Tuesday 31 October 2017

Reuters Deals Today: October 31, 2017

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Tuesday, October 31, 2017
SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: sources
(Reuters) - SoftBank Group Corp and Deutsche Telekom AG have reached an impasse in their talks to merge Sprint Corp and T-Mobile US Inc, sources said, sending shares in the Japanese Internet giant sliding.
Japan's Kirin cashes out of Amgen drug joint venture
TOKYO (Reuters) - Japan's Kirin Holdings Co Ltd said on Tuesday it would sell its share in a pharmaceutical research joint venture with California-based drugmaker Amgen Inc for $780 million.
China-backed buyout fund founder charged in U.S. insider trading case
SAN FRANCISCO (Reuters) - The founder of a private equity firm with Chinese state backing has been charged with insider trading related to the attempted acquisition of Lattice Semiconductor Corp , U.S. authorities said on Monday.
Hormel to buy premium deli meat, salami maker for $850 million
(Reuters) - Spam meat maker Hormel Foods Corp said on Tuesday it would buy deli meat and salami maker Columbus Manufacturing Inc for about $850 million, pulling off its biggest acquisition that will expand its line of products in grocery stores.
Exclusive: Engie, Pátria among groups vying for Petrobras Brazil gas pipeline
SAO PAULO (Reuters) - French energy company Engie SA and Brazilian investment firm Pátria Investimentos Ltda are among 20 groups interested in a controlling stake in a gas pipeline network owned by Petroleo Brasileiro SA, four people with knowledge of the matter said.
AirAsia to sell more stakes in non-flying businesses to fund dividends
SINGAPORE (Reuters) - AirAsia Bhd on Tuesday said it plans to sell more stakes in non-flying businesses to fund special dividends to shareholders, after announcing a new ground handling joint venture (JV) with Singapore's SATS Ltd .
Exclusive: China's CDH, SenseTime raising about $450 million AI fund - sources
HONG KONG (Reuters) - China's CDH Investments and Hong Kong-based start-up SenseTime Group are raising about 3 billion yuan ($453 million) to invest in firms working on artificial intelligence (AI) technology, two sources with knowledge of the matter told Reuters.
Telia sells remaining Megafon stake to Gazprombank for $1 billion
STOCKHOLM (Reuters) - Nordic telecom operator Telia Company is selling its remaining 19 percent stake in Russia's Megafon to Gazprombank for around 8.6 billion Swedish crowns ($1.03 billion), it said on Tuesday.
New Akzo Nobel boss pursues $30 billion deal with Axalta
AMSTERDAM/FRANKFURT (Reuters) - Dutch paints maker Akzo Nobel, seeking to recover after rejecting a takeover offer and issuing two profit warnings, is discussing a merger with smaller U.S. rival Axalta Coating Systems Ltd to create a $30 billion company.
U.S. regulator approves CenturyLink's $24 billion Level 3 acquisition
WASHINGTON (Reuters) - Telecommunications provider CenturyLink Inc on Monday won anti-trust approval from the U.S. Federal Communications Commission for its purchase of Level 3 Communications Inc , the agency said.
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