Bhinneka News Online: Reuters Deals Today: April 17, 2017

Monday, 17 April 2017

Reuters Deals Today: April 17, 2017

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Monday, April 17, 2017

China's Ant hikes MoneyGram bid by more a third, beats rival U.S. offer

BEIJING (Reuters) - China's Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm's board, although it still faces regulatory hurdles.

U.S. telecoms industry set for M&A negotiations frenzy

(Reuters) - In 10 days, the U.S. Federal Communications Commission (FCC) will lift a ban on telecoms companies engaging in merger talks, and Wall Street is betting on T-Mobile US Inc , Sprint Corp and Dish Network Corp to be the first ones out of the gate.

Exclusive: Anbang's Fidelity & Guaranty acquisition set to fall through - sources

(Reuters) - China's Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) for $1.6 billion lapse, after failing to secure all the necessary regulatory approvals, people familiar with the matter said on Sunday.

Daewoo Shipbuilding bondholders accept bailout plan after pension fund's agreement

SEOUL (Reuters) - South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd on Monday won near unanimous approval for a debt-to-equity swap plan in the first two of five bondholder meetings, as the world's largest shipbuilder battles to stay afloat.

PPG CEO: AkzoNobel independence plan riskier than merger

AMSTERDAM (Reuters) - PPG Industries , the U.S. paint-maker that is trying to buy Dutch peer AkzoNobel for 24.6 billion euros ($26.1 billion), said on Monday that Akzo's plan to instead spin off its chemicals arm and remain independent is riskier and would create less value.

Buyout firm Leonard Green nears $1.5 billion acquisition of Charter NEX: sources

(Reuters) - U.S. buyout firm Leonard Green & Partners LP has prevailed in an auction to acquire Charter NEX Films Inc, a U.S. manufacturer of specialty films for the food and medical industries, for $1.5 billion, including debt, people familiar with the matter said.

Jared Kushner in talks to sell stake in real estate tech firm: WSJ

(Reuters) - Jared Kushner, a senior level White House official and son-in-law of President Donald Trump, is in talks to sell his stake in a real estate technology company as he attempts to pare his numerous business ties, according to a report by the Wall Street Journal.

Osram eyes acquisitions of up to $530 million: CFO in paper

BERLIN (Reuters) - German lighting company Osram is on the lookout for acquisitions worth up to 500 million euros ($530 million), although there are no specific plans for a deal as yet, its finance chief told a German newspaper.

Exclusive: Safran could lower, restructure Zodiac offer - source

PARIS (Reuters) - France's Safran is exploring plans to lower its $9 billion bid for Zodiac Aerospace and may simplify its structure amid continued turmoil at the seats maker and pressure from its own shareholders, a financial source said.

Apple considers bidding for big stake in Toshiba chip business: report

TOKYO (Reuters) - Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, Japanese public broadcaster NHK reported on Friday - the latest twist in the sale of the world's second-biggest flash memory chipmaker.