Thursday, 3 August 2017

Reuters Deals Today: August 3, 2017

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Thursday, August 3, 2017
Pay TV channel Starz criticizes AT&T plan to buy Time Warner
WASHINGTON (Reuters) - The premium movie channel Starz criticized AT&T's plan to buy Time Warner Inc on Wednesday, saying the megadeal would give AT&T the clout to steer customers away from Starz and toward its own premium channels.
Genesis Energy to buy Tronox's alkali business for $1.3 billion
(Reuters) - Genesis Energy LP said it will buy Tronox Ltd's alkali business, the world's largest producer of natural soda ash, for about $1.33 billion in cash to expand into the chemicals sector.
Toshiba to invest in chip line without JV partner Western Digital
TOKYO (Reuters) - Toshiba Corp said on Thursday it would invest in a new memory chip production line without joint venture partner Western Digital Corp, in a counter-punch against the U.S. firm which has opposed a planned auction of the business.
Siemens delays Healthineers IPO until 2018, USA likely location
FRANKFURT (Reuters) - Siemens said it plans to wait until next year to list its healthcare business, one of the world's top medical technology providers and a solid performer in a generally disappointing third quarter for the German industrial group.
SoftBank invests $250 million in U.S. online lender Kabbage
NEW YORK (Reuters) - Kabbage Inc, a U.S. online lender for small businesses, said on Thursday it had raised $250 million in equity funding from SoftBank Group Corp , the latest fintech investment by the Japanese technology conglomerate.
China's Meituan-Dianping aims to raise up to $5 billion from Tencent, others: source
HONG KONG (Reuters) - Online Chinese services firm Meituan-Dianping, backed by Tencent Holdings, is in talks with prospective investors to raise up to $5 billion, likely valuing the startup at as much as $30 billion, said a person with direct knowledge of the matter.
Macquarie, GIC funds offer to buy Philippines' EDC shares for up to $1.3 billion
MANILA (Reuters) - Philippine renewable power producer Energy Development Corp said on Thursday a consortium of investors including a unit of Singaporean sovereign wealth fund GIC had offered to buy about a third of the company.
Rothschild to advise on IPO for Austrian lender BAWAG: sources
ZURICH/FRANKFURT (Reuters) - The owners of Austrian lender BAWAG PSK have hired Rothschild to advise them on an initial public share offer that could take place as early as autumn, two sources close to the matter told Reuters on Thursday.
LV= in advanced talks with Allianz for general insurance stake
LONDON (Reuters) - British insurer LV= is in advanced talks with German rival Allianz to sell a minority stake in its general insurance operation.
ZF says assumes Knorr bid for Haldex will go through
FRANKFURT (Reuters) - German automotive supplier ZF Friedrichshafen poured cold water on speculation it could renew its efforts to take over Swedish brake systems maker Haldex if a purchase by Knorr-Bremse fails.
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