Specialist chemicals company Johnson Matthey said Thursday that it will buy Cormetech, a U.S. manufacturer of environmental catalysts, for as much as $460 million as it seeks to add to its emissions control business.
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TOP NEWS

Eversheds-Led Johnson Matthey Inks $460M Cormetech Deal

By Najiyya Budaly

Specialist chemicals company Johnson Matthey said Thursday that it will buy Cormetech, a U.S. manufacturer of environmental catalysts, for as much as $460 million as it seeks to add to its emissions control business.

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Baker McKenzie-Led Fattal Hotels Preps £930M Bid For PPHE

By Tom Fish

Fattal Hotel Group has tabled a non-binding proposal for a £930 million ($1.2 billion) takeover of PPHE Hotel Group Ltd., offering £22 in cash per share in a move that would take the London-listed hospitality operator fully private.

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EU Probes Chinese Retailer's €2.2B Deal For Tax Distortions

By Eleanor Butler

The European Union said Thursday that it had opened a probe into Chinese e-commerce firm JD.com's €2.2 billion ($2.6 billion) takeover bid for German electronics retailer Ceconomy, linked to concerns the Chinese firm had been granted distortive foreign subsidies.

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DEALS

Computacenter To Buy US Gov't IT Reseller For Up To $92M

By Najiyya Budaly

British technology company Computacenter PLC said Thursday that it will buy Government Acquisitions Inc., an IT reseller to U.S. federal government agencies, in a deal worth up to $92 million in a move to boost its services to the public sector.

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Half Of Large Pension Funds Pick Running On Over Buyout

By Martin Croucher

Half of the U.K.'s largest pension funds with assets of more than £1 billion are considering running on rather than striking an insurance deal, a broker said on Thursday.

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Brief

Property Biz Boosts German Portfolio With €50M Purchase

By Irene Madongo

Property company Sirius said Thursday that it has officially completed the purchase of a business park in Germany for almost €50 million ($58 million) as it aims to expand its property portfolio in the country.

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PRIVATE EQUITY

CMA Clears $3.4B Kimberly-Clark, Suzano Joint Venture

By Tom Fish

Britain's competition regulator said in a statement Thursday it has cleared a proposed $3.4 billion joint venture between Brazilian pulp producer Suzano and U.S. consumer goods company Kimberly-Clark.

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CAPITAL MARKETS

Nanotech Biz Looks To Quit London Stock Exchange

By Irene Madongo

Nanoco Group PLC said Thursday it will seek the go-ahead from shareholders to exit the main market of the London Stock Exchange, which the nanotechnology company hopes will help slash its operating costs.

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EXPERT ANALYSIS

Series

Studying Foreign Languages Makes Me A Better Lawyer

Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

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LAW FIRMS IN TODAY'S NEWS

Baker McKenzie

Eversheds Sutherland

Freshfields

Kirkland & Ellis

COMPANIES IN TODAY'S NEWS

AgreeYa

Cormetech Inc.

Genworth Financial Inc.

Honeywell International Inc.

JD.com

Johnson Matthey PLC

Kimberly-Clark Corp.

London Stock Exchange Group PLC

Metro AG

Morgan Stanley

PPHE Hotel Group Ltd.

Suzano

VCG Holding Corp.

Willis Towers Watson PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Committee on Foreign Investment in the United States

Competition and Markets Authority

European Commission

European Union