Bhinneka News Online: Reuters Deals Today: August 4, 2017

Friday, 4 August 2017

Reuters Deals Today: August 4, 2017

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Friday, August 4, 2017

Exclusive: China regulators plan to crack down further on overseas deals

HONG KONG (Reuters) - China plans to further tighten the screws on overseas acquisitions by Chinese companies and borrowing to fund those transactions, and has started closely scrutinizing the commercial aspects of the deals, three people familiar with the move said.

Toyota and Mazda link up to build $1.6 billion U.S. plant, develop electric cars

TOKYO (Reuters) - Toyota Motor Corp and Mazda Motor Corp plan to build a $1.6 billion U.S. assembly plant, the two said on Friday, as part of an alliance that will also see the Japanese automakers jointly develop electric vehicle technologies.

Paysafe backs $3.9 billion offer from Blackstone/CVC group

(Reuters) - Payments processing company Paysafe Group has backed a 3 billion pound ($3.9 billion) takeover offer from a consortium of funds managed by Blackstone and CVC Capital Partners, the latest in a string of deals in the sector.

Allianz forms JV with LV= to create third largest British P&C insurer

FRANKFURT (Reuters) - German insurance titan Allianz said on Friday that it had agreed to create a joint venture and strategic partnership with British insurer LV= to form the third-largest property and casualty insurance company in the UK.

Germany to weigh Commerzbank stake sale post-election: WirtschaftsWoche

FRANKFURT (Reuters) - The German government will consider the sale of its 15.6 percent stake in Commerzbank following federal elections in September, German weekly WirtschaftsWoche reported on Friday, citing unnamed sources.

HNA, Qatar not acting in concert at Deutsche Bank: board member in Spiegel

FRANKFURT (Reuters) - China's HNA and Qatar have not acted in concert as shareholders of Deutsche Bank , a board member representing the Chinese conglomerate told Der Spiegel.

Japan Tobacco to buy Indonesian 'kretek' cigarette firms for $677 million

JAKARTA/TOKYO (Reuters) - Japan Tobacco Inc on Friday said it has agreed to buy an Indonesian maker of "kretek" tobacco and clove cigarettes, together with its distributor, for $677 million, giving it a bigger footprint in the world's second-largest tobacco market.

Yelp to sell Eat24 for $287.5 million, authorizes share repurchase

SAN FRANCISCO (Reuters) - Yelp Inc said on Thursday it would sell its Eat24 business to Grubhub for $287.5 million in cash, news along with better-than-expected quarterly revenue that drove its shares up more than 18 percent.

Abu Dhabi's Mubadala sells second stake in U.S. chipmaker AMD

ABU DHABI (Reuters) - Abu Dhabi's Mubadala Investment Company on Friday said it sold a 3.9 percent stake in Advanced Micro Devices in its second sale of shares in the U.S.-based semiconductor company this year.

Wal-Mart, Walgreens, CVS turn up the heat on generic drugmaker deals

(Reuters) - The largest U.S. retail pharmacies, including Wal-Mart Stores Inc and Walgreens Boots Alliance Inc, are wielding more leverage when buying generic drugs, accelerating a decline in prices likely to affect drug companies for some time, industry experts said on Thursday.