Bhinneka News Online: Reuters Deals Today: January 10, 2018

Wednesday, 10 January 2018

Reuters Deals Today: January 10, 2018

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Wednesday, January 10, 2018

Murdoch's Fox looking to buy 10 Sinclair TV stations: FT

(Reuters) - Rupert Murdoch-controlled Twenty-First Century Fox Inc is looking to finalize a deal to buy about 10 television stations from Sinclair Broadcast Group Inc, the Financial Times reported on Wednesday.

Drahi hits Altice reset button to court wary investors

PARIS/NEW YORK (Reuters) - Altice founder Patrick Drahi is reshaping his telecoms and cable group for the second time in as many months by splitting its U.S. and European operations, hoping to end a drastic downward share-price spiral.

China considers Hong Kong IPOs in yuan for Belt and Road companies: China Daily

SHANGHAI (Reuters) - The Chinese government is considering a plan to allow companies involved in the Belt and Road initiative to raise money via yuan-denominated initial public offerings in Hong Kong, the China Daily reported on Wednesday.

GSK CEO says looking at Pfizer consumer business, but not a priority

(Reuters) - GlaxoSmithKline's new chief executive said on Tuesday that the British drugmaker would have a look at Pfizer Inc's consumer products business, but would not overpay for the asset.

Exclusive: Saudi Arabia's ACWA Power invites banks to arrange IPO - sources

DUBAI (Reuters) - Saudi Arabia's ACWA Power has invited banks to bid to arrange its initial public offer of shares, which is expected to value the company at up to $1 billion, sources told Reuters on Wednesday.

Liberty House makes binding offer for Rio Tinto's French aluminum smelter

LONDON (Reuters) - Liberty House, the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance, said on Wednesday it had made a binding offer for miner Rio Tinto's , aluminum smelter in Dunkerque, France, the largest in Europe.

Sears raises $100 million in funding, in talks with lenders for better debt terms

(Reuters) - Struggling retailer Sears Holding Corp said on Wednesday it raised $100 million in funding and was in talks with lenders to improve the terms on its more than $1 billion of non-first lien debt, sending its shares up 5 percent in premarket trading.

Airline Niki's administrator presses ahead with sale to IAG

FRANKFURT (Reuters) - The administrator of Niki said he would press ahead with an agreed sale of the insolvent Austrian airline to British Airways owner IAG after a German court ruling fanned concern that the deal could unravel.

Exclusive: Saudi Aramco working to raise cheap loans before IPO - banking sources

DUBAI (Reuters) - Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said.

U.S. pharma executives expect deals to pick up after tax overhaul

SAN FRANCISCO (Reuters) - The Trump administration's tax overhaul should accelerate major acquisitions by drugmakers in 2018 after a slow year for deals in 2017, according to senior executives from some of the largest pharmaceutical manufacturers.