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Monday, October 16, 2017

Baidu's iQiyi picks BofA, Credit Suisse, Goldman for U.S. IPO: IFR

HONG KONG (Reuters) - Baidu Inc's iQiyi, a Netflix style video streaming service in China, has picked three banks to help arrange a U.S. initial public offering (IPO) worth about $1 billion, IFR reported on Monday, citing people familiar with the plans.

Food services firm Aramark to buy Avendra, AmeriPride in $2.35 billion deal

(Reuters) - Food services company Aramark said on Monday it would buy Avendra LLC, majority owned by Marriott International Inc , and uniform and linen supplier AmeriPride Services Inc for a total of $2.35 billion, before tax benefit adjustments.

Viacom, Charter agree to extend renewal deadline: source

(Reuters) - Viacom Inc and Charter Communications Inc agreed on a short-term extension of their renewal deadline, a source familiar with the matter said, as the companies aim to avoid the immediate blackout of Viacom networks.

Exclusive: T-Mobile, Sprint aim to announce merger without asset divestitures - sources

(Reuters) - T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter.

Bombardier exploring options for aerospace businesses: Bloomberg

(Reuters) - Canadian train-and-plane maker Bombardier Inc is exploring options for its aerospace businesses, including a sale of some operations, Bloomberg reported on Sunday.

Germany's Hubject gets funding to expand in United States, China

FRANKFURT (Reuters) - Germany's Hubject, which is developing a method to map and pay at electric charging stations, has secured fresh funding from shareholders to expand into the world's leading car markets in the United States and China, it said on Monday.

BASF to buy seeds, herbicide businesses from Bayer for $7 billion

FRANKFURT (Reuters) - BASF has agreed to buy seed and herbicide businesses from Bayer for 5.9 billion euros ($7 billion) in cash, as Bayer tries to convince competition authorities to approve its planned acquisition of Monsanto .

Two Chinese firms bidding for Chicago Exchange withdraw: WSJ

(Reuters) - Two Chinese investors, vying for a piece of the Chicago Stock Exchange, withdrew in the past two weeks, after the U.S. Securities and Exchange Commission sought more details from the participants about their bid, the Wall Street Journal reported.

Saudi Aramco in stake sale talks with Chinese investor: sources

DUBAI/NEW YORK (Reuters) - Saudi Aramco is considering the sale of a stake to a Chinese investor as plans for its highly-anticipated international public offering are pushed beyond its 2018 target, sources familiar with the matter said on Friday.

Lufthansa's swoop on Air Berlin stirs competition concerns

LONDON/VIENNA (Reuters) - With the ink barely dry on Lufthansa's deal to take over large parts of insolvent Air Berlin, the airline risks having its wings clipped by regulators and rivals concerned about unfair competition.