PRESS DIGEST-Financial Times - October 5

By Reuters News

Oct 5 (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

- Schneider Electric nears deal to buy industrial software group PTC for $20 billion

- AkzoNobel nears deal to sell its SE Asia decorative paint unit to Nippon Paint

- BT weighs improved TalkTalk offer after initial approach rejected

- Australian authorities probe Flydubai attacker’s links to country

Overview

- Schneider Electric SCHN.PA is closing in on a roughly $20 billion takeover of US engineering software provider PTC PTC.O in a deal that would be the French industrial conglomerate’s largest acquisition ever.

- Dulux owner AkzoNobel AKZO.AS is nearing a deal to sell its Southeast Asian decorative paints business to Nippon Paint4612.T, handing its Japanese rival a small victory after previous attempts at larger deals failed.

- BT BT.L is weighing an improved offer for UK broadband provider TalkTalk after an initial approach was rejected, as the telecoms group steps up its efforts to buy its heavily indebted rival.

- Australian authorities are investigating the Flydubai attacker’s ties to the country, as recriminations between various governments escalate after the attempted hijacking of a flight from Dubai to Tel Aviv last week.

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