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Monday, September 25, 2017
Exclusive: Toshiba tells banks chip deal delayed as Apple yet to approve
TOKYO (Reuters) - Toshiba Corp told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc , a member of the buyer group, has not agreed on key terms, two people involved in the deal said.
ABB buys GE business for $2.6 billion in bet it can boost margins
ZURICH (Reuters) - Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion in a bet it can improve the division's lackluster margins over the next five years, the Swiss engineering company said on Monday.
AIG to restructure its business
(Reuters) - American International Group Inc said on Monday it would reorganize into three new business units and will no longer have Commercial and Consumer businesses.
Genuine Parts to buy European peer in $2 billion deal
(Reuters) - Genuine Parts Co , a U.S.-based automotive replacement parts distributor, said on Monday it would buy European peer Alliance Automotive Group in a deal valued at about $2 billion, including debt.
Siemens likely to pick Alstom for rail merger: sources
MUNICH/FRANKFURT (Reuters) - German industrial group Siemens is likely to decide on Tuesday to pursue a multibillion-dollar rail merger with French rival Alstom rather than Canada's Bombardier , two sources familiar with the matter told Reuters.
STX deal possible at France/Italy summit on Wednesday: Macron's office
PARIS (Reuters) - France and Italy could reach a deal over the STX France shipyards at a meeting of the two countries' leaders on Wednesday, an official at French President Emmanuel Macron's office said.
Nets welcomes $5.3 billion takeover bid by Hellman & Friedman
COPENHAGEN (Reuters) - Payments firm Nets on Monday welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years.
Japan Post share sale raises $11 billion, but demand weaker than for IPO
TOKYO (Reuters) - A government sale of Japan Post Holdings Co stock raised $11 billion in the world's second-biggest share sale this year, with the postal and financial giant's attractive dividend yield helping drum up sufficient, albeit subdued, demand.
Unilever to buy Carver Korea for $2.7 billion
SEOUL (Reuters) - Unilever has agreed to buy cosmetics firm Carver Korea for 2.27 billion euros ($2.71 billion) from Goldman Sachs, Bain Capital and the company's founder as it expands its beauty and personal care business.
IAG CEO confirms bid for Air Berlin, sees it going to Lufthansa
BERLIN (Reuters) - British Airways parent IAG put in a bid for part of insolvent German airline Air Berlin but expects it will go mainly to Lufthansa, CEO Willie Walsh said at a conference in Barcelona.
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