Reuters - Deals Today

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Friday, April 28, 2017

Hillhouse, CDH-led group offers to buy Belle International in $6.8 billion deal

HONG KONG (Reuters) - A consortium led by private equity firms Hillhouse Capital Group and CDH Investments offered on Friday to buy Belle International Holdings Ltd in a deal valuing the entire Hong Kong-listed shoe retailer at about $6.8 billion.

Maersk Line to pay $4 billion for Hamburg Sud

COPENHAGEN (Reuters) - The world's biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday.

Exclusive: Apollo Global in advanced talks to buy West Corp - sources

(Reuters) - Private equity firm Apollo Global Management LLC is in advanced negotiations to acquire U.S. telephone conferencing services provider West Corp, people familiar with the matter said on Thursday.

China's Didi confirms $5.5 billion funding for global expansion

BEIJING (Reuters) - China's top ride-hailing service, Didi Chuxing, said on Friday it has raised more than $5.5 billion to expand its business overseas and develop artificial intelligence technology.

Siemens takes new direction by buying trip-planning firm

FRANKFURT (Reuters) - Germany's Siemens has moved into journey planning with the purchase of privately-owned Hannover-based firm HaCon to complement its transportation business, which it has been talking about merging with Bombardier's .

Akzo Nobel investor USS backs call for PPG talks over revised bid

LONDON (Reuters) - One of Britain's biggest pension scheme investors has called on Dutch paintmaker Akzo Nobel to engage with U.S. suitor PPG Industries over a revised bid and criticized the board's handling of the issue.

Governance advisor Hermes EOS backs review of German takeover rules

LONDON (Reuters) - A leading advisor to pension schemes and other investors on Friday called for a review of Germany's rules around takeovers, in light of a planned takeover of U.S. agrochemicals company Monsanto by Bayer.

Zodiac aims to complete Safran deal, CEO offers to go

PARIS (Reuters) - Zodiac Aerospace's chief executive has offered to resign after another profit warning from the French company, which said on Friday it continued to discuss a merger with Safran to end a crisis in its aircraft seats plants.

KKR-backed group halts work on Tatts takeover offer

SYDNEY (Reuters) - A group backed by KKR & Co said on Friday it would not undertake further work on a takeover offer for Australia's Tatts Group Ltd after its A$6.15 billion ($4.60 billion) cash bid was rejected by the lottery operator's board.

Pirelli hits accelerator on IPO, launches plan to cut debt

MILAN (Reuters) - Italian tiremaker Pirelli said on Friday it had moved forward its plans to list on a stock exchange to the last quarter of 2017 and its controlling Chinese investor was willing to cut its stake to below 50 percent in the initial public offering (IPO).