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Monday, December 11, 2017

Exclusive: Hong Kong fund tells Toshiba that chip unit sale to Bain group not necessary

TOKYO (Reuters) - A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters.

LKQ to buy German car parts retailer Stahlgruber in $1.77 billion deal

(Reuters) - U.S. auto parts retailer LKQ Corp said on Monday it would buy German peer Stahlgruber for about 1.5 billion euros ($1.77 billion) to expand in Europe.

Canada's Fairfax drops plan to buy stake in cement maker PPC

JOHANNESBURG (Reuters) - Canada's Fairfax Africa Investments Proprietary Ltd will not proceed with a plan to buy 23 percent of cement producer PPC for 2 billion rand ($146.34 million), the South African company said on Monday.

Canadian Solar CEO offers to take company private

(Reuters) - Canadian Solar Inc said on Monday it received a letter from its Chief Executive Shawn Qu to take the company private.

Italian fund denies seeking to raise stake in Aston Martin

MILAN (Reuters) - Italy's Investindustrial is not in talks to increase its stake in Aston Martin and no decision has been taken on a possible stock market listing for the British carmaker, the private equity group said, denying an earlier newspaper report.

Exclusive: U.S. mall owner GGP rejects Brookfield Property's $14.8 billion offer - sources

NEW YORK (Reuters) - GGP Inc , one of the largest owners and operators of U.S. shopping centers, has rejected a $14.8 billion buyout offer from its biggest shareholder, Brookfield Property Partners LP , people familiar with the matter said on Sunday.

Australia's Cleanaway Waste Management to buy rival Tox Free Solutions

(Reuters) - Cleanaway Waste Management said on Monday it would buy smaller rival Tox Free Solutions for A$3.425 per share in cash, valuing Tox at A$671 million ($503.72 million) on a diluted basis.

Mineral Resources trumps Chinese bid for Australian gas producer AWE

MELBOURNE (Reuters) - Australia's Mineral Resources has offered A$484 million ($364 million) for domestic gas producer AWE Ltd , topping a sweetened bid from state-owned China Energy Reserve and Chemicals Group (CERCG).

Hospital operators in merger talks to form U.S. industry leader: WSJ

NEW YORK (Reuters) - Ascension Health and Providence St. Joseph Health are in talks about a merger between the two Catholic non-profits that would create the largest U.S. hospital chain, the Wall Street Journal reported on Sunday, citing people familiar with the discussions.

Global brewers line up bids for Vietnam's Sabeco sale: sources

SINGAPORE/LONDON (Reuters) - Brewing groups including Thai Beverage , Anheuser-Busch InBev and Kirin Holdings are gearing up to bid for a stake in Vietnam's largest brewer, Sabeco , people familiar with the matter said, with the $5 billion sale process by the government opening this week.