Thursday 27 April 2017

Reuters Deals Today: April 27, 2017

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Thursday, April 27, 2017
Investors eye Elliott's Plan B as BHP shake-up push falters
LONDON/SYDNEY (Reuters) - Two weeks after Elliott Management's surprise assault on BHP Billiton, the fund manager's three-point demand for change is gaining little traction with investors, prompting expectations a second strike is imminent.
Italy's Atlantia taps pool of banks to finance Abertis' bid: sources
LONDON (Reuters) - Italian toll-road operator Atlantia has tapped a consortium of banks to finance an upcoming cash-and-share bid for Spanish rival Abertis , sources close to the matter told Reuters, as it seeks to create an industry giant with a market value of more than 35 billion euros ($38.17 billion).
Didi seeks $6 billion funding, to become China's second-most valuable private firm
HONG KONG/BEIJING (Reuters) - Didi Chuxing, China's top ride-hailing firm, is set to become the country's second-most valuable privately owned company, with a valuation of more than $50 billion, through a fund raising round of up to $6 billion, sources said on Thursday.
Lufthansa CFO says not interested in buying Alitalia
BERLIN (Reuters) - Lufthansa said it was not interested in buying Italian rival Alitalia, whose future is unclear after workers this week ruled out a rescue plan.
Shares in Japan's Takata suspended after report on bankruptcy plan
TOKYO (Reuters) - Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its liabilities.
Zodiac faces growing investor uncertainty over Safran offer
PARIS (Reuters) - Uncertainty is growing over a $9 billion offer for aircraft seats maker Zodiac Aerospace by French aerospace firm Safran as the embattled target company puts finishing touches to delayed first-half earnings now due on Friday.
Japan finance minister to meet Japan Post CEO over Toll writedown: source
TOKYO (Reuters) - Japan's finance minister will meet the chief executive of Japan Post Holdings Co in the coming days over the state-controlled company's shock $3.6 billion writedown on its Australian logistics arm, Toll Holdings Ltd, a source said.
Exclusive: VW eyes possible sale of motorbike brand Ducati - sources
FRANKFURT (Reuters) - Volkswagen is considering a possible sale of Italian motorcycle maker Ducati as Europe's largest carmaker streamlines operations to help fund a strategic overhaul following its emissions scandal, two people familiar with the matter said.
Credit Suisse seeks capital security with $4 billion cash call
ZURICH (Reuters) - Credit Suisse has ditched plans to raise money by listing part of its Swiss business and will instead sell new shares worth about 4 billion Swiss francs ($4 billion) to get its financial strength back on a par with rivals.
China banks miss out on U.S. investment banking bonanza
NEW YORK (Reuters) - As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent - Chinese banks.
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