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Deals Headlines

Brazil card processor Stone hires banks for IPO: sources

Brazilian credit card processor Stone Pagamentos SA has hired Goldman Sachs & Co , JPMorgan Chase & Co and Citigroup Inc as lead managers for a hoped-for New York initial public offering, three people with knowledge of the matter said on Friday.

Tencent-backed Qutoutiao files for U.S. IPO

Chinese content aggregator Qutoutiao Inc, which is backed by technology giant Tencent Holdings Ltd, filed for an initial public offering of up to $300 million with the U.S. Securities and Exchange Commission on Friday.

CAVA to acquire Zoe's Kitchen for $300 million

CAVA, a U.S. privately held restaurant chain focusing on casual Mediterranean cuisine, said on Friday it has agreed to acquire publicly listed peer Zoe's Kitchen Inc for around $300 million including debt, with backing from a group of investors.

M&A lending to U.S. blue-chip firms on summer hiatus

NEW YORK (LPC) - Bank lending to high-quality US companies to fund acquisitions has slowed due to concern over government policies amid the summer doldrums, but is expected to pick up after the Labor Day holiday, bankers said.