Reuters - Deals Today

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Tuesday, October 3, 2017

Toshiba buying back 10 percent stake in Westinghouse unit for $522 million

TOKYO (Reuters) - Japan's Toshiba Corp said on Thursday it is buying back a 10 percent stake in Westinghouse Electric Co from minority shareholder Kazatomprom for 59 billion yen ($522 million), taking full ownership of the bankrupt U.S. unit.

Wal-Mart buys delivery logistics startup Parcel

(Reuters) - Wal-Mart Stores Inc said on Tuesday, it has acquired Parcel Inc, a New York-based last-mile delivery startup, as the retailer seeks to better compete with e-commerce giant Amazon.com Inc .

CEFC's Rosneft deal driven by national strategy: chairman

BEIJING (Reuters) - CEFC China Energy's $9.1 billion purchase of a stake in Russia's Rosneft Oil was mainly driven by China's Belt and Road Initiative and has strong support from the government, Ye Jianming, the company's founder said.

Investcorp eyes businesses linked to Aramco, Saudi healthcare

ABU DHABI (Reuters) - Bahrain-listed Investcorp aims to invest in companies that support oil giant Saudi Aramco and is also eyeing healthcare and education assets being sold in Saudi Arabia's privatization drive, its executive chairman said.

Adecco buys career transition firm Mullin

ZURICH (Reuters) - Adecco , the world's biggest staffing group, has acquired privately held outplacement firm Mullin International, the Swiss company said on Tuesday, providing no financial terms.

Monarch Alternative Capital sees 30 percent upside for Toshiba shares

TEL AVIV (Reuters) - Monarch Alternative Capital recommended buying Japan's Toshiba Corp , saying the company's shares have at least a 30 percent upside.

OTC snaps up rival Oil Brokerage as consolidation heats up

LONDON (Reuters) - Commodities broker OTC Europe has agreed to purchase rival Oil Brokerage in the latest consolidation in a sector squeezed by rising competition and smaller margins.

Natixis buys majority stake in Australia's Investors Mutual

PARIS (Reuters) - French bank Natixis has agreed to buy a majority stake in Australian fund management company Investors Mutual Limited for around A$155 million ($121 million), as part of its plans to expand in the Asian region.

Refresco receives new 1.6 billion euro offer from PAI; shares jump

AMSTERDAM (Reuters) - Dutch juice bottling company Refresco has received a new 1.6 billion euro ($1.9 billion) buyout offer from French private equity firm PAI Partners.

Takata says $1.6 billion KSS deal to be signed in within two weeks

WILMINGTON, Del. (Reuters) - Key Safety Systems has agreed to terms on the $1.6 billion purchase of assets of Takata Corp , stricken by a recall of its faulty vehicle air bags, and final documents will be signed in less than two weeks, a lawyer for Takata's U.S. unit said on Monday.