Reuters - Deals Today

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Friday, July 7, 2017

Toshiba under pressure to consider 'Plan B' as chip sale falters: sources

TOKYO (Reuters) - As the $18 billion sale of Toshiba Corp's memory chip unit to a government-approved consortium falters, some bankers and potential investors are pressing the board to seriously consider alternatives, people with direct knowledge of the sale process said - including picking a new buyer.

Berkshire Hathaway Energy to buy Oncor

(Reuters) - Berkshire Hathaway Energy, a unit of Warren Buffett's Berkshire Hathaway Inc, said on Friday it would acquire Oncor Electric Delivery Company LLC in a deal that puts Oncor's equity value at about $11.25 billion.

Elliott Advisors makes fresh legal move against Akzo Nobel's chairman

AMSTERDAM (Reuters) - Activist hedge fund Elliott Advisors has filed a second lawsuit in its attempt to oust the chairman of Dutch paints group Akzo Nobel over his rejection of a 26.3 billion-euro ($30 billion) takeover proposal from U.S. group PPG Industries .

Singtel's NetLink IPO set to price near low end, raise $1.7 billion: IFR

SINGAPORE (Reuters) - NetLink NBN Trust, the broadband unit of Singapore Telecommunications (Singtel) , is set to price its IPO near the bottom of expectations, raising about $1.7 billion in Singapore's largest listing in more than four years.

Activist Elliott acquires Stada stake: sources

FRANKFURT (Reuters) - Activist investor Elliott Management has bought a stake in Stada, two financial sources familiar with the matter said on Friday, adding a new twist to a takeover battle for the German generic drugs maker.

UK's Ultra Electronics to buy U.S. warfare device maker Sparton

(Reuters) - British defense contractor Ultra Electronics said it would buy Sparton Corp for $23.50 per share, giving the maker of anti-submarine warfare devices used by the U.S. Navy an enterprise value of about $234.8 million.

Altrad Investment to buy UK oil services firm Cape for 332.2 million pounds

(Reuters) - French construction equipment maker Altrad Investment Authority said on Friday it agreed to buy UK oil services company Cape Plc for about 332.2 million pounds ($430.3 million) in cash.

Unnamed investor launches $260 million selldown in China Vanke: IFR

HONG KONG (Reuters) - An unnamed institutional investor launched a selldown worth about $260 million in China Vanke Co Ltd , China's second-largest property developer, IFR reported on Friday, citing a term sheet.

Cargill completes sale of petroleum business to Macquarie

SINGAPORE (Reuters) - Commodity trader Cargill Inc [CARG.UL] completed the sale of its petroleum business to Australian investment bank Macquarie Group Ltd on June 30, a company spokeswoman told Reuters on Friday.

Sweden's Volvo sells stake in engine maker Deutz

STOCKHOLM (Reuters) - Sweden's AB Volvo said on Friday it had sold its 25 percent stake in German diesel engine maker Deutz AG as the truck maker continued to trim assets outside its core business.