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Thursday, June 22, 2017

UK competition watchdog clears Standard Life-Aberdeen deal

(Reuters) - Britain's competition watchdog said it had cleared Standard Life's 11 billion pound ($14 billion) deal to buy Aberdeen Asset Management , paving the way for the tie-up which will create the country's biggest listed asset manager.

Exclusive: Sycamore Partners close to deal to acquire Staples - sources

(Reuters) - Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion.

Takata to file for bankruptcy Monday, SMFG to provide bridge loan: sources

TOKYO (Reuters) - Takata Corp will seek bankruptcy protection from creditors on Monday, two sources said, as the Japanese company faces billions of dollars in liabilities stemming from the biggest recall in automotive history.

CICC, Goldman to lead China Tower Hong Kong IPO worth up to $10 billion: sources

HONG KONG (Reuters) - China Tower Corp has picked China International Capital Corp Ltd (CICC) and Goldman Sachs to lead a planned Hong Kong initial public offering worth up to $10 billion, people with direct knowledge of the plans said on Thursday.

Home Capital to get C$2 billion loan from Berkshire Hathaway

(Reuters) - Home Capital Group Inc said billionaire Warren Buffett's Berkshire Hathaway Inc will provide a new C$2 billion ($1.50 billion) line of credit to its unit Home Trust Co, ending the Canadian lender's strategic review process.

Foxconn to continue to pursue Toshiba chip unit acquisition: Sharp CEO

TAIPEI (Reuters) - Taiwan's Foxconn will continue to pursue an acquisition of Toshiba Corp's chip business, a day after the troubled conglomerate chose a rival suitor as the preferred bidder, the head of Foxconn's Japanese unit said.

Daimler’s Uber rival mytaxi expands into Romania

LONDON (Reuters) - Mytaxi, the ride hailing app owned by German carmaker Daimler , has agreed to buy a Romanian rival as part of efforts to create a pan-European service to take on Uber.

Imagination Tech up for sale after bruising Apple fight

LONDON (Reuters) - Imagination Technologies, the British firm that lost 70 percent of its value after being ditched by its biggest customer Apple, put itself up for sale on Thursday in a disappointing end to a once-great European tech success story.

China's JD.com to invest $397 million in UK fashion retailer Farfetch

BEIJING (Reuters) - JD.com Inc , China's No.2 e-commerce firm, said it would invest $397 million in fashion retailer Farfetch UK Ltd to expand its luxury offerings, amid fierce competition with Alibaba Group for China's high-end retail market.

Takata shares plunge, change hands for the first time since Friday

TOKYO (Reuters) - Shares in Takata Corp changed hands for the first time since sources said last week that the struggling airbag maker was preparing to file for bankruptcy, falling 50 percent in Thursday morning trade.