Reuters - Deals Today

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Monday, November 27, 2017

Meredith to buy U.S. publisher Time in Koch-backed deal

(Reuters) - U.S. media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch.

Total sells two Norwegian oilfields to Statoil for $1.45 billion

PARIS/OSLO (Reuters) - French oil and gas major Total said on Monday it had agreed to sell its stakes in two Norwegian oilfields to Statoil for $1.45 billion as it reviews its North Sea portfolio after acquiring Denmark's Maersk Oil in August.

Pearson brings in $100 million with Wall Street English sale

LONDON (Reuters) - Education group Pearson has agreed the sale of its Wall Street English (WSE) business to Baring Private Equity Asia and CITIC Capital for around $300 million, although its proceeds from the deal will be just a third of that.

Allianz plans to buy rest of Euler Hermes for $2.2 billion

FRANKFURT (Reuters) - Germany's biggest insurer Allianz plans to buy the shares in French credit insurance firm Euler Hermes it does not yet own for around 1.85 billion euros ($2.2 bln).

Cedar Realty Trust rejects offer from commercial REIT Wheeler

(Reuters) - U.S. shopping center owner Cedar Realty Trust Inc said on Monday it was rejecting an unsolicited offer from Wheeler Real Estate Investment Trust to combine the two companies.

Four funds interested in stake in Israel's Bezeq: media report

JERUSALEM (Reuters) - Four funds are interested in buying control of Bezeq Israel Telecom from holding company Eurocom, which needs to repay bank debt and whose chairman is under investigation for securities fraud, according to a media report.

China explosives maker to buy coal miner for $3.1 billion

BEIJING (Reuters) - Chinese explosives maker Anhui Leimingkehua Co Ltd said on Monday it would acquire a state-run coal miner in a $3.1 billion deal as part of the Chinese government's push to boost efficiency at state-owned enterprises.

Kirin Holdings says considering buying stake in Vietnam's Sabeco

TOKYO (Reuters) - Kirin Holdings Co is considering buying a stake in Vietnam's largest beer maker, Sabeco , a spokesman for the Japanese beer maker said on Monday.

Ping An Good Doctor readies $1 billion Hong Kong IPO: IFR

HONG KONG (Reuters) - China's most popular online medical platform, Ping An Good Doctor, is working with Citigroup and JPMorgan on an initial public offering of up to $1 billion, IFR reported.

ThyssenKrupp kicks off talks with union on steel merger

ESSEN, Germany (Reuters) - Managers and labor leaders at Germany's ThyssenKrupp have struck a conciliatory tone as they seek to resolve a dispute over job cuts resulting from a planned merger of its steel operations with those of India's Tata Steel .