Mergers & Acquisitions

Yahoo to vote on $1.1 bln Tumblr buy -AllThingsD

SAN FRANCISCO, May 17 - Yahoo Inc's board will meet on Sunday to vote on whether to offer $1.1 billion in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday.

STXNEWS LATAM-CSN still considering purchase of Thyssen's Steel America unit

RIO DE JANEIRO, May 17 - Brazilian steelmaker CSN, or Cia Siderúrgica Nacional SA, is still evaluating the possible purchase of the Steel Americas unit of ThyssenKrupp AG, the company said in a regulatory filing late Friday.

UPDATE 2-Sacramento Kings owners reach deal to sell team to local investors

May 17 - The owners of the Sacramento Kings basketball franchise have struck a tentative deal to sell the California team to local investors after the National Basketball Association denied a proposal to move the team to Seattle, Sacramento Mayor Kevin Johnson said on Friday.

DirecTV interested in buying video website Hulu -source

May 17 - The largest U.S. satellite video provider, DirecTV, is one of the companies considering a bid for online video website Hulu, according to a source familiar with the situation.

China deal ends distraction, but not questions, for Caterpillar

* Caterpillar now needs to show how ERA advances China strategy

Stocks, Markets 17 May 2013

UPDATE 2-Tesoro wins US antitrust OK to buy California BP refinery

WASHINGTON/HOUSTON, May 17 - U.S. refiner Tesoro Corp. has received formal approval from antitrust regulators in Washington and Sacramento on Friday to buy BP Plc's refinery and other assets in southern California for more than $2 billion.

UPDATE 1-US FCC nominee Wheeler will divest holdings if confirmed

WASHINGTON, May 17 - Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.

Deals of the day -- mergers and acquisitions

May 17 - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

Activist investor says Petrogrand should exit Russia

May 17 - An activist hedge fund has urged Swedish oil and gas company Petrogrand AB to drop exploration activities in Russia, explore strategic alternatives and replace its chief executive, according to a letter from the fund to the company's board of directors.

U.S. FCC nominee Wheeler to divest telecoms holdings if confirmed

WASHINGTON, May 17 - Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.

Deals

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