Reuters - Deals Today

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Tuesday, September 26, 2017

Western Digital to seek injunction to block Toshiba's $18 billion chip unit sale

TOKYO (Reuters) - Western Digital Corp said on Tuesday it will seek an injunction to block the sale of Toshiba Corp's prized semiconductor business to a rival group, upping the ante in an acrimonious battle with its chip venture partner.

China's iQiyi considers U.S. listing as early as 2018: source

HONG KONG/BEIJING (Reuters) - Baidu Inc's video streaming service iQiyi, a Chinese-style Netflix , is eyeing a potential initial public offering in the United States as early as next year, a person with direct knowledge of the plans said on Tuesday. The listing could value the company at between $8 billion and $10 billion, Bloomberg reported earlier, citing two people familiar with the matter.

UBS CEO sees room for banking M&A in Italy and Europe

MILAN (Reuters) - There is room for consolidation in the banking sector both in Italy and in Europe, UBS Chief Executive Sergio Ermotti said on Tuesday, adding political and regulatory authorities would support the process.

Alstom and Siemens rail deal runs into French political concerns

MUNICH/PARIS (Reuters) - French politicians voiced concerns on Tuesday that a planned multibillion dollar merger of the rail assets of Alstom and Siemens could give the German company the upper hand.

Veteran Silicon Valley venture capital firm raises $1.5 billion fund

SAN FRANCISCO (Reuters) - Silicon Valley venture capital firm IVP on Tuesday announced the close of a $1.5 billion fund, the latest in a string of massive new venture funds that are appearing as global investors scramble for a piece of the tech boom.

Louis Dreyfus shareholders agree to arbitration over stake sale: sources

AMSTERDAM/PARIS (Reuters) - Family shareholders of commodity trader Louis Dreyfus [AKIRAU.UL] have agreed to arbitration talks to settle a long-running dispute over a share sale, sources familiar with the matter have told Reuters.

Fortum CEO rules out forced layoffs at Uniper in case of deal: WAZ

FRANKFURT (Reuters) - Finnish energy group Fortum ruled out forced layoffs at Uniper in case of a successful acquisition of E.ON's 46.65 percent stake in the group, its chief executive told a German newspaper.

High-flying HNA Group comes back to earth as scrutiny hits dealmaking

BEIJING (Reuters) - HNA Group, the high-flying Chinese conglomerate caught in the cross-sights of Beijing, has hit turbulence as deals stall and scrutiny of its finances and shareholding structure intensifies.

Allergan boosts shares with $2 billion buyback

(Reuters) - U.S. drugmaker Allergan Plc on Monday authorized a $2 billion buyback of its common stock, sending its shares up after a week of disappointing news on its drug development pipeline.

ABB buys GE business for $2.6 billion in bet it can boost margins

ZURICH (Reuters) - Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion in a bet it can improve the division's lackluster margins over the next five years, the Swiss engineering company said on Monday.