Reuters - Deals Today

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Monday, August 14, 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.

Andeavor unit to buy Western Refining Logistics for $1.5 billion

(Reuters) - U.S. pipeline operator Andeavor Logistics LP said on Monday it would buy rival Western Refining Logistics LP for $1.5 billion as it seeks to expand into the Permian Basin in Texas and New Mexico.

VF Corp to buy Dickies workwear maker for $820 million

(Reuters) - Apparel and footwear maker VF Corp said it would buy privately held Williamson-Dickie Mfg. Co, the owner of Dickies and Workrite workwear, for about $820 million in cash.

China's Fosun, Shanghai Pharma say bid for stake in U.S. drugmaker Arbor

HONG KONG (Reuters) - A unit of China's Fosun Group and Shanghai Pharmaceuticals Holding Co are among bidders for a stake in U.S. speciality drugmaker Arbor Pharmaceuticals LLC, the companies said on Monday.

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.

French food group Danone's shares rise after bid speculation report

PARIS (Reuters) - Shares in French food group Danone rose on Monday after the New York Post newspaper said in a report over the weekend that Danone could be a takeover target. (http://nyp.st/2vxjSjj)

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.

Telecom Italia advised that Vivendi's role doesn't breach rules

MILAN (Reuters) - Legal experts commissioned by Telecom Italia to give an opinion on Vivendi's growing influence over the company have said the French group does not breach Italian rules aimed at protecting strategic companies, a document reviewed by Reuters shows.

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.

Banks picked for float of French fashion company behind Sandro, Maje: sources

LONDON (Reuters) - Bank of America Merrill Lynch , JP Morgan and KKR Capital Markets have been chosen as joint global coordinators for the float of fashion company SMCP in Paris, sources familiar with the matter said on Friday.