Reuters - Deals Today

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Monday, April 24, 2017

GE Power division nears $3 billion services deal in Algeria: source

NEW YORK (Reuters) - GE Power, a division of General Electric Co , is close to signing a services deal with a subsidiary of Algerian utility Sonelgaz SpA valued at more than $3 billion, likely the largest such agreement ever for GE, according to a person familiar with the matter.

RLJ to buy fellow lodging trust FelCor

(Reuters) - RLJ Lodging Trust said on Monday it agreed to buy FelCor Lodging Trust Inc in a deal that would make it the third-biggest U.S. lodging real estate investment trust.

Becton Dickinson to acquire Bard for $24 billion

NEW YORK (Reuters) - U.S. medical equipment supplier Becton Dickinson and Co will acquire C R Bard Inc, in a $24 billion cash-and-stock deal, adding Bard's devices to its portfolio in the high-growth sectors of oncology and surgery, both companies said on Sunday.

Luxury retailer Jimmy Choo puts itself up for sale

LONDON (Reuters) - British luxury retailer Jimmy Choo is seeking offers for the company as part of a review of its strategic options to maximize shareholder value, it said on Monday.

Dubai Aerospace to buy aircraft lessor AWAS, catapults to top tier

(Reuters) - Government-controlled Dubai Aerospace Enterprise Ltd (DAE) is acquiring Dublin-based AWAS, the world's tenth biggest aircraft lessor, in a deal that will add over 200 planes to its fleet and more than double the size of its current business.

Pfeiffer Vacuum recommends not to accept Busch takeover offer

FRANKFURT (Reuters) - German pump maker Pfeiffer Vacuum said on Monday its management and supervisory board advised shareholders not to accept an improved takeover offer by rival Busch Group.

ABB, Schneider Electric bid for General Electric unit: sources

(Reuters) - European engineering groups ABB Ltd and Schneider Electric SE are competing for General Electric Co's industrial solutions division, which could fetch as much as $3 billion, according to people familiar with the matter.

Struggling apparel retailer Bebe to shut all stores

(Reuters) - Struggling apparel retailer Bebe Stores Inc said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses.

KKR, INCJ plan joint bid for Toshiba's chip unit: Nikkei

(Reuters) - U.S. private equity firm KKR & Co LP and Japanese government-backed fund, Innovation Network Corp of Japan (INCJ), will submit a joint offer for Toshiba Corp's memory chip unit, the Nikkei business daily reported on Friday.

Panasonic raises PanaHome buyout offer to appease shareholders

TOKYO (Reuters) - Japanese electronics conglomerate Panasonic Corp has raised its offer to buy out subsidiary PanaHome Corp , in an effort to satisfy the housebuilder's shareholders, who were unhappy with the original bid.