Reuters - Deals Today

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Wednesday, November 1, 2017

Buy signal blares for cell-tower stocks in 2017

NEW YORK (Reuters) - A hitch in a proposed merger of U.S. wireless carriers Sprint Corp and T-Mobile US has further boosted buoyant shares of cell tower stocks, which could benefit if there is no combined company to cut costs by reducing tower usage.

Video tech firm Kaltura prepping for U.S. IPO: report

JERUSALEM (Reuters) - U.S.-Israeli video technology firm Kaltura is preparing for a U.S. initial public offering in the second or third quarter of 2018 and is in discussions with various underwriters, the Calcalist newspaper reported on Wednesday, citing people familiar with the matter.

SoftBank, Deutsche Telekom hit wall in Sprint, T-Mobile talks: sources

(Reuters) - SoftBank Group Corp and Deutsche Telekom AG have reached an impasse in their talks to merge Sprint Corp and T-Mobile US Inc, sources said, sending shares in the Japanese Internet giant sliding.

Rockwell Automation rejects Emerson's $27 billion takeover bid

(Reuters) - Automation equipment maker Rockwell Automation Inc said on Tuesday it had rejected an unsolicited acquisition bid from bigger rival Emerson Electric Co for more than $27 billion, arguing that the offer undervalued the company.

Japan's Kirin cashes out of Amgen drug joint venture

TOKYO (Reuters) - Japan's Kirin Holdings Co Ltd said on Tuesday it would sell its share in a pharmaceutical research joint venture with California-based drugmaker Amgen Inc for $780 million.

Russia's Novatek signs agreement with China's CNPC on strategic cooperation

BEIJING (Reuters) - Russia's Novatek signed agreement with state-owned China National Petroleum Corp (CNPC) on strategic cooperation on Wednesday.

Imagination investors approve sale to China-backed fund

LONDON (Reuters) - Imagination Technologies shareholders approved a 550 million pound ($730 million) cash takeover by China-backed Canyon Bridge on Tuesday, a day after the buyout firm's founder was charged by U.S. authorities with insider trading.

China-backed buyout fund founder charged in U.S. insider trading case

SAN FRANCISCO (Reuters) - The founder of a private equity firm with Chinese state backing has been charged with insider trading related to the attempted acquisition of Lattice Semiconductor Corp , U.S. authorities said on Monday.

Tencent unit raises $1.1 billion after pricing Hong Kong IPO at top end: IFR

HONG KONG (Reuters) - China Literature, China's No.1 online publisher, and some of its existing shareholders are set to raise a combined HK$8.33 billion ($1.1 billion), after pricing its Hong Kong public offering at top of the indicative range, the IFR reported.

Chinese firms among bidders for Australia's I-MED, valued at over $765 million: sources

HONG KONG/SYDNEY (Reuters) - Two Chinese healthcare firms are among investors seeking to buy Australia's I-MED Radiology Network in a deal that could value the X-ray provider at more than A$1 billion ($765 million), people with knowledge of the matter said.