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Wednesday, July 19, 2017

Dalian Wanda to sell hotels to R&F, up price of tourism projects for Sunac

BEIJING (Reuters) - Dalian Wanda Group will sell 77 hotels to developer R&F Properties instead of to Sunac China , Sunac's chairman said on Wednesday, in a twist to the second-biggest real estate deal ever in China announced a week ago.

Reckitt cuts the mustard with $4.2 billion food business sale

LONDON (Reuters) - U.S. spices maker McCormick & Co Inc has won the battle to buy Reckitt Benckiser Group's North American food business, paying a higher than expected $4.2 billion to add extra seasonings and sauces.

Toshiba says it again is blocking Western Digital access to chip JV

TOKYO (Reuters) - Toshiba Corp said it resumed blocking access by Western Digital Corp to data at their memory chip joint venture, intensifying its dispute with the U.S. firm over the Japanese company's planned sale of the chip business.

Discovery and Scripps in merger talks: sources

(Reuters) - Discovery Communications and Scripps Networks Interactive Inc are in merger talks, revisiting a deal that was scrapped three years ago, two people familiar with the matter told Reuters on Tuesday.

Tower operator Crown Castle to buy Lightower for $7.1 billion

(Reuters) - Tower operator Crown Castle International Corp said it would buy privately held Lightower Fiber Networks for about $7.1 billion in cash to expand its fiber footprint in urban areas of the U.S. northeast.

Abercrombie & Fitch investor calls for buybacks after failed sale

(Reuters) - An investor in Abercrombie & Fitch Co on Tuesday called on the U.S. teen apparel retailer to buy back its shares, following the company's failed attempt to sell itself.

After China's curbs on Wanda, worries rise rivals could be ensnared

SHANGHAI (Reuters) - China's curbs on property giant Dalian Wanda Group's overseas deals are spreading a chill at home and abroad, raising fears that a campaign to root out risky overseas investments could draw in rival Chinese conglomerates and even Hollywood studios.

GSK looks to sell UK Horlicks business: source

LONDON (Reuters) - GlaxoSmithKline is planning to sell its small Horlicks business in Britain but will retain the much larger operation in India, where the nutritional brand is growing strongly, a source familiar with the situation said on Wednesday.

Vets First Choice secures $223 million investment

(Reuters) - Vets First Choice, a privately held U.S. provider of healthcare technology to veterinary practices, said on Wednesday it had raised $223 million from a group of investment firms to help it scale up its business.

Price range for Landis+Gyr IPO narrows to top end of range: sources

ZURICH (Reuters) - The price range for Landis+Gyr shares has narrowed to 78 to 82 Swiss francs per share driven by high demand ahead of the Swiss tech company’s flotation, two people with knowledge of the situation told Reuters on Tuesday.