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Wednesday, June 14, 2017

Verizon closes Yahoo deal, Mayer steps down

(Reuters) - Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned.

Japan govt-led bid for Toshiba chip unit to include SK Hynix: sources

TOKYO/SEOUL (Reuters) - A Japanese government-led consortium bidding for Toshiba Corp's chip business will include South Korean chipmaker SK Hynix Inc, sources familiar with the matter said – a move likely to add firepower to the group's bid in the hotly contested auction.

Israel irrigation firm Netafim draws interest from 6 bidders: report

TEL AVIV (Reuters) - Six international companies and funds have made it to the second round of bidding for buyout group Permira's [PERM.UL] 61.3 percent stake in Israeli irrigation firm Netafim, Israel's Calcalist financial newspaper said on Wednesday.

Nasdaq seeks to block Bats push for market-close orders

NEW YORK (Reuters) - Nasdaq Inc has urged regulators to reject a proposal by rival exchange operator Bats to compete for stock orders at the market close, saying it would undermine Nasdaq's closing process and harm publicly-listed companies and their shareholders.

Canada's Lexin to cooperate with receivership; adjourns suit against regulator

(Reuters) - Oil company Lexin Resources Ltd said it has agreed to cooperate with the receivership process to better enable the sale of its licensed assets and has adjourned its countersuit against the Alberta Energy Regulator (AER).

Guangzhou Rural Bank HK IPO priced near middle of range, raises $1 billion: source

HONG KONG (Reuters) - Guangzhou Rural Commercial Bank Co Ltd (GRCB) priced its Hong Kong IPO slightly below the middle of expectations, a source said on Wednesday, underscoring tepid demand for the $1 billion deal amid concerns over rising non-performing loans in China.

Debt-laden Neiman Marcus abandons hope of a sale

(Reuters) - U.S. department store operator Neiman Marcus said on Tuesday it had ended talks regarding a partial or full sale of the company, three months after embarking on a review of strategic alternatives under the weight of a $4.8 billion debt load.

Exclusive: SeaWorld's Chinese investor in talks to buy Brookdale Senior Living - sources

(Reuters) - Zhonghong Zhuoye Group Co Ltd, the Chinese real estate and leisure group which last month bought a stake in SeaWorld Entertainment Inc , is in talks to acquire Brookdale Senior Living Inc , people familiar with the matter said.

Hexagon holding early talks with rivals on possible sale: WSJ

STOCKHOLM (Reuters) - Swedish measurement technology and software firm Hexagon AB has held talks on a possible sale to a U.S. or European rival which could value the company at about $20 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

GE wins U.S. antitrust approval for Baker Hughes deal

WASHINGTON (Reuters) - General Electric Co won U.S. antitrust approval to merge its oil and gas business with Baker Hughes Inc to form a new publicly traded company, the Justice Department said on Monday.