Deals

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Steel minister says he hopes SAIL, ArcelorMittal resolve JV issues by May

NEW DELHI India's steel minister said he hoped state-owned Steel Authority of India Ltd and ArcelorMittal SA would resolve differences over building an $897 million automotive steel plant before the deadline in May to close the deal.

China's Sinopec nears deal to buy Chevron's South African assets - sources 17 Mar 2017

NEW YORK/SINGAPORE China's Sinopec is nearing a deal to buy Chevron's South African oil assets for up to $1 billion to secure its first major refinery on the continent, several people familiar with the matter said.

Toshiba offers memory chip shares as collateral for loans - sources 15 Mar 2017

TOKYO Japan's crisis-racked Toshiba Corp has offered shares in its memory chip unit to creditors as collateral to secure debt refinancing, people briefed on the matter said on Wednesday.

Nutella maker Ferrero buys U.S. confectioner Fannie May 16 Mar 2017

MILAN Nutella maker Ferrero has signed a deal to buy U.S. confectioner Fannie May from online retailer 1-800-FLOWERS.COM for $115 million in a move to strengthen the Italian company's presence in the overseas market, they said in a joint statement.

Intel bets on selling Mobileye data, with maps a first test 15 Mar 2017

SAN FRANCISCO To understand Intel's $15.3 billion proposed acquisition of Israel's Mobileye, imagine the data created and compiled by a self-driving car scanning the road and objects around it as a potential source of revenue.

Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram 15 Mar 2017

U.S. electronic payments company Euronet Worldwide Inc launched a $1 billion bid for rival MoneyGram International Inc on Tuesday, arguing that its all-American deal would face less regulatory scrutiny than a lower bid by China's Ant Financial Services Group.

Intel's $15 billion purchase of Mobileye shakes up driverless car sector 14 Mar 2017

JERUSALEM/DETROIT Intel Corp agreed to buy Israeli autonomous vehicle technology firm Mobileye for $15.3 billion on Monday in a deal that could thrust the U.S. chipmaker into direct competition with rivals Nvidia Corp and Qualcomm Inc to develop driverless systems for global automakers. | Video

Exclusive - Sealed Air nears sale of Diversey Care to Bain Capital: sources 14 Mar 2017

Sealed Air Corp is in exclusive talks to sell its cleaning and chemicals systems division, Diversey Care, to private equity firm Bain Capital LLC for between $3 billion and $4 billion, people familiar with the matter said on Monday.

RWE can cut Innogy stake to 51 percent as M&A; report drives shares 14 Mar 2017

ESSEN, Germany German utility RWE on Tuesday said it could reduce its stake in networks and renewables unit Innogy to 51 percent, but declined to respond directly to a report that France's Engie was considering a bid for the company.

Networking software maker Citrix seeks buyers - sources 14 Mar 2017

U.S. networking software company Citrix Systems Inc has been exploring strategic alternatives including a potential sale, people familiar with the matter said on Monday.