Reuters - Deals Today

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Monday, December 4, 2017

CVS Health to acquire Aetna for $69 billion in year's largest acquisition

(Reuters) - U.S. drugstore chain operator CVS Health Corp said on Sunday it had agreed to acquire U.S. health insurer Aetna Inc for $69 billion, seeking to tackle soaring healthcare spending through lower-cost medical services in pharmacies.

Broadcom plans to nominate 11 members to Qualcomm's board

(Reuters) - Chipmaker Broadcom Ltd said on Monday it planned to nominate a slate of 11 independent members to the board of U.S. semiconductor firm Qualcomm Inc.

PSA Group and Nidec to set up electric motor venture

PARIS (Reuters) - Peugeot maker PSA Group and Japan's Nidec Corp will invest 200 million euros ($237 million) in a joint venture to develop and produce electric car motors for a fast expanding market, the companies said on Monday.

Exclusive: EU set to approve easyJet purchase of parts of Air Berlin - sources

BRUSSELS/LONDON (Reuters) - British budget airline easyJet is set to win unconditional EU antitrust approval to buy parts of failed German peer Air Berlin , people familiar with the matter said on Monday.

Wanda founder Wang to buy majority stake in Wanda Hotel in $470 million deal

HONG KONG (Reuters) - Dalian Wanda group's billionaire founder Wang Jianlin has agreed to buy a majority stake in Wanda Hotel Development Co for $470 million from Wanda Commercial Properties, a move that is expected to boost liquidity at the indebted property firm.

Lufthansa CEO: prepared to give up most of Niki slots to get EU approval

FRANKFURT (Reuters) - Lufthansa is prepared to give up a large part of carrier Niki's airport slots in order to get EU approval for the acquisition of the Air Berlin unit, its chief executive said on Monday.

Insurer Hartford to sell life, annuity unit in $2.05 billion deal

(Reuters) - Insurer Hartford Financial Services Group said on Monday it would sell its life and annuity unit to a group of investors in a deal valued at $2.05 billion, as it looks to focus on its property and casualty businesses.

Lexinfintech delays U.S. IPO pricing as China reins in micro-loan sector: source

BEIJING (Reuters) - Chinese consumer lending firm Lexinfintech will delay the pricing of its planned Nasdaq IPO to conduct more due diligence, a source with direct knowledge of the situation said - a move that comes after Beijing issued new rules to tighten control of the micro-loan sector.

Uniper could make small M&A deals: CFO

FRANKFURT (Reuters) - German energy firm Uniper, subject to a 8.05 billion euro ($9.54 billion) takeover bid by Finnish peer Fortum, could make small and selective acquisitions itself, its finance chief told the online version of FINANCE magazine.

GEMS picks JP Morgan, Credit Suisse and Bank of America for $5 billion IPO: sources

LONDON (Reuters) - GEMS Education's owners have chosen JP Morgan , Credit Suisse and Bank of America Merrill Lynch to lead the international private schools group's initial public offering (IPO), two sources familiar with the matter said.