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Friday, April 7, 2017

U.S., Japan in talks to prevent China acquiring Westinghouse: U.S. official

WASHINGTON (Reuters) - The Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp's U.S. unit Westinghouse Electric Co does not lead to U.S. technology secrets and infrastructure falling into Chinese hands, a U.S. official said on Thursday.

Weak crude oil stunts U.S. energy IPOs, boosts outlook for M&A

LONDON/NEW YORK (Reuters) - The stream of U.S. energy companies going public at the start of 2017 has dried up on concerns over the future direction of oil prices, but private buyers seeking mergers and acquisitions are ready to take advantage of the volatility to secure cheap deals.

Singapore-based Effissimo ups stake in Toshiba to 9.84 percent

TOKYO (Reuters) - Singapore-based fund Effissimo, established by former colleagues of Japan's most famous activist investor, Yoshiaki Murakami, raised its stake in Toshiba Corp to 9.84 percent, a regulatory filing made on Friday showed.

Galenica Sante raises $1.9 billion in Europe's biggest IPO this year

ZURICH (Reuters) - Galenica Sante's shares rose more than 10 percent in their stock market debut on Friday, after the largest Swiss pharmacy retailer raised 1.9 billion Swiss francs ($1.9 billion) in Europe's biggest flotation so far this year.

Galvanized by Kraft, Unilever keeps shareholders sweet with cash

LONDON (Reuters) - Unilever promised shareholders a multi-billion euro rewards package on Thursday after February's $143 billion takeover offer from Kraft Heinz jolted it into a corporate makeover aimed at proving it can go it alone.

Sunoco to sell 1,110 U.S. stores to 7-Eleven operator for $3.3 billion

(Reuters) - Sunoco LP said on Thursday it would sell 1,110 convenience stores to Japan's Seven & i Holdings Co for $3.3 billion as the Texas-based company shifts its focus to its fuel supply business.

Exclusive: ADM revamps Argentine grains trading in global shake-up - sources

BUENOS AIRES/LONDON (Reuters) - Archer Daniels Midland Co is restructuring its operations in Argentina in a move that will include job losses as part of a wider shake-up at the U.S. agribusiness group, three sources familiar with the plans said this week.

Barrick's Shandong deal cements chairman's China strategy

TORONTO (Reuters) - Barrick Gold Corp's near billion-dollar deal with Shandong Gold Mining Co Ltd represents a rich premium for the Canadian miner, while making good on a long-promised plan to forge deep, long-lasting partnerships with China.

Vivendi ends 15-year U.S. lawsuit over big merger, to pay $26.4 million

NEW YORK (Reuters) - Vivendi SA said it agreed to pay $26.4 million to end nearly 15 years of U.S. litigation accusing the French media company of misleading shareholders about its finances in connection with a $46 billion three-way merger.

Samsonite says to buy U.S. online bag retailer eBags for $105 million

HONG KONG (Reuters) - Samsonite International S.A. said on Friday it would buy U.S.-based online travel bags retailer eBags Inc for $105 million cash, as the luggage maker accelerates growth of its e-commerce business in North America and worldwide.