Bhinneka News Online: Reuters Deals Today: March 15, 2017

Wednesday, 15 March 2017

Reuters Deals Today: March 15, 2017

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Wednesday, March 15, 2017

Toshiba shares slide as crisis deepens, fate of Westinghouse unclear

TOKYO (Reuters) - Shares in Toshiba Corp tumbled on Wednesday after it said it would consider a sale of Westinghouse but did not offer any clarity on whether it would proceed with a Chapter 11 filing for the U.S. nuclear unit - a move that could stem losses.

Utility Engie not interested in Innogy and not seeking transformative deal

PARIS (Reuters) - Engie has no plans to put in place a major transformative deal and has no interest in taking a minority stake in German grids and renewables group Innogy , Engie chief executive Isabelle Kocher said on Wednesday.

Unilever review covers costs, deals, balance sheet: FT

LONDON (Reuters) - Unilever is considering returning cash to shareholders, making medium-sized acquisitions and more aggressive cost cuts as part of its business review, the Financial Times reported.

Safran chairman should be removed if Zodiac deal not canceled: TCI

PARIS (Reuters) - Hedge fund TCI called on Wednesday for the chairman of Safran to be removed from his position unless he canceled Safran's planned takeover of struggling peer Zodiac Aerospace .

Debt-laden Neiman Marcus says exploring options, including sale

(Reuters) - Luxury fashion retailer Neiman Marcus Group said on Tuesday that it was exploring options, including changes to its capital structure or a sale, as it seeks relief from a swelling debt load amid renewed buyout interest from Hudson's Bay Co .

Safran says will take account of Zodiac forecasts in takeover talks

PARIS (Reuters) - Safran reaffirmed its interest in taking over aircraft parts manufacturer Zodiac on Tuesday but said it would incorporate "the consequences" of Zodiac's new financial forecasts into the discussions.

Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram

(Reuters) - U.S. electronic payments company Euronet Worldwide Inc launched a $1 billion bid for rival MoneyGram International Inc on Tuesday, arguing that its all-American deal would face less regulatory scrutiny than a lower bid by China's Ant Financial Services Group.

Buyout groups confirm Stada bids, secure funding: sources

FRANKFURT (Reuters) - The two private equity consortia vying for Stada have made binding takeover offers each worth 4.7 billion euros ($5.0 billion) including debt, paving the way for a deeper look into the German generic drugmaker's books, several people familiar with the matter said.

Spain gives green light to merger of state-owned Bankia and BNM

MADRID (Reuters) - Spain's bank bailout fund told nationalized lenders Bankia and Banco Mare Nostrum (BMN) on Wednesday to begin a merger process which it said was best option to recover public aid pumped in to the struggling banks.

Italian fashion group Valentino not expected to list in 2017: source

MILAN (Reuters) - Italian fashion house Valentino is not expected to launch its long-awaited listing this year, a source close to the matter told Reuters on Wednesday.