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Wednesday, April 26, 2017

Credit Suisse to raise $4 billion in rights issue, ditches Swiss unit IPO

ZURICH (Reuters) - Credit Suisse will raise around 4 billion Swiss francs ($4 billion) through a rights offering to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit.

KKR to buy Hitachi Kokusai Electric for $2.3 billion

TOKYO (Reuters) - U.S. buyout firm KKR said on Wednesday it has agreed to buy Hitachi Ltd's electronic equipment unit for 257 billion yen ($2.3 billion) with investment fund Japan Industrial Partners Inc (JIP).

BHP Billiton puts U.S. shale gas assets on the block again

SYDNEY (Reuters) - BHP Billiton has put its Fayetteville shale gas assets in the United States back on the block, the world's largest miner said on Wednesday, as it seeks to focus on more lucrative opportunities in oil.

China banks miss out on U.S. investment banking bonanza

NEW YORK (Reuters) - As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks.

McDonald's drops plan to sell shares in Japan unit

TOKYO (Reuters) - McDonald's Corp has put on hold plans to sell shares in its Japan unit, which recently returned to profit for the first time in three years after a series of food scandals shook consumer confidence in the chain.

Cerberus launches up to $446 million selldown in Japan's Seibu: IFR

HONG KONG (Reuters) - U.S. private equity firm Cerberus Capital Management LP launched a selldown of up to $446 million in railway firm Seibu Holdings , IFR reported on Wednesday, citing a term sheet of the transaction.

Shares in Saudi's Alawwal Bank and SABB surge after merger talks

DUBAI (Reuters) - Shares in Saudi Arabia's Alawwal Bank rose 9 percent in early trading on Wednesday after it agreed to start talks with Saudi British Bank (SABB) about a merger that could create the kingdom's third biggest bank with assets of nearly $80 billion.

Spain's Abertis has not received concrete bid from Atlantia: CFO

MADRID (Reuters) - Spanish infrastructure group Abertis has not received any concrete bids from Italian toll road operator Atlantia , Abertis's Chief Financial Officer said on Wednesday.

1MDB-IPIC deal does little to alleviate uncertainties in Malaysia, Moody's say

KUALA LUMPUR (Reuters) - Malaysian state fund 1MDB's agreement to resolve a debt dispute with Abu Dhabi's International Petroleum Investment Co (IPIC) may lift market sentiment, but uncertainty on how it will settle bond payments poses a lingering risk, Moody's said on Wednesday.

UGG brand owner Deckers explores sale

(Reuters) - Deckers Outdoor Corp said on Tuesday it was exploring strategic alternatives, including a sale of the company, a month after an activist investor urged the apparel and accessories maker to sell itself.