about $9.3 billion, including debt, creating the nation's largest homebuilder.

Munich Re's Ergo starts sale of run-off life portfolios: Handelsblatt

FRANKFURT (Reuters) - Munich Re's primary insurance arm Ergo is forging ahead with plans to sell the life insurance books of units Ergo Leben and Victoria Leben, Handelsblatt daily reported on Monday, citing two people familiar with the matter.

Strayer Education, Capella to merge in $1.9 billion deal

(Reuters) - Strayer Education Inc will merge with smaller peer Capella Education Co in a $1.9 billion all-stock deal that will offer doctoral, master's and bachelor's programs, mainly for working adults across the United States.

South Korea's Lotte Corp soars in debut, investors look ahead to more restructuring

SEOUL (Reuters) - Shares in Lotte Corp , the new holding firm for South Korea's No. 5 conglomerate, soared almost 50 percent above their issue price in their debut, as investors welcomed the group's streamlined ownership structure and bet on more restructuring.

Owens Corning to buy European mineral wool maker Paroc Group

(Reuters) - Insulation and roofing company Owens Corning said on Sunday it would buy European mineral wool maker Paroc Group from private equity firm CVC Capital Partners for about 900 million euros ($1.04 billion).

CVS bid for Aetna: A $66 billion bet on cutting drug costs

NEW YORK (Reuters) - The proposed merger between U.S. pharmacy operator CVS Health Corp and No. 3 health insurer Aetna Inc represents a $66 billion bet that insurers can drive down high U.S. drug prices by cutting out the middleman.