Deals Today

	Click to View in Browser 07/29/2013 Publicis, Omnicom to merge to create advertising giant PARIS/NEW YORK (Reuters) - A proposed mega-merger between global ad agencies Publicis and Omnicom could bring rival accounts such as Coca-Cola and PepsiCo under one firm, underscoring the scale of the $35.1 billion deal and the potential conflicts it raises. Drugmaker Perrigo to buy Ireland's Elan for $8.6 billion DUBLIN (Reuters) - U.S. generic drugmaker Perrigo agreed to buy Elan for $8.6 billion on Monday, ending a takeover battle over the Irish company which put itself up for sale last month. Lord & Taylor parent HBC to buy Saks for $2.9 billion in cash NEW YORK (Reuters) - Hudson's Bay Co , operator of department store chains Lord & Taylor in the United States and The Bay in Canada, said on Monday that it would buy luxury retailer Saks Inc for $16 per share, or $2.9 billion in cash, including debt. America Movil may buy KPN after shareholding cap ends AMSTERDAM/BRUSSELS (Reuters) - Dutch telecom group KPN's biggest shareholder America Movil has ended an agreement to keep its holding below 30 percent, a sign it may bid for the whole company. PPG sells rest of variable-tint lens maker to Essilor for $1.73 billion (Reuters) - PPG Industries Inc has agreed to sell its $1.73 billion controlling stake in Transitions Optical, the inventor of modern variable-tint plastic lenses, to business partner Essilor International , PPG said on Monday. Publicis CEO sees EPS boost from Omnicom deal PARIS (Reuters) - The merger of Publicis and Omnicom will boost adjusted earnings per share, and the new group will maintain its BBB+ credit rating, the head of the French ad group told a news conference on Sunday. WPP's Sorrell sees more deals after Publicis Omnicom LONDON (Reuters) - Martin Sorrell, head of world No. 1 ad group WPP, congratulated long-time rival Maurice Levy on persuading Omnicom to merge, adding that further consolidation was inevitable in the industry. Publicis, Omnicom confident will get regulatory approval PARIS (Reuters) - Publicis and Omnicom expect to be able to win regulatory approval for their merger, the chief executives of the two companies told a news conference on Sunday. Top China nuclear power firm to launch dual IPOs in Shanghai, HK next year: paper SHANGHAI (Reuters) - China Guangdong Nuclear Power Corp (CGNPC), the country's top nuclear power station builder, plans to launch dual initial public offerings (IPO) in Shanghai and Hong Kong next year, hoping to raise at least 20 billion yuan ($3.3 billion), the official Shanghai Securities News said on Monday. Saudi Arabia awards $22.5 billion contracts to build Riyadh metro RIYADH (Reuters) - The Saudi Arabian government awarded $22.5 billion in contracts to three foreign-led consortia on Sunday for the design and construction of a metro rail system in the capital Riyadh. Related Video Breakingviews: "Equality" in Big Ad merger? Europe, brace for banking 'Super Tuesday' Related News Fed officials to mull much, change little at July meeting Lew says stubborn Congress risks repeating U.S. fiscal wounds A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend