Reuters Deals Today: September 20, 2017

Click to View in Browser Wednesday, September 20, 2017 Toshiba selects Bain group as buyer of its prized chip business: sources TOKYO (Reuters) - Japan's embattled Toshiba Corp has chosen a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, a last-minute dramatic twist to a highly contentious auction. Alibaba-backed Best raises $450 million after pricing U.S. IPO at bottom: IFR HONG KONG (Reuters) - Chinese logistics firm Best Inc priced its U.S. initial public offering (IPO) at $10 per share, raising $450 million, IFR reported on Wednesday, citing people familiar with the deal. Luxottica, Essilor offer no merger concessions to EU regulators BRUSSELS (Reuters) - Luxottica and Essilor have not offered any concessions to allay EU antitrust regulators' concerns over their proposed 46-billion-euro ($55.2 billion) merger, increasing the possibility of a lengthy EU investigation into the deal. AIA close to buying Commonwealth Bank of Australia's $4 billion insurance unit: sources HONG KONG (Reuters) - Hong Kong-based insurer AIA Group Ltd is close to acquiring Commonwealth Bank of Australia's (CBA) insurance business which is likely to be valued at nearly $4 billion, two people with direct knowledge of the matter said. Finland's Fortum in talks to buy Uniper stake from E.ON FRANKFURT (Reuters) - Finland's Fortum is in advanced talks to buy a 47 percent stake in German energy group Uniper for 3.8 billion euros ($4.56 billion) from E.ON , the companies said on Wednesday. Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmaker ESSEN, Germany (Reuters) - Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations in a preliminary deal that would create the continent's No.2 steelmaker after ArcelorMittal . T-Mobile U.S. explores takeover of Sprint: source (Reuters) - U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said. Austrian tour operator seeks bankruptcy proceedings against Air Berlin's Niki: Kurier VIENNA (Reuters) - An Austrian tour operator, which is owed money by the low-cost airline Niki, has applied for bankruptcy proceedings to be initiated against the Air Berlin unit at a regional court, local daily Kurier said on Wednesday. Thyssenkrupp, Tata Steel merger should not happen at any price: German minister BERLIN (Reuters) - German Labour Minister Andrea Nahles said on Wednesday that a merger between Germany's Thyssenkrupp and India's Tata Steel should not happen at any cost and the headquarters needed to be in Germany if it did happen. Finland's Fortum says prepares $4.5 billion bid for E.ON's Uniper stake HELSINKI (Reuters) - Finland's largest utility Fortum is in advance talks to buy German utility E.ON's 46.7 percent stake in nuclear and fossil energy group Uniper for 3.76 billion euros ($4.51 billion), the companies said on Wednesday. Related Video Red tape ties up H-1B visas for skilled workers Wall Street edges up as Fed eyed 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