White & Case-Led Retailer To Buy Saint-Gobain Unit For €1.5B

By Tom Fish

Finnish retail and wholesale group Kesko said Monday it has agreed to acquire the Nordic technical trade operations of Dahl from Saint-Gobain, the French building materials giant, in a transaction worth up to €1.52 billion ($1.8 billion).

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UniCredit Refers Commerzbank Claims To German Regulator

By Dawood Fakhir

Italian lender UniCredit SpA on Monday rejected statements by Commerzbank AG raising doubts about the response of its shareholders to UniCredit's merger proposal, saying it has contacted Germany's Federal Financial Supervisory Authority, or BaFin, over what it called a "relentless dissemination of inaccurate and misleading information" by its German takeover target.

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Aerospace Engine Maker Targets $700M IPO

By Jade Martinez-Pogue

Aerospace engine maker Doncasters Group on Monday outlined plans to raise around $700 million in its initial public offering led by White & Case LLP and Davis Polk & Wardwell LLP.

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Brief

Regulator Seeks Experts To Shape UK Accounting Standards

By Joel Poultney

Britain's audit watchdog has said it wants new financial reporting experts to join its working group designed to shape accounting standards in the U.K. and Ireland.

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Brief

Shell Pauses $3B Buyback Ahead Of ARC Vote On $14B Deal

By Irene Madongo

Shell PLC is suspending its recently launched $3 billion share buyback program until mid-July, when shareholders of ARC are scheduled to vote on the U.K. giant's proposed $13.6 billion acquisition of the Canadian energy company.

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Brief

Uranium Investor Yellow Cake Kicks Off $10M Share Buyback

By Irene Madongo

Yellow Cake said Monday it has begun a program to repurchase up to $10 million of shares amid concern about the uranium investor's share price.

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EU Foreign Subsidies Report Offers Chance To Take Stock

The European Union’s forthcoming review of the Foreign Subsidies Regulation, revealing reassuringly low intervention rates but a burdensome prenotification process, offers the European Commission a timely opportunity to address genuine distortions and be more proportionate in its demands on market participants, say lawyers at Dechert.

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