Reuters - Deals Today

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Tuesday, July 25, 2017

Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

LONDON (Reuters) - U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner.

Activist investor urges sale of Barnes & Noble

(Reuters) - Activist investor Sandell Asset Management Corp on Tuesday urged U.S. bookstore chain operator Barnes & Noble Inc to sell itself.

Activist hedge funds pull hard on the M&A lever

NEW YORK (Reuters) - Of all the demands that activist hedge funds make, one has emerged as a clear favorite over the past year: asking the management of a company they target to put up the "for sale" sign.

Hong Kong fund leads chase for Germany energy management group Ista: sources

FRANKFURT/LONDON (Reuters) - Hong Kong's CK Infrastructure (CKI) is seen as the frontrunner to buy German metering and energy management group Ista for more than 4.5 billion euros ($5.2 billion), sources close to the matter told Reuters.

Stada boards recommend that shareholders accept sweetened bid

FRANKFURT (Reuters) - Stada's management board and supervisory board are recommending that shareholders accept a sweetened takeover offer for the German generic drugmaker from buyout groups Bain Capital and Cinven, Stada said on Tuesday.

Refresco to buy Cott's bottling operations for $1.25 billion

AMSTERDAM (Reuters) - Netherlands-based drinks bottler Refresco has agreed to buy the bottling activities of Canada-based Cott Corp for $1.25 billion, giving a big boost to its business in the United States, the world's largest soft drinks market.

Brushing off bank worries, HNA taps Goldman for unit Pactera's IPO: sources

HONG KONG (Reuters) - HNA Group, the Chinese airline-to-banking conglomerate, has tapped investment bank Goldman Sachs to list Pactera, the Beijing-based IT outsourcing firm it bought from private equity firm Blackstone, sources familiar with the matter said.

AB InBev's Australian unit keen on Sabeco, Habeco stakes: Vietnam

HANOI (Reuters) - Vietnam said Australia's Carlton & United Breweries (CUB), part of the world's largest brewer Anheuser-Busch InBev , has expressed its interest in becoming a strategic investor of Vietnam's top brewers Sabeco and Habeco .

Nasdaq to acquire UK market surveillance startup

NEW YORK (Reuters) - Nasdaq Inc has agreed to acquire Sybenetix, a London-based startup that uses artificial intelligence to help compliance officers at asset management firms analyze the behavior of their traders in order to prevent market abuse.

Exclusive: Saudi Arabia hires Goldman for Riyadh airport stake sale - sources

DUBAI (Reuters) - Saudi Arabia has hired Goldman Sachs to manage the sale of a stake in Riyadh airport, the first major privatization of an airport in the kingdom, three sources familiar with the matter said.