Reuters Deals Today: July 3, 2017

Click to View in Browser Monday, July 3, 2017 France's Danone to sell Stonyfield to Lactalis for $875 million PARIS (Reuters) - French food group Danone has agreed to sell its U.S dairy business Stonyfield to Lactalis for $875 million, a move designed to address competition concerns stemming from its acquisition of U.S. organic food group WhiteWave. SK Hynix convertible bond proposal clouds prospects for Toshiba chip deal SEOUL/TOKYO (Reuters) - SK Hynix Inc has proposed that its financing for a consortium picked as preferred bidder for Toshiba Corp's chip unit be done via convertible bonds, two sources said, providing it with a path towards an equity interest in the world's No.2 NAND chip maker. Red Ventures to acquire Bankrate for $1.24 billion (Reuters) - Bankrate , an operator of websites comparing personal finance packages, said it would be acquired by marketing company Red Ventures for $1.24 billion. Australia's Ten Network secures Murdoch, Packer funding until end-August SYDNEY (Reuters) - Australia's Ten Network Holdings said on Monday that three media magnates have put up A$30 million ($23 million) to keep it running until the end of August while the television broadcaster looks to secure a deal with a buyer. Smart meter maker Landis+Gyr plans IPO, sale still an option ZURICH (Reuters) - Swiss smart meter maker Landis+Gyr plans an initial public offering (IPO) in the third quarter as its owner, Japanese conglomerate Toshiba, scrambles to raise funds to cover losses at bankrupt U.S. nuclear unit Westinghouse. Visa and Mastercard potential suitors for Denmark's Nets: analysts (Reuters) - Visa and Mastercard are both seen as suitors for Danish card payment services company Nets A/S , which confirmed over the weekend it had been approached by potential buyers. Idemitsu to issue new shares, diluting founding family stake TOKYO (Reuters) - Japan's Idemitsu Kosan Co plans to issue new shares to raise $1.2 billion, diluting a stake held by its founding family that is locked in a fierce battle with the management over the latter's plan to merge with a smaller rival. Knorr-Bremse offers to sell assets to win EU approval for Haldex bid BRUSSELS - German car parts maker Knorr-Bremse [STELLG.UL] has offered to sell assets, among other concessions, in an effort to win EU antitrust approval for its proposed takeover of Sweden's Haldex , which no longer supports the deal. El Al Airlines in deal to buy low-cost rival Israir JERUSALEM (Reuters) - Flag carrier El Al Israel Airlines said on Monday its Sun d'Or unit agreed to buy smaller low-cost rival Israir from IDB Tourism. ABB buys German communications business to boost Power Grids ZURICH (Reuters) - Electrical products maker ABB said on Monday it had bought a communications networks business from Germany's Keymile for an undisclosed price to beef up its Power Grids division that investors had once demanded be sold. Related Video Weekahead: summit's up in Hamburg U.S. dollar suffers worst slump since 2010 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