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Friday, November 3, 2017

T-Mobile and Sprint work to save merger talks: WSJ

FRANKFURT (Reuters) - T-Mobile US and Sprint are working to salvage their $74 billion merger and could reach a deal within weeks, the Wall Street Journal reported, citing people familiar with the matter.

Malaysia's Petronas, Aramco to finalize RAPID deal after resolving 'technical issues': Bernama

KUALA LUMPUR (Reuters) - Malaysian state energy company Petronas and Aramco are facing "technical issues" in finalizing the Saudi oil major's $7 billion investment in a refinery project, but the deal will be completed soon, state news agency Bernama reported on Friday.

Nestle buys Chameleon Cold-Brew coffee business

LONDON (Reuters) - Nestle announced its second small coffee acquisition in as many months on Friday, buying Texas-based Chameleon Cold-Brew as it seeks to bolster its world-leading coffee business.

Russia's En+ prices IPO at $14 per GDR, valued at $8 billion

MOSCOW (Reuters) - Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminum and hydropower businesses, priced its global depositary receipts at $14 in an initial public offering (IPO) on Friday, at the lower end of its guided range.

Leonard Green to acquire UK's Pure Gym from CCMP: statement

LONDON (Reuters) - U.S. private equity firm Leonard Green and Partners is set to acquire a controlling stake in British gym operator Pure Gym from CCMP Capital Advisors, the firms said in a statement on Friday

Exclusive: Hong Kong's SenseTime eyes world's top AI fundraising with $500 million goal - sources

HONG KONG (Reuters) - Chinese private equity backed artificial intelligence (AI) company SenseTime Group plans to raise about $500 million in a new funding round, people familiar with the move said, in what would be the biggest ever such fundraising by an AI startup.

London IPO market hit as Arqiva and Bakkavor pull floats

LONDON (Reuters) - Broadcasting masts group Arqiva and ready meals supplier Bakkavor abandoned plans to launch two of the biggest floats in London this year on Friday, dealing a blow to Britain's market for initial public offerings (IPO).

Renault rallies after France reduces stake

PARIS (Reuters) - Shares in Renault rose on Friday after France pared back its holding to the 15 percent level that preceded a 2015 power struggle with the carmaker's CEO Carlos Ghosn, removing a residual irritant in their relationship.

Ready meals firm Bakkavor shelves plans to list in London

LONDON (Reuters) - Ready meals supplier Bakkavor has canceled its planned initial public offering in London, blaming volatile market conditions.

China issues draft guidelines on overseas investment amid crackdown on deals

BEIJING (Reuters) - China's state planner issued draft guidelines on Friday for its companies investing overseas, streamlining approval processes for deals while raising oversight for projects in sensitive sectors and countries, the government said.