Reuters - Deals Today

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Monday, June 12, 2017

China state papers urge regulators to stick to reforms as pace of IPOs slows

SHANGHAI (Reuters) - Approvals of initial share offerings are slowing in China once again as local share prices slide, but major state-controlled newspapers are urging the stock market regulator not to "balk or backtrack" on reforms.

Western Digital to raise Toshiba chip offer in last-ditch bid: source

TOKYO (Reuters) - Western Digital Corp plans to raise its offer for Toshiba Corp's prized semiconductor unit to $18 billion or more, a person familiar with the matter said, in a last-ditch effort to clinch a deal both companies consider vital.

South Africa's Sibanye says $1 billion rights issue oversubscribed

JOHANNESBURG (Reuters) - Sibanye Gold's $1 billion rights issue, aimed at raising capital to help fund its acquisition of U.S. platinum producer Stillwater, was oversubscribed by almost five-fold, the company said on Monday.

Exclusive: China-backed fund in third bid for U.S. to approve chip deal - sources

(Reuters) - Canyon Bridge Capital Partners LLC, the China-backed buyout fund that agreed to acquire Lattice Semiconductor Corp in November for $1.3 billion, will submit the deal for U.S. review for the third time, people familiar with the matter said on Sunday.

China's Yancoal gets regulatory approval for $2.45 billion Rio Tinto deal

HONG KONG (Reuters) - China's Yancoal has gained Chinese regulatory approval for its $2.45 billion purchase of Rio Tinto's Australian unit Coal & Allied Industries Ltd, the company said in a stock exchange filing on Sunday which also acknowledged Glencore's counterbid for the assets on Friday.

Exclusive: Nordstrom family launches search for buyout partner - sources

(Reuters) - A group of Nordstrom Inc family members is talking to buyout firms about raising $1 billion to $2 billion in equity to fund a potential bid to take the U.S. department store operator private, according to people familiar with the matter.

Sirius to invest $480 million in Pandora, may be path to music streaming

(Reuters) - Sirius XM Holdings Inc said on Friday it will invest $480 million in Pandora Media Inc , giving the satellite radio company better exposure to internet music streaming while providing financial footing to Pandora.

Japan Post chief plans to slow acquisitions after Toll losses: Nikkei

TOKYO (Reuters) - Japan Post Holdings plans to slow the pace of future acquisitions, shifting away from its earlier aggressive investment strategy as it smarts from losses over its purchase of Australian logistics company Toll Holdings, the Nikkei business daily reported on Saturday.

UAE's Aster DM Healthcare eyes Saudi market despite past payment delays

DUBAI (Reuters) - Dubai-based Aster DM Healthcare is looking at acquisition opportunities in Saudi Arabia, its managing director told Reuters in an interview.

Glencore outbids Yancoal for Rio Tinto's Hunter Valley coal mines

(Reuters) - Miner-trader Glencore on Friday said it had offered $2.55 billion cash for coal mines owned by Rio Tinto in Hunter Valley, Australia, outbidding a previous offer from Chinese-owned Yancoal.