Reuters - Deals Today

Click to View in Browser

Monday, November 13, 2017

GE slashes quarterly dividend ahead of expected restructuring

(Reuters) - General Electric Co said on Monday it would chop its quarterly dividend in half, as part of an overhaul of the company that new Chief Executive John Flannery is due to roll out later in the day.

Qualcomm draws up plans to rebuff Broadcom's $103 billion offer: sources

(Reuters) - U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd's $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.

Shell to sell part of its Woodside Petroleum stake for $1.7 billion

LONDON/SYDNEY (Reuters) - Royal Dutch Shell is selling part of its stake in Australia's largest independent oil and gas company, Woodside Petroleum Ltd, to equity investors for about $1.7 billion.

Australia's Aurizon in talks to buy debt-saddled coal port

MELBOURNE (Reuters) - Australian coal rail operator Aurizon Holdings said on Monday it was in talks to buy the Wiggins Island Coal Export Terminal (WICET), which urgently needs to restructure $3 billion in debt.

Aramco CEO: IPO preparations ongoing, no decision on venue abroad

KHOBAR, Saudi Arabia (Reuters) - Preparations to float shares of Saudi Aramco next year are proceeding, but no decision has been taken yet on the venue for the international listing, the chief executive of the state oil company told Al Arabiya Television channel.

Cathay Pacific to gain full control of cargo carrier with $282 million DHL deal

SINGAPORE (Reuters) - Hong Kong's Cathay Pacific Airways Ltd on Monday said it would sell eight freighters to DHL International for HK$2.199 billion ($281.89 million) and lease them back as part of a deal to gain full control of cargo airline Air Hong Kong.

Members of UK convenience retailer Nisa back Co-op takeover

LONDON (Reuters) - The shopowner members of Nisa Retail, the British wholesaler and convenience retailer, on Monday voted in favor of the Co-operative Group's 137.5 million pounds ($180 million) takeover.

UAE's ADNOC to sell at least 10 percent of fuel distribution business in IPO

ABU DHABI/DUBAI (Reuters) - Abu Dhabi National Oil Company (ADNOC) aims to sell at least 10 percent of its fuel distribution unit in an initial public offering in Abu Dhabi, as Gulf states step up plans to privatize energy assets in an era of cheap crude.

Immofinanz sells Moscow malls to Fort on way to CA Immo merger

VIENNA (Reuters) - Austrian real estate group Immofinanz has agreed to sell its five Moscow shopping centers to Russia's Fort Group for 901 million euros ($1.05 billion), clearing the last hurdle to its merger with Austrian rival CA Immo .

Exclusive: Rupert Murdoch twice discussed CNN with AT&T CEO - sources

NEW YORK (Reuters) - Rupert Murdoch telephoned AT&T Inc Chief Executive Randall Stephenson twice in the last six months and talked about cable network CNN, sources briefed on the matter told Reuters on Friday.