Reuters - Deals Today

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Tuesday, May 30, 2017

Novartis has assets to sell, investors wary of what it might buy

ZURICH (Reuters) - As Novartis considers asset sales that could raise $50 billion, investors are worried any cash raised may give the Swiss drugmaker firepower for another unsuccessful megadeal.

LSE to buy Citi's bonds analysis and indexes business for $685 million

(Reuters) - London Stock Exchange (LSE) has agreed to buy The Yield Book, Citigroup's fixed-income analytics service and also its related indexing business, for $685 million in cash, the companies said on Tuesday.

Blackwater founder's FSG buys stake in Chinese security school

BEIJING (Reuters) - Hong Kong-listed Frontier Services Group (FSG), co-founded by former U.S. military services contractor Erik Prince, said it had acquired 25 percent of a Chinese security training facility, the company's latest move to tap into China's Belt and Road development plan.

UK competition regulator formally opens Tesco-Booker probe

LONDON (Reuters) - Britain's competition regulator has formally opened an investigation into Tesco's 3.7 billion pound ($4.8 billion) plan to buy wholesaler Booker , seeking to establish whether it could reduce competition and choice for customers.

Warren Buffett takes 3 percent stake in Germany's Lanxess

FRANKFURT (Reuters) - Lanxess disclosed on Monday that Berkshire Hathaway , the conglomerate run by billionaire Warren Buffett, had acquired a 3 percent stake in the German chemicals maker.

EU clears EDF's takeover of Areva's nuclear reactors business

BRUSSELS (Reuters) - EU antitrust regulators approved on Monday French utility EDF's planned takeover of the nuclear reactors business of Areva , confirming a Reuters report earlier this month.

Akzo Nobel wins court case against dissident shareholders

AMSTERDAM (Reuters) - A Dutch court on Monday rejected a request by Akzo Nobel investors for it to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries , handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion euro ($28 billion) proposed offer.

China Tower invites banks to pitch for role in up to $10 billion HK IPO: IFR

HONG KONG (Reuters) - China Tower Corp, which owns and manages the mobile phone towers for China's three state-owned telecom operators, has invited investment banks to pitch for a role in a Hong Kong IPO worth up to $10 billion, IFR reported on Monday.

Western Digital may join Japan-KKR group for Toshiba chip unit bid: sources

TOKYO (Reuters) - Western Digital Corp may join a consortium of Japanese government money and KKR & Co LP to bid for Toshiba Corp's chip unit, backing away from an earlier demand for an immediate majority stake, two sources familiar with the matter said.

China's Lianhua Supermarket says Alibaba takes 18 pct stake

HONG KONG (Reuters) - China's Lianhua Supermarket Holdings Co Ltd on Monday said shareholder Shanghai Yiguo E-Commerce Co Ltd would sell an 18 percent stake in supermarket chain operator to a unit of Alibaba Group Holding Ltd .