Reuters - Deals Today

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Friday, October 6, 2017

Summit Materials makes $3.8 billion bid for Ash Grove Cement: source

LONDON (Reuters) - U.S. cement maker Summit Materials has made a $3.8 billion offer for rival Ash Grove Cement , a source familiar with the matter told Reuters, hoping to trump an earlier takeover bid from Irish building materials firm CRH Plc .

China approves HP's $1.1 billion buy of Samsung's printer business with curbs

BEIJING (Reuters) - China said on Thursday it has approved HP Inc's $1.1 billion purchase of Samsung Electronics' printer business with certain restrictions, citing concerns about the U.S. firm's dominance of the domestic laser printer market.

Doubts growing whether Clariant can seal Huntsman deal

FRANKFURT/LONDON (Reuters) - Doubts are growing among Clariant investors whether the Swiss chemicals maker will be able to drive through a $20 billion merger with Huntsman Corp in the face of opposition from an activist investor.

Switch IPO the latest to limit investor voting rights

SAN FRANCISCO (Reuters) - When data center operator Switch Inc goes public on Friday it will be the latest tech firm using special shares to limit the rights of minority investors, making it ineligible for inclusion in the S&P 500 under new rules meant to deter such practices.

Bain Capital aims to list Toshiba chip unit in three years

TOKYO (Reuters) - U.S. private equity firm Bain Capital LP on Thursday said it aims to list Toshiba Corp's chip unit on the Tokyo Stock Exchange within three years, to cash in its investment after leading an $18 billion acquisition of the business.

Glencore to buy Chevron South Africa stake, Chevron Botswana

LONDON (Reuters) - Glencore agreed to buy a 75 percent stake in Chevron's South Africa unit and all of Chevron Botswana for a combined $973 million, the miner and commodities trader said on Friday.

Mystery rival bid exceeds CRH offer for Ash Grove Cement

DUBLIN (Reuters) - U.S. cement maker Ash Grove Cement Co said it had received a takeover proposal valued at up to $3.8 billion, surpassing an earlier offer from Irish building materials firm CRH Plc .

Czech Travel Service buying Czech Airlines stakes from Korean Air, government: Czech TV

PRAGUE (Reuters) - Czech airline Travel Service, co-owned by China's CEFC, has agreed to buy Korean Air's and the Czech government's stakes in Czech national flag carrier Czech Airlines (CSA) to take nearly full ownership in the firm, Czech Television reported.

Switch Inc's IPO prices at $17 per share

(Reuters) - Switch Inc raised about $531.3 million from its initial public offering which was priced at $17 per share, making the data-center operator the second-largest U.S. technology listing this year.

Thyssenkrupp unions fear loss of rights in Tata deal structure

BERLIN (Reuters) - Labor bosses at Germany's Thyssenkrupp said workers' legal say in strategic decisions at the corporate level could be diluted in the planned holding structure for the new venture with India's Tata Steel .