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Thursday, February 1, 2018

Tencent-led group to invest $1.6 billion in menswear firm Heilan: sources

HONG KONG (Reuters) - Tencent Holdings Ltd is leading a deal to invest 10 billion yuan ($1.59 billion) in Chinese menswear group Heilan Home Co Ltd, upping a retail rivalry with fellow internet giant Alibaba Group Holding Ltd, sources with knowledge of the matter said.

Japan's Fujifilm to take over Xerox in $6.1 billion deal, create JV

(Reuters) - Japan's Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing.

UK's Sainsbury's buys Nectar from Aimia for 60 million pounds

LONDON (Reuters) - Britain's Sainsbury's said on Thursday it has purchased the Nectar loyalty card business from Canada's Aimia for 60 million pounds ($85 million), boosting the supermarket group's control of customer data.

U.S. trade ruling piles pressure on Boeing-Embraer talks

SAO PAULO/BRASILIA (Reuters) - An unexpected U.S. trade ruling last week has added to pressure on Boeing Co and Embraer SA to pull off a proposed tie-up but it will still require careful coaxing to get the Brazilian government on board.

CBS board to discuss potential Viacom merger on Thursday: sources

(Reuters) - CBS Corp's board is expected to discuss a merger with Viacom Inc on Thursday, sources told Reuters, a move that could begin a formal process to reunite the companies split by controlling shareholder Sumner Redstone more than a decade ago.

Argentina companies list on U.S. exchanges ahead of expected rate hikes

BUENOS AIRES (Reuters) - Argentine companies are rushing to list shares on U.S. exchanges beginning this week to beat an expected hike in interest rates by the U.S. Federal Reserve, analysts said, while taking advantage of an improved investor climate under President Mauricio Macri after years of populist rule.

Bidder Melrose opposed to rapid break-up of GKN

LONDON (Reuters) - Melrose Industries said it would not pursue a "hasty separation" of GKN's automotive and aerospace divisions as it pressed the case for its 7.2 billion pound ($10.2 billion) hostile bid for the British engineer on Thursday.

TDC to buy MTG's TV business in $2.5 billion Nordic media deal

STOCKHOLM (Reuters) - Danish telecoms operator TDC has agreed a $2.5 billion takeover of Swedish Modern Times Group's broadcasting and entertainment business, the latest deal in a global wave of mergers reshaping the telecoms and media sectors.

Corvex nominates four directors to Energen's board

(Reuters) - Corvex Management LP kicked off its anticipated proxy challenge to Energen Corp on Wednesday, with the activist investor nominating four candidates to the oil and gas producer's board of directors as it pushes for a sale of the company.

Coding boot camp General Assembly explores potential sale: CEO

SAN FRANCISCO (Reuters) - Coding boot camp General Assembly, a privately held New York-based company, is exploring strategic options, including a potential sale, Chief Executive Jake Schwartz told Reuters.