Reuters - Deals Today

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Thursday, November 16, 2017

Emerson sweetens bid for Rockwell Automation to $29 billion

(Reuters) - Emerson Electric Co boosted its offer to buy Rockwell Automation Inc to about $29 billion, after its previous bid of $27.6 billion was rebuffed last month.

U.S. government approaches 18 states to fight AT&T-Time Warner deal

WASHINGTON (Reuters) - The U.S. Justice Department has approached 18 state attorneys general to try to win their support for an antitrust lawsuit to block pay TV and wireless powerhouse AT&T Inc's $85.4 billion deal to buy media and entertainment company Time Warner Inc, a person briefed on the matter said on Wednesday.

Meredith, Time Inc restart deal talks with Koch brothers' support: NYT

(Reuters) - Time Inc is in talks with Meredith Corp again to sell itself in a potential deal backed by billionaire brothers Charles Koch and David Koch, the New York Times reported.

T-Mobile US to propose significant share buyback

BARCELONA (Reuters) - T-Mobile US will propose a "significant" share buyback that could start in December, CFO Braxton Carter said on Thursday, a sign that the third biggest carrier in the United States is confident in its outlook after the collapse of a merger with Sprint Corp.

Exclusive: Mattel snubs Hasbro's latest acquisition approach - sources

(Reuters) - Mattel Inc has rebuffed Hasbro Inc's latest takeover approach, people familiar with the matter said on Wednesday, casting uncertainty over the potential combination of the world's two largest toy companies.

Chinese fintech Jianpu prices U.S. IPO below range

(Reuters) - Jianpu Technology Inc , a China-based online financial-planning platform, priced its American depository shares at $8.00 apiece, below the previously outlined $8.50 to $10.50 range.

Fortum CEO had 'constructive' meeting with Uniper CEO: WirtschaftsWoche

FRANKFURT (Reuters) - Finnish energy company Fortum's Chief Executive Pekka Lundmark had a good first meeting with the boss of takeover target Uniper , Klaus Schaefer, he told German magazine WirtschaftsWoche.

Australia's Santos shares soar after spurns $7.2 billion takeover approach

MELBOURNE (Reuters) - Australian gas producer Santos Ltd said on Thursday it rejected a A$9.5 billion ($7.2 billion) takeover approach in August, sending its shares up 13 percent on speculation another offer was likely to emerge.

ProSieben attracts bids for stake in digital ops: sources

FRANKFURT/LONDON (Reuters) - Germany's ProSiebenSat.1 has attracted bids from private equity firms for a stake in its ecommerce portfolio as it seeks cash to finance a shift away from its television advertising business, sources close to the matter said.

Doubts over Mediclinic's $1.6 billion Spire bid knock shares

(Reuters) - Expectations that Mediclinic International Plc would succeed in taking over Britain's Spire Healthcare Group fell on Thursday after South Africa's largest private hospital group said no deal had been reached.