UPDATE 1-Blackstone offers $2.3 bln for Australia's Investa Office Fund

(Reuters) – Australia’s Investa Office Fund (IOF) (IOF.AX) said on Monday it has received a A$3.08 billion ($2.3 billion) unsolicited non-binding buyout proposal from the Blackstone Group (BX.N). FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE), New York, NY, U.S., April 4, 2016. REUTERS/Brendan McDermid/File Photo The directors of IOF manager Investa Listed Funds Management (ILFM) said they plan to unanimously recommend the offer, which equates to a distribution…

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PRESS DIGEST- British Business – May 28

May 28 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times The owner of Clydesdale and Yorkshire banks is looking to sweeten its 1.6 billion pounds ($2.13 billion) offer for Virgin Money in a move that could create Britain’s largest challenger bank. bit.ly/2xfbp97 The Guardian A standoff over Italy’s future in the eurozone ended on Sunday night with the shock resignation of the country’s populist prime minister-in waiting, Giuseppe…

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PRESS DIGEST- Financial Times – May 28

May 28 (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 Smiths Group and ICU Medical in talks over healthcare merger on.ft.com/2xir9YN U.S. officials enter North Korea to prepare for summit on.ft.com/2xkO5H0 Qatar bans imports from four Arab neighbours on.ft.com/2ISUgmV Overview British engineering firm Smiths Group Plc is in very early stage discussions about a potential combination of its medical division with U.S.-based ICU Medical Inc, the British group said on Sunday. A…

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UPDATE 1-Australia increases Takata air bags recall to just under 4 million cars

SYDNEY (Reuters) – Australia said on Monday it was recalling an additional 1.1 million cars fitted with Takata Corp TKTDQ.PK air bags, increasing the size of the country’s biggest ever compulsory recall to just under four million cars. FILE PHOTO: The logo of Takata Corp is seen on its display at a showroom for vehicles in Tokyo, Japan, February 9, 2017. REUTERS/Toru Hanai/File Photo The Takata air bags have been linked to at least 18 deaths and 180 injuries globally because the inflators can rupture and shoot metal fragments into…

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UPDATE 3-Thousands evacuate as Storm Alberto churns toward Florida

(Reuters) – Thousands of Florida residents evacuated their homes on Sunday as Subtropical Storm Alberto drove north through the Gulf of Mexico with forecasters saying it could bring “life-threatening inundation” to southern coastal states. The storm was about 120 miles (190 kms) south of Apalachicola, Florida, on the Gulf of Mexico coast as of 4 p.m. EDT (2000 GMT) and was expected to make landfall along the Florida Panhandle on Monday, the U.S. National Hurricane Center said. Alberto, the first named Atlantic storm of 2018 which spun up days before…

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German carmakers morally obliged to refit dirty diesels -minister

BERLIN (Reuters) – German carmakers have a moral obligation to refit heavily polluting diesel vehicles on the country’s roads, environment minister Svenja Schulze said, but conceded that the government had no legal means to make them do so. A car passes a traffic sign showing a ban on diesel cars at the Max-Brauer Allee in downtown Hamburg, Germany May 23, 2018. REUTERS/Fabian Bimmer In an interview published in Die Welt newspaper on Monday, Schulze said refits could first be carried out on cars on the road in particularly polluted cities.…

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UPDATE 1-Smiths Group, ICU Medical in talks about medical division merger

(Reuters) – British engineering firm Smiths Group Plc (SMIN.L) is in very early stage discussions about a potential combination of its medical division with U.S.-based ICU Medical Inc (ICUI.O), the British group said on Sunday. There is no certainty that a transaction will be concluded from the talks, Smiths Group said in a statement that did not disclose any of the financial details under discussion. Sky News and the Financial Times had reported earlier on Sunday that the two companies were in talks. Smiths Group had been exploring options for…

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Smiths Group, ICU Medical in talks on healthcare merger- source

(Reuters) – British engineering firm Smiths Group Plc (SMIN.L) and U.S.-based ICU Medical Inc (ICUI.O) are in talks about a merger of their medical device businesses, a person familiar with the discussions told Reuters. The talks are at a very early stage, according to the person. Sky News and the Financial Times had reported earlier on Sunday that the two companies were in talks. The FT said Smiths Group had been exploring options for some time for its medical business. ICU Medical did not respond to a request for comment…

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UPDATE 1-Exxon pulls offshore workers; Shell, Chevron cut output due to Alberto

HOUSTON (Reuters) – Exxon Mobil Corp evacuated non-essential workers from the Lena production platform in the Gulf of Mexico ahead of Subtropical Storm Alberto, the company said on Sunday. Royal Dutch Shell Plc and Chevron Corp shut production on platforms in the eastern Gulf of Mexico due to Alberto and evacuated workers from those sites, the companies said. The U.S. National Hurricane Center said Alberto was transitioning to a tropical cyclone as its circulation became more focused around a central core located 135 miles (220 km) west of Tampa, Florida,…

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UPDATE 2-Storm Alberto churns toward Florida, Alabama and Mississippi

(Reuters) – Gulf Coast residents should “take this storm seriously,” the National Weather Service said on Sunday as Subtropical Storm Alberto drove north through the Gulf of Mexico, threatening heavy rains and winds to the southern coastal states. Florida, Alabama and Mississippi declared states of emergency on Saturday with up to 15 inches of rain forecast over the Memorial Day weekend, as well as tidal surges and damaging winds, according to Patrick Burke of the weather service’s Weather Prediction Center in College Park, Maryland. “This is jogging more to the…

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