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Monday, June 26, 2017

Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

TOKYO (Reuters) - Japan's Takata Corp , the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based rival Key Safety Systems.

Ten Network gains Australian tycoons' support, expressions of interest

SYDNEY (Reuters) - Three Australian business magnates plan to financially support Ten Network Holdings until it finds a buyer, the TV broadcaster's administrator said, adding that there had been "quite a number" of expressions of interest from potential acquirers.

Fridman's L1 Retail to buy Holland & Barrett for $2.3 billion

LONDON (Reuters) - Russian billionaire Mikhail Fridman's L1 Retail has agreed to buy Britain's Holland & Barrett for 1.77 billion pounds ($2.26 billion) in its first acquisition, betting on continued growth and expansion abroad for the health foods chain.

Britain's Co-op Bank says nears rescue deal with investor group

LONDON (Reuters) - Britain's Co-operative Bank said on Monday it was close to agreeing a financial rescue package with leading investors that would shore up its capital base and end months of uncertainty about its future.

U.S. activist presses for 'bold action' at Nestle

(Reuters) - Nestle is under pressure from U.S. activist shareholder Third Point, which has taken a $3.5 billion stake in the food maker and is pushing Europe's largest company to improve margins, buy back shares and get rid of non-core businesses.

Western Digital won't consent to SK Hynix participation in Toshiba chip unit sale

TOKYO (Reuters) - Western Digital Corp has told Toshiba Corp that it will not agree to a sale of the Japanese conglomerate's prized memory chip unit to a preferred bidding consortium that includes rival chipmaker SK Hynix Inc .

Tanker firm Frontline drops DHT pursuit and steers away from deals

OSLO (Reuters) - Oslo-listed oil tanker firm Frontline has abandoned its pursuit of New York-listed rival DHT Holdings and is not working on any alternative acquisitions, Frontline's CEO told Reuters on Monday.

Martin Marietta to buy Bluegrass Materials for $1.63 billion

(Reuters) - Building materials supplier Martin Marietta Materials Inc said on Monday it agreed to buy construction material producer Bluegrass Materials Co for about $1.63 billion in cash.

Fridman's L1 Retail to buy Holland & Barrett for 1.8 billion pounds: source

(Reuters) - Russian billionaire Mikhail Fridman's fund L1 Retail has agreed to buy health food chain Holland & Barrett for about 1.8 billion pounds ($2.3 billion), according to a source familiar with the matter.

Alibaba-backed Best files for $750 million U.S. IPO

(Reuters) - Best Inc, a Chinese logistics company backed by Alibaba Group Holding Ltd , on Monday filed for an initial public offering of American depositary shares to raise up to $750 million.