Schneider Electric HQSchneider Electric issued a statement denying it had planned to buy U.S. conglomerate Tyco International, but this did little to kill the buyout talks as a source with knowledge of the matter said the French engineering group held earlier talks with Tyco.  Shares of Schneider initially rose more than 2 percent after the denial but dropped after analysts made comments speculating a tie-up may be coming soon, and is expected to weigh on shares in the long term.

BP’s tie-up with Rosneft was at risk of collapse on Wednesday as the state-controlled Russian oil major said it would not extend a Thursday deadline on a $16 billion share swap. The possible failure of the deal would hurt CEO Bob Dudley, who on Thursday faces shareholders angered by the Gulf of Mexico disaster as BP holds its annual general meeting.

MGM has disclosed the planned structure of its initial public offering in the Macau casino market, reaching an agreement with co-owner Pansy Ho. In the agreement, Ho would receive a 29 percent stake in the company, MGM China Holdings Ltd. An IPO would make MGM Macau the last of Macau’s six gambling licensees to go public.

Packaging company Silgan Holdings said it will acquire Graham Packaging in a $4.1 billion deal as it seeks to grow abroad. The deal will close in the second half of the year and is expected to generate free cash flow of $500 million and add to Silgan’s first-year earnings.

The Malkin family, who control New York’s Empire State Building is planning to create a publicly traded real estate company featuring the iconic building, according to sources reported in the New York Times. The 102-story Art Deco skyscraper is a hot spot for tourists, but the Malkins will have to clear a number of hurdles before the plans can go through, including gaining the support of its principle partner.