Friday, 19 May 2017

Reuters Deals Today: May 19, 2017

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Friday, May 19, 2017
Bain, KKR, Broadcom among suitors lining up for Toshiba's chips business
TOKYO (Reuters) - Suitors including private equity firms KKR & Co LP, Bain Capital and U.S. chip maker Broadcom Ltd are lining up for Toshiba Corp's semiconductor business, sources familiar with matter said ahead of a deadline for second-round offers on Friday.
Starwood looks to sell French crystal maker Baccarat: report
PARIS (Reuters) - U.S investment firm Starwood Capital has put French crystal maker Baccarat up for sale and the best offer so far has come from a Chinese group, French daily L'Agefi said on Friday, citing several sources.
TPG commits to editorial independence if it wins Fairfax Media bidding war
MELBOURNE (Reuters) - U.S. buyout firm TPG Capital Management on Friday said it would make a commitment to editorial independence if it succeeds in its A$2.76 billion ($2.05 billion) offer for Australia's oldest newspaper publisher, Fairfax Media Ltd .
T-Mobile sees benefits in merger with Sprint: CFO
NEW YORK (Reuters) - T-Mobile US Inc would benefit from greater scale in the industry if it were to combine with rival Sprint Corp , the chief financial officer of the No. 3 wireless carrier said at a conference on Thursday.
Pallinghurst makes unsolicited offer for remaining stake in Gemfields
(Reuters) - Mining group Pallinghurst Resources Ltd , the largest shareholder of precious stones miner Gemfields Plc , on Friday offered to buy out the remaining 52.91 percent it does not already own for about 111.9 million pounds ($145.2 million).
RWE, Engie studying tie-up over Innogy: banking sources
FRANKFURT/PARIS (Reuters) - Germany's RWE and France's Engie are studying with their investment banks alliance options, one of which would involve RWE swapping part or all of its majority stake in renewables and grids firm Innogy for a minority stake in Engie, four investment banking sources said.
Lowe's to buy maintenance supplies retailer for $512 million
(Reuters) - U.S. home improvement retailer Lowe's Cos Inc said it would buy Maintenance Supply Headquarters, a wholesale retailer of maintenance supplies, for $512 million, as it seeks to sell more to construction contractors.
Investors join Elliott in case against Akzo Nobel
AMSTERDAM (Reuters) - Six Akzo Nobel investors have filed to participate or speak in a case against the company's boards being heard next week at an Amsterdam court, a court statement showed.
Hapag-UASC tie-up nears completion as funding snags overcome: sources
LONDON/FRANKFURT (Reuters) - German shipping line Hapag Lloyd is close to completing a merger with United Arab Shipping Company (UASC) after UASC's shareholders agreed terms to repay outstanding debts, sources familiar with the talks told Reuters.
German watchdog starts routine probe into allegations against Grammer
FRANKFURT (Reuters) - German financial watchdog Bafin will launch a routine investigation of market manipulation allegations against auto supplier Grammer , a spokeswoman for Bafin said in an e-mailed statement on Friday.
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