Reuters Deals Today: August 25, 2017

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Friday, August 25, 2017

Western Digital won't seek management role in Toshiba chip business: sources

TOKYO (Reuters) - Western Digital Corp , part of a group offering to buy Toshiba Corp's memory chip unit, is not seeking a management role in the business, people familiar with the matter told Reuters on Friday.

Fiat Chrysler says will always evaluate deal inquiries

MILAN (Reuters) - Fiat Chrysler (FCA) said on Friday it would evaluate any inquiries about potential transactions, but did not have anything to add to its previous comments on reported interest from China's Great Wall Motor in its Jeep brand.

Amazon to cut Whole Foods prices, escalating grocery turf war

(Reuters) - Amazon.com Inc said it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc , sending shares of rival grocers tumbling on fears that brutal market share battles will intensify.

In wake of Foxconn deal, Wisconsin and Illinois vie for jobs

CHICAGO (Reuters) - The pledge by Taiwan's Foxconn to build a $10 billion factory in southern Wisconsin has ignited cross-border competition with Illinois over which state’s residents will get the jobs created by the project.

Chinese group to buy Odebrecht Peru asset for $1.39 billion: source

LIMA (Reuters) - A consortium led by China Three Gorges Corp [CYTGP.UL] has agreed to buy a hydroelectric plant in Peru from scandal-plagued Brazilian builder Odebrecht SA [ODBES.UL] for $1.39 billion, a person with knowledge of the deal said on Thursday.

Pegas's board backs R2G takeover bid, dividend may stop

PRAGUE (Reuters) - The board of Pegas Nonwovens has backed a takeover offer from R2G, the bidder said on Friday, adding it was ready to absorb short-term losses and would limit or halt the dividend.

China's JD.com invests in Indonesia's Go-Jek amid SE Asia push: sources

HONG KONG (Reuters) - JD.com Inc has invested in Indonesian ride-hailing startup Go-Jek, people familiar with the matter told Reuters, in the latest move by China's second-largest e-commerce firm to tap growth in Southeast Asian mobile-based services.

Axis raises bid for insurer Novae after shareholder dissent

(Reuters) - Axis Capital , a Bermuda-based speciality insurer and reinsurer, has raised its takeover offer for Lloyd's of London insurer Novae to about 477.6 million pounds ($611.38 million) after a shareholder revolt.

China regulator hints at no more special treatment after Unicom deal

SHANGHAI (Reuters) - China's securities regulator said that company ownership reform plans must strictly abide by existing regulations, hinting there will be no repeat of the special treatment given to China Unicom in its $11.7 billion restructuring.

Western Digital group to offer $17.4 billion for Toshiba chip unit: sources

TOKYO (Reuters) - A consortium that includes Western Digital is offering 1.9 trillion yen ($17.4 billion) for Toshiba Corp's memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its U.S. nuclear business, sources said on Thursday.

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