Reuters - Deals Today

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Thursday, November 2, 2017

SoftBank secures $23.3 billion refinancing for Sprint and ARM buys

TOKYO (Reuters) - Japan's SoftBank Group Corp said on Thursday it has secured a 2.65 trillion yen ($23.3 billion) senior loan agreement to refinance the acquisition loans for U.S. telco Sprint Corp and British chip designer ARM.

Mid Europa fund to take over Polish juice maker Hortex

WARSAW (Reuters) - Private equity fund Mid Europa Partners has agreed to buy Polish juices and frozen food producer Hortex from Argan Capital to strengthen its position in the consumer goods market.

Lenovo buys controlling stake in Fujitsu PC unit; second-quarter profit drops

HONG KONG (Reuters) - Lenovo Group has agreed to buy a majority stake in Fujitsu Ltd's personal computer unit for up to $269 million, in a bid to corner a larger share of a market that is battling weak sales as more people switch to mobile devices.

Emaar Development IPO seeks up to $1.5 billion in first major Dubai listing in three years

DUBAI (Reuters) - Dubai's Emaar Properties is looking to raise as much as $1.5 billion from the sale of shares in its development unit in Dubai's first major listing since 2014.

Britain's GVC readies for deals with sale of Turkish operations

LONDON (Reuters) - British online gambling company GVC is selling its Turkish operations for up to 150 million euros ($175 million) in a deal that removes a hurdle to a potential takeover of Ladbrokes Coral or another rival.

VW says IPO of trucks business among options: Manager Magazin

FRANKFURT (Reuters) - Volkswagen could list its trucks business as a way to achieve its goal of turning the unit into a "global champion", a board member for the carmaker was quoted as saying in an interview.

Hong Kong's CK Asset to sell office tower for record $5.2 bln

HONG KONG (Reuters) - CK Asset Holdings Ltd , controlled by Hong Kong's richest man Li Ka-shing, is selling its 73-storey office tower to C.H.M.T. Peaceful Development Asia Property Ltd for HK$40.2 billion ($5.2 billion), the world's biggest ever single property sale.

WPP takes legal action in spat with Asatsu-DK over Bain's $1.3 billion offer

TOKYO (Reuters) - Advertising giant WPP said on Thursday it was taking legal action against its partner Asatsu-DK Inc , deepening an acrimonious spat over the Japanese firm's backing for a $1.3 billion buyout offer from Bain Capital.

Suntory Beverage, PepsiCo to form Thai soft drinks JV

TOKYO (Reuters) - Suntory Beverage & Food Ltd said on Thursday it has agreed to set up in Thailand a soft drink joint venture with PepsiCo Inc in March, as it looks to expand in the Southeast Asian country.

Karstadt owner Signa makes offer for Hudson's Bay's Kaufhof

(Reuters) - Saks Fifth Avenue owner Hudson's Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt, another German retail chain.