Reuters Deals Today: May 29, 2017

Click to View in Browser Monday, May 29, 2017 China Tower invites banks to pitch for role in up to $10 billion HK IPO: IFR HONG KONG (Reuters) - China Tower Corp, which owns and manages the mobile phone towers for China's three state-owned telecom operators, has invited investment banks to pitch for a role in a Hong Kong IPO worth up to $10 billion, IFR reported on Monday. Warren Buffett takes 3 percent stake in Germany's Lanxess FRANKFURT (Reuters) - Lanxess disclosed on Monday that Berkshire Hathaway , the conglomerate run by billionaire Warren Buffett, had acquired a 3 percent stake in the German chemicals maker. Saudi's Alawwal Bank picks JPMorgan to advise on merger -sources DUBAI (Reuters) - Saudi Arabian lender Alawwal Bank , 40 percent owned by Royal Bank of Scotland , has picked JPMorgan to advise it on a proposed merger with Saudi British Bank (SABB), sources familiar with the matter told Reuters on Monday. Western Digital may join Japan-KKR group for Toshiba chip unit bid: sources TOKYO (Reuters) - Western Digital Corp may join a consortium of Japanese government money and KKR & Co LP to bid for Toshiba Corp's chip unit, backing away from an earlier demand for an immediate majority stake, two sources familiar with the matter said. China's Lianhua Supermarket says Alibaba takes 18 pct stake HONG KONG (Reuters) - China's Lianhua Supermarket Holdings Co Ltd on Monday said shareholder Shanghai Yiguo E-Commerce Co Ltd would sell an 18 percent stake in supermarket chain operator to a unit of Alibaba Group Holding Ltd . In Aramco IPO pitch, Canada plays up its natural resources expertise ((This May 26th story corrects paragraph 12 to show Falih was speaking at news conference not to Reuters and adds comment on listing)) Acquisitions accelerate as tech giants seek to build AI smarts SAN FRANCISCO (Reuters) - A total of 34 artificial intelligence startups were acquired in the first quarter of this year, more than twice the amount of activity in the year-ago quarter, according to the research firm CB Insights. Sherwin-Williams wins U.S. antitrust approval to buy Valspar: FTC WASHINGTON (Reuters) - Paint-maker Sherwin-Williams has won U.S. antitrust approval to buy U.S. rival Valspar Corp , the Federal Trade Commission said on Friday. Linde board to vote on Praxair merger on June 1: sources MUNICH (Reuters) - German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday. PepsiCo in bid to acquire Vita Coco owner: sources (Reuters) - Soft drink maker PepsiCo Inc is in talks to acquire All Market Inc, the owner of coconut water brand Vita Coco, whose celebrity investors include Madonna and Matthew McConaughey, people familiar with the matter said on Friday. Related Video Uber CEO's mother killed in boating accident Higher pay in May, or some other day? 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