MIDEAST STOCKS - Factors to watch - Sept 25
Sept 25 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
TOKYO Gibson Guitar GIBSN.UL, known for producing electric guitars used legendary rock guitarists such as Jimmy Page and Jeff Beck, said on Friday that it was buying a majority share in Japanese audio equipment manufacturer TEAC Corp (6803.T) for 4.88 billion yen ($51.9 million).
Nashville-based Gibson, which will pay 31 yen per share for TEAC, said the deal would add "Cool Japan" engineering technology into the music and audio lifestyle arena into which it is diversifying.
Gibson said it will purchase 54.4 percent of TEAC's outstanding shares from funds operated by Phoenix Capital.
(Reporting by Shinichi Saoshiro; Editing by Matt Driskill)
MEXICO CITY, Sept 24 A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.
TORONTO, Sept 24 Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV, the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co.