Reuters - Deals Today

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Monday, November 6, 2017

Broadcom offers to buy mobile chipmaker Qualcomm for $103 billion

(Reuters) - Communications chipmaker Broadcom Ltd on Monday said it offered to buy smartphone chip supplier Qualcomm Inc for $70 per share or $103 billion in cash and stock, in what would be the biggest technology acquisition ever.

Failure of U.S. deal hits Deutsche Telekom shares, growth prospects

FRANKFURT (Reuters) - Deutsche Telekom shares dropped in early Monday trading after the collapse of the merger of its T-Mobile US unit with Sprint Corp, which would have created a strong No.3 player on the U.S. market.

Rebuffed by American Airlines, Qatar Airways buys into Cathay Pacific

DUBAI/SINGAPORE (Reuters) - Qatar Airways has broadened its global reach by purchasing a 9.61 percent stake in Cathay Pacific , adding another strategic investor to the Hong Kong carrier's complicated share register at a time when it is looking to cut costs.

LSE has made strong case for Aramco listing: UK PM's spokesman

LONDON (Reuters) - The London Stock Exchange has made a "very strong case" for oil company Saudi Aramco to lists its shares in Britain, a spokesman for Prime Minister Theresa May said on Monday after President Donald Trump urged the king of Saudi Arabia to list in New York.

China's COFCO sells Latam seeds business to Syngenta

BEIJING/PARIS (Reuters) - Chinese grains trader COFCO International has agreed to sell its crop seeds business to Swiss-based Syngenta AG as it overhauls its activities following a series of major overseas acquisitions.

U.S. truck firms accelerate into the merging lane

The consolidation of the U.S. trucking industry is picking up speed, with big trucking companies and private equity funds scooping up smaller firms as a U.S. regulatory mandate is set to go into effect and as drivers push for higher wages.

UK's Aldermore agrees $1.3 billion takeover by FirstRand

LONDON (Reuters) - South African lender FirstRand has agreed a 1.1 billion pound ($1.3 billion) takeover of British banking newcomer Aldermore Group to boost its business in developed markets.

Japanese logistics firm SG Holdings IPO to raise up to $1.1 billion

TOKYO (Reuters) - Japanese logistics company SG Holdings Co said on Monday its initial public offering would raise up to 124.5 billion yen ($1.1 billion), valuing the company at about 500 billion yen.

Evergrande to raise $9.1 billion ahead of backdoor listing in China

HONG KONG (Reuters) - China Evergrande Group , the country's No.3 property developer by sales, said it would sell 60 billion yuan ($9.05 billion) worth of shares in its property assets business that is slated for a backdoor listing in Shenzhen.

Billionaire Blavatnik weighs big share purchase in Teva Pharm: reports

JERUSALEM (Reuters) - Billionaire businessman Len Blavatnik is looking to buy a significant stake in debt-ridden Israeli drugmaker Teva Pharmaceutical Industries , according to Israeli media reports.