Reuters - Deals Today

Click to View in Browser

Friday, May 26, 2017

Linde board to vote on Praxair merger on June 1: sources

MUNICH (Reuters) - German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.

UK's Sainsbury's exploring bid for Palmer & Harvey: Sky News

LONDON (Reuters) - Sainsbury's , Britain's second largest supermarket group, is in the early stages of examining a takeover bid for tobacco distributor Palmer & Harvey, Sky News reported.

Sharp forecasts first profit in four years, confirms Toshiba chip bid

CHIBA (Reuters) - Japan's Sharp Corp on Friday forecast its first net profit in four years following cost-cutting under new Taiwanese owner Hon Hai Precision Industry Co Ltd (Foxconn) , and said it would resume making active investments.

Safran investor TCI says reduced offer for Zodiac still too high

LONDON (Reuters) - UK hedge fund TCI said aero engine maker Safran's reduced offer for Zodiac Aerospace was still too high and it would vote against the deal.

Temasek's venture arm Vertex to launch new Israel, U.S. funds in 2018: CEO

HONG KONG (Reuters) - Vertex Holdings, the venture capital arm of Singapore state investor Temasek Holdings (Pte) Ltd, expects to raise two separate funds for investments in Israel and the United States in 2018 after deploying most of the capital of existing funds there, its chief executive said on Friday.

China LeEco's sports unit says valued at $3.5 billion after new funding round

BEIJING/SHANGHAI (Reuters) - Chinese tech conglomerate LeEco's sports unit said it completed a new round of funding that valued it at 24 billion yuan ($3.50 billion) and that its investors will form a new committee to supervise its finances.

Fosun, others eye Australia's Origin Energy gas assets worth $1.5 billion: sources

MELBOURNE/SINGAPORE (Reuters) - Australia's top energy retailer Origin has drawn interest from at least five potential bidders, including China's Fosun International, for A$2.0 billion ($1.5 billion) worth of oil and gas assets it aims to spin off, sources said.

Alfa Financial Software shares rise sharply on London debut

LONDON (Reuters) - Shares in Alfa Financial , which provides software for the asset finance industry, rose sharply on its debut on Friday having been priced at 325 pence per share, making it the biggest listing in London this year by market capitalization.

Britain's Spirax-Sarco to buy thermal tech firm Chromalox for $415 million

(Reuters) - Britain's Spirax-Sarco Engineering Plc said it had agreed to buy Pittsburgh-based thermal technology company Chromalox Inc from private equity firm Irving Place Capital for $415 million on a cash-free, debt-free basis.

China's Dahua Tech plans up to $1 billion Hong Kong share sale: sources

HONG KONG (Reuters) - China's Zhejiang Dahua Technology Co Ltd , a maker of security products, is planning to raise as much as $1 billion through a share offering in Hong Kong, three people with direct knowledge of the move told Reuters.