PRESS DIGEST-Financial Times - May 22
May 22 (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
- Honeywell close to securing Johnson Matthey catalyst unit in 1.8 billon STG deal
- Daniel Loeb's Third Point Investors in deal to create London-listed insurer
- UK weighs bill to wipe out debts British Steel owes to Chinese parent
- UK set to sign Chagos Islands deal with Mauritius
Overview
- U.S. industrial conglomerate Honeywell HON.O is nearing an 1.8 billion pounds($2.42 billion) all-cash deal to acquire the Catalyst Technologies division of Britain's Johnson Matthey's JMAT.L.
- Billionaire activist Daniel Loeb's Third Point Investors TPOGu.L plans to acquire a Cayman Islands-based Malibu Life Reinsurance, in a move that would lead to the creation of a new London-listed insurer for the first time since 2020.
- British ministers have discussed using new legislation to wipe out British Steel's debts of close to 1 billion pounds ($1.34 billion), according to Whitehall figures.
- Britain is set to sign a controversial deal to hand over the Chagos Islands to Mauritius as soon as Thursday, according to people familiar with the matter.
($1 = 0.7449 pounds)
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