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Tuesday, July 11, 2017

Toshiba talking with Western Digital, Foxconn about chip unit sale: sources

TOKYO (Reuters) - Toshiba Corp told its creditor banks it is in talks with Western Digital Corp and Taiwan's Foxconn over the $18 billion sale of its prized chip unit in addition to its preferred bidder, banking sources familiar with the matter said on Tuesday.

Sunac China's shares soar as $9.3 billion Wanda property deal seen as positive

HONG KONG (Reuters) - Sunac China Holdings's planned $9.3 billion deal to buy Dalian Wanda's tourism projects and hotels is a bargain even though it could become China's most indebted developer, analysts said, a view that sent Sunac shares up nearly 14 percent on Tuesday.

Pearson cashes in $1 billion of its Penguin Random House stake

LONDON (Reuters) - Pearson is set to raise $1 billion from the sale of a 22 percent stake in book publisher Penguin Random House to majority owner Bertelsmann , in the British group's latest bid to rebuild following a string of profit warnings.

Western Digital says it matched rivals' bids for Toshiba chip unit

(Reuters) - Western Digital Corp said it matched rival bidders' offers to acquire Japanese conglomerate Toshiba Corp's flash memory unit ahead of a court hearing on Friday over whether to halt the auction process.

Sanofi to buy vaccines biotech group Protein Sciences

PARIS (Reuters) - French drugmaker and healthcare group Sanofi is to buy privately-held U.S vaccines biotech company Protein Sciences for an initial amount of $650 million, as Sanofi steps up its acquisition program after recently missing two large deals.

Australia's Vocus gets $1.7 billion approach from Affinity, matches KKR bid

SYDNEY (Reuters) - Australian internet provider Vocus Group Ltd said on Tuesday a second private equity firm has made a A$2.2 billion ($1.7 billion) takeover approach, sending its shares higher on hopes for a bidding war.

EQT nears deal to acquire pharma services firm Certara: sources

(Reuters) - Private equity firm EQT is nearing a deal to acquire U.S. drug development consultancy Certara for around $850 million, including debt, from Arsenal Capital Partners, another buyout firm, people familiar with the matter said on Tuesday.

TUI raises 244 million euros from sale of remaining Hapag-Lloyd shares

FRANKFURT (Reuters) - Europe's largest tourism group, TUI AG, said it had completed the sale of its remaining shares in container shipper Hapag-Lloyd, raising net proceeds of 244 million euros ($278 million).

Lotte Chemical Titan in weak Malaysian debut after IPO scaled back

KUALA LUMPUR (Reuters) - Shares of Lotte Chemical Titan Holding Bhd fell in their Malaysian stock market debut, a further indication of weak investor demand after the size of its offering was slashed by a fifth last week.

Elliott proposes $18.5 billion Oncor deal to top Buffett

(Reuters) - Elliott Management Corp, the largest creditor of the bankrupt parent of Oncor Electric Delivery Co, unveiled a plan on Monday to best Berkshire Hathaway Inc's deal for the Texas utility with a bid worth $18.5 billion, including debt.