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    Chemtura Corp (CHMT) plans to sell its agrochemicals business to Platform Specialty Products Corp (PAH) for about $1 billion, the Wall Street Journal reported, citing people familiar with the matter. The two specialty chemicals companies, each with a market value of about $2.4 billion, plan to announce the deal on Thursday, the newspaper said.

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    - China's Weibo Corp (WB), a Twitter-like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth. The offering comes ahead of the much-anticipated IPO of Chinese e-commerce giant Alibaba Group Holding Ltd, which holds stake in Weibo.

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    * IPO priced at $17 per ADS. * Sold 16.8 million ADSs, raising about $286 mln. * Initially planned to sell 20 mln ADSs at $17-$19 each. China's Weibo Corp (WB), a Twitter-like messaging service company, raised a less-than-expected $286 million after it cut the size of its U.S. initial public offering amid a selloff in technology shares and concerns about slowing user growth.

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    Discovery Communications (DISCA) has dropped out of bidding to buy Britain's free-to-air Channel 5, according to two sources familiar with the matter. Discovery, which has been aggressively expanding outside of the United States in television, had been in talks with British Sky Broadcasting Group Plc (BSYBF) over a possible joint bid, according to media reports.

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    GrubHub (GRUB) said on Wednesday it had settled with New York State Attorney General Eric Schneiderman on how the online food delivery service charges its restaurant partners. The goal, Schneiderman said, was to ensure that tips GrubHub (GRUB) collects in delivery orders are distributed in full to the delivery workers for whom they were intended.

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    - Hedge fund managers Marc Lasry and Wesley Edens are buying the National Basketball Association's Milwaukee Bucks for $550 million from businessman and former U.S. Senator Herb Kohl, becoming the latest Wall Street financiers to own a sports club.

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    Chilean shipper Compania SudAmericana de Vapores on Wednesday said it has signed a binding deal with Germany's Hapag-Lloyd to create the world's fourth-largest container-shipping company. The terms of the agreement are unchanged from those in the memorandum of understanding the companies announced in January, including two capital increases totaling 740 million euros.

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    Cereal maker Post Holdings Inc (POST) is close to a deal to acquire eggs and dairy producer and distributor Michael Foods Group Inc for $2.5 billion, prevailing over a rival bid from Tyson Foods Inc (TSN), said a person familiar with the matter. The deal is set to make Post Holdings (POST) a major player in the protein market, as healthy food options gain in popularity among consumers.

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    SAN FRANCISCO-- Yahoo Inc. (YHOO) jumped Wednesday after the Internet giant reported revenue growth for the first time in more than a year. Post Holdings Inc. (POST) also advanced on a Wall Street Journal report that it is on the verge of a mega-deal. Yahoo (YHOO) surged 5.6% after its first-quarter earnings report showed the company returned to growth.

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    Chilean shipper Compania SudAmericana de Vapores on Wednesday said it has signed a binding deal with Germany's Hapag-Lloyd to tie-up their businesses and create the world's fourth-largest container-shipping company. The companies announced in January they had inked a non-binding memorandum of understanding for the deal.

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    Michael Foods Group Inc is close to a deal to sell itself to Post Holdings Inc (POST) for $2.5 billion, according to a person familiar with the matter. The cereal company is likely to beat out Tyson Foods Inc (TSN) for Michael Foods, an eggs and dairy producer, the person said. Reuters reported last week that Michael Foods was in advanced talks to sell itself to either Tyson or Post.

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    Bazaarvoice's (BV) $9 million acquisition of FeedMagnet may help the online customer review network expand its services to social media such as Instagram, Pintrest, Facebook (FB), and Twitter, The deal also marks a new strategy for Bazaarvoice (BV) after the Department of Justice fought the company's acquisition of competitor PowerReviews.

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    NEW YORK-- Cereal maker Post Holdings Inc. could announce a $2.5 billion deal for food processor Michael Foods Group Inc. as soon as Thursday, The Wall Street Journal reported, citing people familiar with the matter. Minnesota-based Michael Food, whose biggest line of foods involves eggs, is being sold by a private-equity firm. Post shares are up 4.2% Wednesday, jumping after the Wall Street Journal report.

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    German carmaker Daimler and U.K. enginea maker Rolls-Royce Holdings on Wednesday, April 16, said they had agreed that Daimler's 50% stake in their joint venture diesel engine maker should be valued at ¿2.43 billion.

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     Agnico Eagle Mines  is sliding on Wednesday after announcing it has agreed to acquire Osisko Mining (OSKFF) in partnership with Yamana Gold (AUY), By late morning, shares had taken off 6.8% to $28.43. Yamana Gold (AUY) had slid 4.3% to $8.02. In a joint statement, the companies said they would offer C$3.9 billion, or C$8.15 a share, for the Montreal-based mining company.

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     Zalicus  soared Wednesday after the biopharmaceutical company announced it would merge with Epirus Biopharmaceuticals. After the all-stock transaction closes, Zalicus (ZLCS) will be known as Epirus and will operate under the latter company's management team led by Amit Munshi as president and CEO.