Mergers and Acquisitions

Michigan approves amended tax incentives for Dow, AK Steel

A Michigan board approved restructured tax incentives Tuesday for Dow Chemical and AK Steel and capped the credits' value similarly to how it did in agreements with automakers in recent years, despite lawmakers' criticism of the new deal for the steelmaker.

Ant Financial Hikes MoneyGram Offer by 36%

China's Ant Financial has sweetened its bid for MoneyGram International Inc by 36 percent, beating a rival offer to gain approval from the U.S. electronic payment firm's board.