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Tuesday, November 14, 2017

Qualcomm rejects Broadcom's $103-billion takeover bid

(Reuters) - Mobile chipmaker Qualcomm Inc on Monday rejected rival Broadcom Ltd's $103-billion takeover bid, saying the offer undervalued the company and would face regulatory hurdles.

Tesco wins UK regulator's provisional approval for Booker takeover

LONDON (Reuters) - Tesco won provisional approval for its 3.7 billion pound ($4.9 billion) takeover of wholesaler Booker from the UK competition regulator on Tuesday, moving Britain's biggest retailer closer to securing a new avenue of growth.

Amazon sells off China cloud assets as tough new rules bite

BEIJING (Reuters) - Amazon.com Inc is selling off the hardware from its public cloud business in China, amid tightening regulation over online data that is creating a hurdle for technology firms operating in the world's second-largest economy.

Akzo Nobel: options for chemicals arm are sale or spin-off, no IPO

(Reuters) - Akzo Nobel, the Dutch maker of Dulux paint, said on Tuesday that if it does not sell its Specialty Chemicals division, it will give stockholders shares in the division and spin it off as a separate company.

Bharti Airtel and Tigo merge in Ghana to form AirtelTigo

ACCRA (Reuters) - Bharti Airtel has merged with Millicom's Tigo in Ghana to become the country's second largest mobile operator, the new company AirtelTigo said on Tuesday.

China's foreign ownership cap change may stir interest in smaller banks: Fitch

BEIJING (Reuters) - Beijing's landmark move to ease or remove limits on foreign ownership in China's financial sector will likely stoke acquisition interest in smaller banks, Fitch Ratings said.

Shrinking GE rattles investors, shares hit 5-year low

(Reuters) - General Electric Co's new Chief Executive John Flannery on Monday outlined steps that will turn the biggest U.S. industrial conglomerate into a smaller, more focused company, surprising some investors who sold the company's shares to a five-year low.

Aviva grabs Irish insurer Friends First for 130 million euros

(Reuters) - British insurer Aviva has agreed to buy Irish insurer Friends First for 130 million euros ($151 million) in cash, making it one of the biggest insurers in Ireland.

China battery giant CATL plans $2 billion IPO to fund expansion

SHANGHAI (Reuters) - Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL) is planning a 13.1 billion yuan ($1.97 billion) initial public offering in Shenzhen to drive its expansion and meet soaring demand for electric car batteries.

India's Bharti Airtel sells $508 million stake in tower arm Bharti Infratel

(Reuters) - Top Indian mobile carrier Bharti Airtel Ltd said on Tuesday it sold part of its holdings in mobile masts arm Bharti Infratel Ltd for 33.25 billion rupees ($507.52 million) in a bid to reduce debt.