Reuters - Deals Today

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Wednesday, January 17, 2018

Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal - sources

HONG KONG (Reuters) - Chinese bidders are circling a diabetes care business owned by the world's largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.

Carlyle considering IPO to exit Turkey's Penti: sources

ISTANBUL (Reuters) - U.S. private equity firm Carlyle Group is considering an initial public offering (IPO) of its minority holding in Turkish lingerie and swimsuit retailer Penti, three people familiar with the matter told Reuters.

Melrose makes hostile offer to buy Britain's GKN for $10.2 billion

LONDON (Reuters) - Turnaround specialist Melrose raised the pressure on GKN by turning hostile in its pursuit of the British engineering company, making a firm 7.4 billion pound ($10.2 billion) offer for the business after meeting its shareholders.

Japan Tobacco working on several possible M&A deals: CEO

TOKYO (Reuters) - Japan Tobacco Inc , which is on the hunt for overseas acquisitions to offset a shrinking home market, is working on several possible deals as it targets growth in Asian and other emerging markets, its new chief executive said on Wednesday.

China's Wanda sells interests in high-profile London property project

HONG KONG (Reuters) - Dalian Wanda Group has agreed to sell its interests in the high-profile London luxury development project, One Nine Elms, for 59 million pounds ($81 million), the latest in a string of asset sales that underscore financial strains hitting the Chinese conglomerate.

Health-conscious Nestle sells U.S. candy to Ferrero for $2.8 billion

LONDON/MILAN (Reuters) - Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider's first big sale and a small step on its path towards healthier products.

Qatar Airways says U.S. startup airline has offered 25 percent stake

KUWAIT (Reuters) - A startup airline in the United States has offered a 25 percent stake to Qatar Airways, the Gulf airline's chief executive Akbar al-Baker said on Wednesday.

Britain's Informa seals $5.2 billion deal for events organizer UBM

LONDON (Reuters) - Britain's Informa struck a deal to buy conference organizer UBM for 3.8 billion pounds ($5.2 billion) in cash and stock on Wednesday, forming a world-leading business events and exhibitions group worth 8 billion pounds.

GE reignites break-up talk after $11 billion insurance, tax hit

NEW YORK (Reuters) - General Electric Co indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.

Miramax bid for Weinstein Co. complicates sale process: LA Times

(Reuters) - An attempt by Qatar-owned film company Miramax to buy Weinstein Co. has complicated plans to sell the studio to a group of investors led by former Obama administration official Maria Contreras-Sweet, the Los Angeles Times reported on Tuesday, citing people familiar with the matter.