Edition:
India

Mergers & Acquisitions

REFILE-SoFi in talks with top Twitter exec about CEO position-WSJ

Jan 20 Social Finance Inc (SoFi) is in discussions with Anthony Noto, a top Twitter Inc executive, to become the online lender's chief executive, the Wall Street Journal reported on Saturday, citing sources.

UPDATE 6-ADM pursues big ag merger with grain trader Bunge-source

CHICAGO/CALGARY, Alberta, Jan 20 Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc.

20 Jan 2018

India's ONGC to buy majority stake in refiner HPCL for $5.78 bln

NEW DELHI, Jan 20 India's biggest explorer Oil and Natural Gas Corp (ONGC) has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp for 369 billion rupees ($5.78 billion), ONGC said on Saturday.

20 Jan 2018

Schaeffler CEO says splitting company would be unwise -paper

FRANKFURT, Jan 20 German car parts maker Schaeffler sees no merit in splitting the company, contrasting with peers such as Continental, Delphi or Autoliv, which have spun off units or are considering doing so.

Regulatory News, IPOs 20 Jan 2018

Possible Buffett heir Abel has small Berkshire stake, likely to grow

Jan 19 Greg Abel, considered by many investors the top contender to succeed Warren Buffett as Berkshire Hathaway Inc's chief executive officer, on Friday reported owning about $2.1 million of the conglomerate's stock.

20 Jan 2018

CORRECTED-UPDATE 4-ADM pursues big ag merger with grain trader Bunge -WSJ

CHICAGO/CALGARY, Alberta, Jan 19 Top U.S. grains merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with Switzerland-based rival Glencore Plc.

20 Jan 2018

CORRECTED-Archer Daniels has made takeover approach to Bunge - WSJ

Jan 19 Agricultural trader Archer Daniels Midland Co made a takeover approach to rival Bunge Ltd , the Wall Street Journal reported on Friday, citing people familiar with the matter. http://on.wsj.com/2mSY8L0

20 Jan 2018

Vista Equity explores options for PowerSchool, PeopleAdmin-sources

Jan 19 Private equity firm Vista Equity Partners Management LLC is exploring options for two software companies it owns, PowerSchool and PeopleAdmin, that could involve combining them in a deal worth between $2 billion to $3 billion, according to people familiar with the matter.

Rent-A-Center, Vintage Capital sign standstill deal amid buyout talks

Jan 19 Buyout firm Vintage Capital Management LLC has agreed not to raise its stake in its acquisition target Rent-A-Center Inc or seek to gain control of its board as they talk about a potential deal, the furniture retailer said on Friday.

UPDATE 1-Parent company of 7-Eleven agrees to divest some U.S. stores in Sunoco deal

WASHINGTON, Jan 19 Seven & i Holdings Co Ltd , the Tokyo-based parent company of the 7-Eleven network of stores, agreed to sell and divest some of its stores in its proposed $3.3 billion acquisition of 1,100 Sunoco LP outlets, the U.S. Federal Trade Commission said Friday.

20 Jan 2018