Mergers and Acquisitions Divestments

  • TOKYO, Jan 20- Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds including...

  • TOKYO, Jan 20- Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to help avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds...

  • Jan 19- Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. The divestiture would undo much of Aon's 2010 acquisition of human resources services provider Hewitt Associates Inc for $4.9 billion,...

  • TOKYO, Jan 18- Toshiba Corp is in talks to sell a minority stake in its flash memory business to U.S. chips business partner Western Digital Corp in a bid to boost its capital base, a source briefed on the discussions said on Wednesday. Toshiba said in a statement earlier that it had been considering various options for its memory business, including a spin-off, but...

  • *Indonesia may export up to 5.2 mln T nickel ore- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

  • *Indonesia produces 17 mln T of nickel ore per year- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

  • *Indonesia produces 17 mln T of nickel ore per year- minister. *Freeport to convert to special mining permit- minister. *Freeport has to divest up to 51 pct, IPO being considered.

  • Jan 12- McDonald's Corp is inviting bids for the sale of a 33 percent stake in its Japan unit McDonald's Holdings Co Japan Ltd, the Wall Street Journal reported, citing people familiar with the situation. McDonald's- which last week agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP- said in...

  • WASHINGTON— The director of the federal government's ethics agency Tuesday blasted President-elect Donald Trump's plan to maintain his business empire by turning it over to his sons instead of selling off all his corporate assets and placing remaining profits in a government-approved blind trust. Emails between the OGE and the Trump transition team...

  • President-elect Donald Trump said on Wednesday he would maintain ownership of his global business empire but hand off control to his two oldest sons while president, an arrangement that watchdogs said would not prevent conflicts of interest in the White House. Trump, a Republican, is under pressure to distance himself from his businesses before he moves into...

  • President-elect Donald Trump said on Wednesday he would maintain ownership of his global business empire but hand off control to his two oldest sons while president, an arrangement that watchdogs said would not prevent conflicts of interest in the White House. Trump, a Republican, is under pressure to distance himself from his businesses before he moves into...

  • President-elect Donald Trump said on Wednesday he would maintain ownership of his global business empire but hand off control to his two oldest sons while president, an arrangement that watchdogs said would not prevent conflicts of interest in the White House. Trump, a Republican, is under pressure to distance himself from his businesses before he moves into...

  • HONG KONG, Jan 9- McDonald's Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital. "McDonald's globally overall is struggling and didn't have the money or intellectual resources to focus on China," said...

  • HONG KONG, Jan 9- McDonald's Corp has agreed to sell a majority stake in its China and Hong Kong businesses to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, part of its efforts to switch to a less capital-intensive business model. The fast food chain company operates owns most of its 2,400 restaurants in mainland China as well as...

  • HONG KONG— Fast-food giant McDonald's is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion, the companies said Monday. Under the terms of the deal, Citic Ltd. and its investment management unit Citic Capital will acquire 52 percent of the business while...

  • Reuters reported on Thursday that BRF wants to raise about $1.5 billion from the sale of a 20 percent stake in the unit, known as One Foods Holdings Ltd. In a Friday securities filing in response to the report, BRF said the IPO could take place in London but it is also gauging a private placement.

  • NEW DELHI, Jan 6- A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday. As part of a side deal, General Motors also plans to buy out SAIC's 9.2 percent stake in SAIC General Motors Investment- a joint venture it formed with the...

  • Jan 3- U.S. oil and gas producer SM Energy Co said on Tuesday it would sell certain assets in the Eagle Ford shale of South Texas to a unit of KKR for $800 million. SM Energy has been trying to boost its presence in the Permian basin in west Texas and eastern New Mexico, while divesting assets elsewhere. The company said in October it would buy 35,700 net acres in west...

  • SAO PAULO, Dec 28- Brazil's state-run oil company, Petroleo Brasileiro SA, on Wednesday announced the sale of ethanol and petrochemicals assets for $587 million, but said it would still fall $1.5 billion short of its divestment target for the 2015-2016 period. Among the assets sold were its 46 percent stake in ethanol producer Guarani SA, which was acquired for...

  • WASHINGTON, Dec 28- German pharmaceutical company Boehringer Ingelheim agreed to divest five types of animal health products to settle charges that a proposed asset swap with Sanofi would harm competition, the U.S. Federal Trade Commission said on Wednesday. The proposed asset swap involved Boehringer Ingelheim's acquisition of Sanofi's $13.5 billion...