Reuters - Deals Today

Click to View in Browser

Wednesday, October 18, 2017

ACS's Hochtief set to make bid for Abertis on Wednesday: sources

DUESSELDORF/MILAN (Reuters) - German construction group Hochtief , controlled by Spain's ACS , is holding a supervisory board meeting on Wednesday morning to discuss and likely give the go-ahead for a takeover bid for toll road operator Abertis , people close to the matter told Reuters.

Kobe Steel to hold bidding for real estate unit on Friday: Bloomberg

TOKYO (Reuters) - Japanese steelmaker Kobe Steel Ltd , embroiled in a data falsification scandal that has roiled global supply chains, will hold a first round of bidding on Friday in the planned sale of a real estate unit, Bloomberg News reported on Wednesday.

U.S. insurer Assurant to buy Warranty Group for $1.9 billion

(Reuters) - U.S. insurer Assurant Inc said on Wednesday it would buy Warranty Group for $1.9 billion, as it looks to offer vehicle protection services and expand in the Asia-Pacific region.

Bain defends Asatsu-DK bid as shareholder opposition grows

HONG KONG/TOKYO (Reuters) - Bain Capital defended its $1.35 billion offer to buy Asatsu-DK Inc on Wednesday as shareholder opposition to the deal grew, saying the offer is "fully priced".

Reckitt to restructure after sales growth evaporates

LONDON (Reuters) - Reckitt Benckiser has decided to split its business into two units - consumer healthcare and home and hygiene products - the British consumer goods company said on Wednesday, after warning that there would be no growth in sales this year.

Harvey Weinstein resigns from Weinstein Co board

LOS ANGELES (Reuters) - Harvey Weinstein has resigned from the board of The Weinstein Company, it said on Tuesday, as he faces allegations that he sexually harassed or assaulted a number of women over three decades in the film business.

Shanghai Pharma says bid for U.S. Cardinal Health's China business

HONG KONG (Reuters) - Shanghai Pharmaceuticals Holding Co said it has bid for Cardinal Health Inc's China business, as the U.S. drug distributor looks to exit over worries China's upcoming drug distribution reform could slow its growth.

Australia's competition watchdog to review Accor's planned buyout of Mantra

SYDNEY (Reuters) - Australia's competition regulator said on Wednesday it will review French hotelier Accor SA's planned $920 million buyout of Australian hotel operator Mantra Group Ltd .

Lone Star takes charge of Portugal's state-rescued Novo Banco

LISBON (Reuters) - U.S. private equity firm Lone Star signed on Wednesday the definitive agreement with Portugal's bank resolution fund, giving it a 75 percent stake in state-rescued lender Novo Banco and putting an end to a near three-year sale process.

Qudian raises $900 mln in biggest U.S. listing by a Chinese fintech firm

(Reuters) - Chinese online micro-credit provider Qudian Inc said it raised about $900 million in an IPO that priced above expectations, underscoring robust U.S. investor demand for fast-growing Chinese companies.