Reuters - Deals Today

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Wednesday, December 6, 2017

UnitedHealth to buy DaVita's medical unit for $4.9 billion

(Reuters) - UnitedHealth Group Inc said on Wednesday it would buy kidney care services provider DaVita Inc's medical unit for about $4.9 billion cash, as the health insurer looks to expand operations in outpatient care services.

Britain pushes back date for provisional findings in Sky-Fox deal

LONDON (Reuters) - Britain's competition regulator will publish its provisional findings into the planned takeover of pay-TV group Sky by Rupert Murdoch's Fox in January and not December as originally planned, it said on Wednesday.

L&G to sell life policies business to Swiss Re for $870 million

LONDON (Reuters) - Legal & General is to sell a closed savings business with 33 billion pounds in assets to Swiss Re for 650 million pounds ($872.2 million) to help fund areas of growth including annuities.

Exclusive: China's Sinopec looking to sell Nigeria business - sources

LONDON/HONG KONG (Reuters) - China's Sinopec Group has hired BNP Paribas to sell its oil business in Nigeria and Gabon, three people with knowledge of the matter said, as the state-owned oil giant pares back its presence in Africa.

Walgreens to buy 40 percent stake in Chinese pharmacy chain

(Reuters) - Walgreens Boots Alliance Inc said on Wednesday it would buy a 40 percent minority stake in China National Accord Medicines Corp Ltd's subsidiary Sinopharm Holding GuoDa Drugstores Co Ltd.

Fred's pulls dividend, says exploring options for some assets

(Reuters) - Discount store operator Fred's Inc canceled its quarterly cash dividend on Wednesday, and said it was exploring alternatives for its real estate and specialty pharmacy business.

U.S. urges judge to reject AT&T/Time Warner court date proposal

WASHINGTON (Reuters) - The U.S. government on Tuesday urged a federal judge to reject the February court date sought by AT&T and Time Warner in a dispute over the firms' proposed merger, arguing the companies are rushing to meet an April 22 closing deadline for their $85.4 billion deal.

Abu Dhabi's ADNOC cuts indicative price range for unit's IPO as market sags

ABU DHABI (Reuters) - Abu Dhabi National Oil Co (ADNOC) has cut the price range for an initial public offer of shares in its fuel distribution unit and will sell only a 10 percent stake in the unit, valuing the potential deal at $900 million.

Exclsuive: China's Xiaomi seeks bank pitches for 2018 IPO - sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

British car insurer Sabre jumps 10 percent on market debut

(Reuters) - British car insurance underwriter Sabre's shares rose 10 percent on its market debut on Wednesday to 250 pence, valuing the company at around 630 million pounds ($844 million).