Friday, 1 September 2017

Reuters Deals Today: September 1, 2017

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Friday, September 1, 2017
Dow, DuPont complete planned merger to form DowDuPont
(Reuters) - Dow Chemical Co and DuPont said on Friday the companies had successfully completed their planned $130 billion merger to form DowDuPont.
Western Digital CEO apologized to Toshiba for friction over chip unit sale
TOKYO (Reuters) - Western Digital Corp's CEO apologized to his counterpart at Toshiba Corp for strained ties after the U.S. firm sued to keep their chip joint venture from being sold to rival bidders, according to an Aug. 11 letter.
Hewlett Packard Enterprise to complete software spin-off
SAN FRANCISCO (Reuters) - Hewlett Packard Enterprise Co completed the spin-off of much of its software business early on Friday, closing the door on the disastrous 2011 acquisition of British firm Autonomy and narrowing the company's focus to data center hardware and software.
Petronas, Aramco keen on $1.8 billion Daewoo E&C controlling stake: Maeil
SEOUL (Reuters) - Oil firms Petronas and Aramco are among potential suitors for a controlling stake in Daewoo Engineering & Construction Co , a deal that could fetch around 2 trillion won ($1.78 billion), South Korea's Maeil Business Newspaper said on Friday.
Japan government eyes Japan Post share sale as soon as this month: source
TOKYO (Reuters) - Japan's government plans to sell shares in Japan Post Holdings Co as soon as this month, the first sale since the company's massive 2015 listing, a government source familiar with the deal said on Friday.
Enel CEO says not interested in discussing possibility of single network firm
CERNOBBIO, Italy, (Reuters) - Italy's top utility Enel is not interested in discussing merging its fiber-optic infrastructure business with that of Telecom Italia to create a single network company, CEO Francesco Starace said on Friday.
Allianz, Baloise and Cinven among final bidders for Generali's Belgian unit: sources
FRANKFURT/LONDON (Reuters) - European insurers Allianz and Baloise Holding and London-based buyout fund Cinven are finalizing rival offers for Generali's Belgian unit ahead of a Sept. 8 deadline, sources told Reuters.
Bain, Cinven name industry veteran Albrecht as Stada CEO
FRANKFURT (Reuters) - Private equity firms Bain and Cinven, the buyout firms that have taken control of Stada , picked generic drug industry veteran Claudio Albrecht as the German group's fourth chief executive in 15 months.
Japan insurer Sompo to sell British unit Canopius for $952 million
TOKYO (Reuters) - Japanese insurer Sompo Holdings Inc said on Friday it has agreed to sell British unit Sompo Canopius to private equity consortium led by Centerbridge Partners for $952 million.
Benetton's Edizione sells out of Italy publishing sector: source
MILAN (Reuters) - Edizione, the holding company of the Benetton family, has pulled out of the Italian publishing sector by selling stakes in top financial daily Il Sole 24 Ore and publisher Caltagirone Editore , a source close to the matter said on Friday.
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