Reuters - Deals Today

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Wednesday, November 29, 2017

Exclusive: Daimler rebuffs Geely offer to buy stake; Geely still hopeful of a deal - sources

HONG KONG/BEIJING (Reuters) - Daimler AG has turned down an offer from China's Geely to take a stake of up to 5 percent via a discounted share placement, as the German automaker has long been reluctant to see existing shareholdings diluted, sources with knowledge of the talks said.

Hong Kong listing would help Aramco with huge Chinese demand for IPO: HKEX CEO

SINGAPORE (Reuters) - Hong Kong Exchanges & Clearing (HKEX) Chief Executive Charles Li said a Hong Kong listing by Saudi Aramco would help the oil giant to anchor huge Chinese demand for its planned IPO.

Lufthansa CEO to meet with EU on Air Berlin deal: source

FRANKFURT/BRUSSELS (Reuters) - Lufthansa Chief Executive Carsten Spohr is meeting with EU Competition Commissioner Margrethe Vestager on Wednesday to discuss anti-trust concerns over the German carrier's acquisition of Air Berlin assets, a person familiar with the matter told Reuters.

Bayer says antitrust reviews going into 'unimaginable depths'

DUESSELDORF, Germany (Reuters) - The antitrust review of Bayer's planned takeover of Monsanto is going into "unimaginable depths," Bayer's Chief Executive Werner Baumann said on Wednesday, but added he remained confident that the deal would be closed early next year.

BBVA sells most of real estate business to Cerberus for 4 billion euros

MADRID (Reuters) - Spain's BBVA said on Wednesday it had agreed to sell 80 percent of its real estate business to U.S. fund Cerberus for 4 billion euros ($5 billion), showing how investor enthusiasm for Spanish property is reviving.

Munich Re's Ergo drops plans to sell run-off life policies

FRANKFURT (Reuters) - Munich Re's Ergo unit has dropped plans to sell run-off life insurance policies, saying non-binding offers received by the company were too low, it said late Tuesday.

Vietnam eyes $5 billion from majority stake sale in brewer Sabeco

HO CHI MINH CITY (Reuters) - Vietnam will kick off next month the sale of a majority stake in Sabeco , the country's biggest brewer and maker of the Bia Saigon and 333 beer brands, in an ambitious deal the government hopes will rake in at least $5 billion.

AT&T and Time Warner say proposed merger is 'pro-consumer'

WASHINGTON (Reuters) - AT&T Inc and Time Warner Inc argued on Tuesday that their proposed $85.4 billion merger was "pro-competitive" and "pro-consumer", as they sought to refute U.S. Justice Department allegations that the deal breaks antitrust law.

Cineworld in talks to acquire Regal Entertainment for $3.6 billion

NEW YORK/LONDON (Reuters) - Cineworld Group Plc, a British operator of movie theaters, is in talks to acquire U.S. peer Regal Entertainment Group for approximately $3.6 billion in cash, the companies said on Tuesday.

Arby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion

(Reuters) - Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc for $2.4 billion, adding to its growing portfolio of U.S. restaurants after a bruising proxy fight over the direction of the chicken wing chain.