Reuters Deals Today: April 18, 2017

Click to View in Browser Tuesday, April 18, 2017 FGL terminates takeover deal by Chinese insurer Anbang SHANGHAI - U.S. annuities and life insurer Fidelity & Guaranty Life (FGL) said on Tuesday it has terminated its agreement to be acquired by Anbang Insurance Group Co Ltd [ANBANG.UL], becoming the latest deal involving the Chinese insurer to have fallen through in recent years. INCJ looking at Toshiba chip unit auction; didn't bid in first round TOKYO (Reuters) - The state-backed fund Innovation Network Corp of Japan is looking at the auction of Toshiba Corp's chip unit but did not participate in first-round bidding, INCJ Chairman Toshiyuki Shiga said on Tuesday. South Korea's Daewoo Shipbuilding unlocks $2.6 billion bailout after bondholder approval SEOUL (Reuters) - South Korea's Daewoo Shipbuilding & Marine Engineering Co Ltd has won near unanimous agreement from bondholders to swap their debt for equity, meeting a condition that unlocks a $2.6 billion bank bailout for the world's biggest shipbuilder. Fukoku Life plans to invest $4.59 billion in higher-yielding assets over next five years TOKYO (Reuters) - Fukoku Mutual Life Insurance plans to invest 500 billion yen ($4.59 billion) in higher-yielding assets over the next five years as global bond yields stay low, a senior company official said on Tuesday. South Africa's Sibanye to raise $1 billion in equity for Stillwater deal JOHANNESBURG (Reuters) - South African miner Sibanye Gold plans to tap shareholders for about $1 billion to partly fund a takeover of U.S.-based Stillwater Mining Co , it said on Tuesday, a day after the deal secured a U.S. regulatory approval. Vietnam beer giant Sabeco says state divestment plan submitted HO CHI MINH CITY (Reuters) - Vietnam's trade ministry has submitted a plan for the divestment of the government's majority stake in Sabeco , the company's CEO said on Tuesday, moving the country's largest brewer one step closer to a long-awaited privatization. Cardinal Health to buy Medtronic units for $6.1 bln (Reuters) - U.S. drug distributor Cardinal Health Inc said on Tuesday it would buy medical device maker Medtronic Plc's medical supplies businesses for $6.1 billion in cash. U.S. Post Holdings tucks into British breakfast cereal Weetabix LONDON/SHANGHAI/NEW YORK (Reuters) - U.S. company Post Holdings is buying Weetabix from China's Bright Food Group Co Ltd [SHMNGA.UL] for 1.4 billion pounds ($1.8 billion), putting the British breakfast favorite back into the hands of a cereal company. FCC approves Time Warner sale of Atlanta TV station WASHINGTON (Reuters) - The U.S. Federal Communications Commission said on Monday it approved Time Warner Inc's sale of a broadcast station in Atlanta to Meredith Corp , a transaction that could help speed Time Warner's planned merger with AT&T Inc . Bass Pro lowers price for Cabela's under new merger terms (Reuters) - Cabela's Inc said it agreed to be bought by fellow outdoor goods retailer Bass Pro Shops for a lower price than agreed, and that it would sell its bank unit in a two-step deal as it seeks regulatory clearance for the transactions. Related Video Shipper holds Venezuela oil cargo ransom in Caribbean Wall Street rallies Related News Wall St. pulls back from record; utilities slump U.S. consumer confidence rises in December Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook