Bhinneka News Online: Reuters Deals Today: April 20, 2017

Thursday, 20 April 2017

Reuters Deals Today: April 20, 2017

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Thursday, April 20, 2017

Exclusive: Buffett likely voted shares to back Wells Fargo board

NEW YORK (Reuters) - Wells Fargo & Co's largest investor, Warren Buffett, has likely already voted his shares to support the bank's recommendations at its contentious annual shareholder meeting next week, a representative told Reuters on Wednesday, which include reinstating most of the board's directors.

BlackRock CEO Fink sees wave of M&A in asset management industry

NEW YORK (Reuters) - BlackRock Inc Chief Executive Officer Larry Fink, who runs the world's largest asset manager, on Wednesday forecast a wave of mergers and acquisitions in asset management, but said his company may be limited for now to small deals.

Exclusive: China gathers state-led consortium for Aramco IPO - sources

HONG KONG/RIYADH/DUBAI (Reuters) - China is creating a consortium, including state-owned oil giants and banks and its sovereign wealth fund, that will act as a cornerstone investor in the initial public offering of Saudi Aramco, people with knowledge of the discussions told Reuters.

Democrats urge FCC to drop plan to revise TV ownership rules

WASHINGTON (Reuters) - The top Democrat in the U.S. House of Representatives on Wednesday urged the Federal Communications Commission to cancel a vote scheduled for Thursday on a measure to reverse a 2016 rule that limits the number of television stations some broadcasters can buy.

Japan's Sawai buys U.S. firm Upsher-Smith's generic drugs unit for $1.1 billion

TOKYO (Reuters) - Japan's Sawai Pharmaceutical Co Ltd is buying the generic drug business of U.S. drug maker Upsher-Smith Laboratories Inc for $1.05 billion, marking the Osaka-based generic drugmaker's first overseas acquisition.

PPG dismisses Akzo Nobel defense, presses takeover case

AMSTERDAM (Reuters) - Pittsburgh-based PPG Industries dismissed proposals put forward by Dutch paintmaker Akzo Nobel on Wednesday to fend off its takeover bid and won support from activist hedge fund Elliott Advisors.

China's Bitauto unit raises $1 bln from internet giants Tencent, Baidu

SHANGHAI (Reuters) - Bitauto Holdings Ltd has raised around $1 billion from Tencent Holdings Ltd , Baidu Inc and JD.com Inc to date as it seeks to develop China's largest online car financing platform, its chief told Reuters on Thursday.

Britain to sell Green Investment Bank to Macquarie in 2.3 billion pounds deal

LONDON (Reuters) - The British government said on Thursday it will sell the Green Investment Bank (GIB) to Macquarie Bank [MBL.UL] in a deal worth 2.3 billion pounds ($3 billion).

KKR-led group ups ante in bidding war for Australia's Tatts lotto

SYDNEY (Reuters) - A group backed by private equity firm KKR & Co on Wednesday said it had made a revised A$6.15 billion ($4.65 billion) offer for Australia's biggest lottery operator Tatts Group Ltd , upping the ante in a bidding war against Tabcorp Holdings Ltd .

China's LeEco plans sale of $420 million Beijing real estate: sources

TAIPEI/HONG KONG (Reuters) - Chinese tech conglomerate LeEco is in talks to sell a prized property asset in the heart of Beijing it acquired in a $420 million deal last year, the latest effort by the electric car-to-smartphone behemoth to raise funds amid a severe cash crunch.