Reuters - Deals Today

Click to View in Browser

Friday, August 11, 2017

Exclusive: Saudi Arabia favours New York for Aramco listing despite risks - sources

DUBAI/RIYADH/LONDON (Reuters) - Saudi Arabia favours New York for the main foreign listing of state oil giant Aramco, even though some financial and legal advisers have recommended London as a less problematic and risky option, people familiar with the matter told Reuters.

Exclusive: Husky hires Goldman Sachs for $4 billion sale - sources

(Reuters) - Husky Injection Molding Systems Ltd, a Canadian supplier of injection molding equipment to the global plastics industry, has hired investment bank Goldman Sachs Group Inc to explore a sale that it hopes could value it at close to $4 billion, including debt, according to people familiar with the matter.

Chinese startup Toutiao raising funds at over $20 billion valuation: sources

HONG KONG (Reuters) - Chinese news aggregator Toutiao, backed by Sequoia Capital and CCB International, is raising at least $2 billion at a valuation of over $20 billion in its latest funding round, people familiar with the matter told Reuters.

Innogy CEO talks down European utility M&A prospects

FRANKFURT (Reuters) - The chief executive of Innogy, Germany's largest energy group, on Friday dismissed talk of new, large-scale consolidation in the European utility sector, saying recent media reports about the matter were fueled by fee-hungry banks.

Snap, Blue Apron fuel worries about overheated IPOs

NEW YORK/SAN FRANCISCO (Reuters) - Snap Inc and Blue Apron Holdings Inc's dismal quarterly reports on Thursday, which sent their shares slumping, join a growing list of technology startups failing to live up to sky-high expectations set ahead of their initial public offerings.

Old Mutual to list not sell businesses next year in break-up

LONDON (Reuters) - Anglo-South African financial services group Old Mutual aims to list two divisions rather than sell them as it pursues a plan to split into four parts by the end of next year.

Akzo Nobel wins again in court battle with hedge fund Elliott

AMSTERDAM (Reuters) - Akzo Nobel does not have to let shareholders vote on whether to dismiss its chairman, a Dutch court ruled on Thursday, handing the paint company another victory in its battle with U.S. activist investor Elliott Advisors.

VW Group, Tata end talks on emerging markets tie-up

BERLIN (Reuters) - Cooperation talks between Germany's Volkswagen Group and India's Tata Motors about joint development of a car for emerging markets have ended amicably, the two companies said on Thursday.

Insurance veteran Cowdery raising money for Bermuda fund: sources

NEW YORK/LONDON (Reuters) - British insurance entrepreneur Clive Cowdery is raising money for a fourth investment vehicle, at the same time as his third, U.S.-focused fund is being wound down and its sole asset put up for sale, sources aware of the matter told Reuters.

PayPal to expand lending offering with acquisition

NEW YORK (Reuters) - Payments firm PayPal Holdings Inc has agreed to acquire online lending company Swift Financial in a bid to expand its business that provides working capital to merchants.