Bhinneka News Online: Reuters Deals Today: July 31, 2017

Monday, 31 July 2017

Reuters Deals Today: July 31, 2017

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Monday, July 31, 2017

Discovery to acquire Scripps Networks Interactive

NEW YORK (Reuters) - Discovery Communications Inc is acquiring Scripps Networks Interactive for $14.6 billion in a deal that is expected to boost the combined company's negotiating leverage with pay TV operators at a time when more people watch video online, the companies said on Monday.

Charter Communications says 'no interest' in buying Sprint

(Reuters) - U.S. cable operator Charter Communications Inc said on Sunday it was not interested in acquiring U.S. wireless carrier Sprint Corp, leaving the latter's majority owner, SoftBank Group Corp, pondering how to orchestrate a merger.

LabCorp to expand oncology offerings with $1.2 billion Chiltern buy

(Reuters) - Diagnostics company Laboratory Corp of America Holdings said on Monday it would buy privately owned contract research organization (CRO) Chiltern International Ltd for nearly $1.2 billion in cash to expand its oncology offerings.

Clariant hires Goldman to fend off activist in Huntsman merger

FRANKFURT/ZURICH (Reuters) - Specialty chemicals group Clariant said it has hired Goldman Sachs as an additional advisor to help stave off an activist investor's campaign to derail its planned merger with U.S. peer Huntsman .

Fosun's Guo says backs China crackdown on overseas deals

SHANGHAI (Reuters) - One of China's richest men and most active global dealmakers has given his backing to a crackdown on overseas investments, a drive which has stymied deals and brought the spotlight onto the offshore dealmaking of a number of China's top firms.

Hutchison Telecom shares jump on $1.2 billion deal to sell fixed-line unit

HONG KONG (Reuters) - Hutchison Telecommunications Hong Kong Holdings Ltd shares jumped almost 15 percent when it started trading on Monday, a day after it announced the sale of its fixed-line business for about $1.9 billion.

MADRID (Reuters) - Spain's Banco Popular said on Monday it had entered into exclusive talks with U.S. asset management fund Blackstone Group over the sale of a majority stake in its property portfolio, confirming an earlier report in online newspaper Vozpopuli.

Evotec shares jump as Aptuit deal boosts contract research

FRANKFURT (Reuters) - Shares in Evotec jumped on Monday after the German biotech firm struck a deal to acquire U.S. company Aptuit for $300 million to expand its outsourced drug discovery and development business.

Chinese authorities ask Anbang to sell overseas assets: Bloomberg

HONG KONG (Reuters) - China has asked Anbang Insurance Group, whose chairman was detained last month, to sell its assets outside the country, Bloomberg reported on Monday, citing unnamed sources.

India's Snapdeal calls off sale to Flipkart, to pursue independent path

MUMBAI/BENGALURU (Reuters) - India's Snapdeal said it had decided to remain independent and was ending all talks regarding a sale, bringing the curtain down on months of discussions around a possible acquisition of the e-commerce firm by bigger rival Flipkart.