Press Digest: Financial Times - October 5
PRESS DIGEST-Financial Times - October 5 Oct 5 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Schneider Electric nears deal to buy industrial software group PTC for $20 billion
- AkzoNobel nears deal to sell its SE Asia decorative paint unit to Nippon Paint
- BT weighs improved TalkTalk offer after initial approach rejected
- Australian authorities probe Flydubai attacker’s links to country
Overview
- Schneider Electric SCHN.PA is closing in on a roughly $20 billion takeover of US engineering software provider PTC PTC.O in a deal that would be the French industrial conglomerate’s largest acquisition ever.
- Dulux owner AkzoNobel AKZO.AS is nearing a deal to sell its Southeast Asian decorative paints business to Nippon Paint4612.T, handing its Japanese rival a small victory after previous attempts at larger deals failed.
- BT BT.L is weighing an improved offer for UK broadband provider TalkTalk after an initial approach was rejected, as the telecoms group steps up its efforts to buy its heavily indebted rival.
- Australian authorities are investigating the Flydubai attacker’s ties to the country, as recriminations between various governments escalate after the attempted hijacking of a flight from Dubai to Tel Aviv last week.
(Compiled by Bengaluru newsroom)
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Press Digest: Financial Times - October 5
Brief: Akzo Nobel NV Akzonobel To Sell Decorative Paints South East Asia Business To Nippon Paint For $1.35 Billion