Reuters - Deals Today

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Wednesday, May 3, 2017

Alitalia sale process to kick off within 15 days - minister

ROME (Reuters) - The sale process for troubled flagship carrier Alitalia will kick off in the next 15 days, Italy's Industry Minister said on Wednesday.

German copper group Wieland buys U.S. tube business

HAMBURG (Reuters) - German copper products group Wieland said on Wednesday it has taken over the copper and steel tube business of U.S. company Wolverine Tube Inc, as part of its plans to expand internationally.

Germany's Allianz bought into UniCredit's share issue: spokesman

MUNICH (Reuters) - Allianz has bought into a record 13 billion euro ($14 billion) share sale Italian bank UniCredit carried out earlier this year, a spokesman for the German insurer said on Wednesday.

Exclusive: Akzo sees latest PPG bid inadequate, weighs options

(Reuters) - Dutch paint maker Akzo Nobel NV's supervisory board is scheduled to meet on Tuesday to discuss how to proceed after deeming PPG Industries Inc's latest $29 billion offer to be insufficient, people familiar with the matter said.

Apollo, Blackstone among potential bidders for Home Capital - sources

TORONTO/NEW YORK (Reuters) - Buyout firms Apollo Global Management LLC , Blackstone Group LP and Centerbridge Partners LP are among potential suitors studying bids for Canada's biggest alternative mortgage lender, Home Capital Group Inc , people familiar with the matter told Reuters.

Aramco sale won't be far off 5 percent, will happen in 2018-Saudi prince

DUBAI (Reuters) - The planned sale of a stake in Saudi Arabia's national oil company Saudi Aramco will occur through an initial public offer of shares in 2018, and the stake sold "will be not be very far off 5 percent", Deputy Crown Prince Mohammed bin Salman said on Tuesday.

Exclusive: Cerberus, Sycamore Partners wrestle with Staples buyout

(Reuters) - Cerberus Capital Management LP and Sycamore Partners are the two private equity firms actively exploring an acquisition of Staples Inc , the U.S. office supplies retailer, people familiar with the matter said on Tuesday.

EU to rule on $38 billion Qualcomm, NXP deal by June 9

BRUSSELS (Reuters) - EU regulators will decide by June 9 whether to clear smartphone chipmaker Qualcomm's $38 billion takeover of NXP Semiconductors NV , with rivals voicing concerns about continued access to key NXP technology after the deal.

Calamos-Exin predicts National Insurance bid hard to match

ATHENS (Reuters) - An offer for National Bank's insurance business by Calamos and Exin will be hard to match, partly because of the cultural and commercial links they have with Greece, the investment duo's chief executives said.

Dow, Dupont planned merger gets conditional nod from China

BEIJING (Reuters) - China has conditionally approved the proposed merger between Dow Chemical Co and Dupont , the country's Commerce Ministry said on Tuesday, a step forward for the deal whose closing has been repeatedly delayed by regulatory hurdles.