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Four bidders and U.S. partner Western Digital competing to buy Toshiba's memory chip unit- Nikkei

Thursday, 25 May 2017 06:03pm EDT

May 26 (Reuters) - Nikkei:Toshiba told Sumitomo Mitsui Banking., Mizuho Bank, other lenders it will begin negotiating with four suitors that submitted second-round bids for Toshiba Memory - Nikkei.Toshiba will also enter into separate discussions with western digital, which is seeking to block the auction on contractual grounds- Nikkei.Toshiba also hinted it received offers exceeding the 2 trillion yen ($17.9 billion) asking price - Nikkei.Kohlberg Kravis Roberts and Bain Capital submitted bids before the May 19 deadline, as did American chipmaker Broadcom and Taiwan's Hon Hai Precision Industry - Nikkei.

Fidson Healthcare says not in discussion with May & Baker Nigeria Plc for merger/acquisition

Thursday, 25 May 2017 10:49am EDT

May 25 (Reuters) - Fidson Healthcare Plc :Response to speculative news of proposed Fidson Healthcare and May & Baker Nigeria Plc merger/acquisition.Says co is not in any form of discussion, negotiation or consultation, that may lead to acquisition or a merger of two undertakings.Says there is no discussion of any sort either contemplated or ongoing in respect of any proposed acquisition of May & Baker Nigeria.

CCI approves Tata Companies' buying of of 21.63 pct shareholding in Tata Teleservices from NTT Docomo

Thursday, 25 May 2017 08:16am EDT

May 25 (Reuters) - Competition Commission of India::CCI approves Tata Companies' acquisition of 21.63 percent shareholding in Tata Teleservices from NTT Docomo.

Sime Darby says April fresh fruit bunches production 816,655MT

Thursday, 25 May 2017 07:16am EDT

May 25 (Reuters) - Sime Darby Bhd ::April fresh fruit bunches production 816,655 mt; April crude palm oil production 211,958 mt; April palm kernel production 51,787 mt.

Third Point says issues new DowDuPont board must consider include capital structure, optimal cost of capital

Wednesday, 24 May 2017 12:23pm EDT

May 24 (Reuters) - Third point LLC: :Issues DowDuPont board must consider post deal-close include capital structure, optimal cost of capital - presentation.Says issues DowDuPont board must consider post deal-close also include new cost reduction goals in light of planned portfolio review.Says DowDuPont board must consider, post deal-close, whether 3 spin-off companies are "appropriate".Says offering structural solutions that could create about $20 billion of additional value compared to status quo in Dow & DuPont merger.Says DowDuPont board must consider, post deal-close, if creation of additional companies or divestitures would "enhance shareholder value".Third point, on DowDuPont, says believes Specialty Products could be split into as many as 4 public cos to ensure each "Spin Co" has "compelling" invesment case.Says reconfiguration of dowdupont portfolio should yield cost reduction opportunities that are incremental to announced synergies of $3 billion.Third point, on DowDuPont, says new board will need to evaluate whether dividends, special dividends or buybacks provide the "most value" to shareholders.Says to optimize cost of capital, estimate DowDuPont board will need to return nearly $40 billion of excess capital to shareholders in 24 months post closing.Third point, on DowDuPont, says shareholders proposal recommends moving several businesses from material science to speciality products.

Mitsubishi Heavy Industries says integration of rubber and tire machinery business

Wednesday, 24 May 2017 02:29am EDT

May 24(Reuters) - Mitsubishi Heavy Industries Ltd <7011.T>:Says it will integrate rubber and tire machinery business in .Mitsubishi Heavy Industries Mechatronics Systems, Ltd. (MHI-MS), Mitsubishi Heavy Industries Printing & Packaging Machinery, Ltd. and Mitsubishi Heavy Industries Machinery Technology Corporation (MHIMT).Says the wholly owned unit MHI-MS will take over printing machinery, paper converting machinery, rubber and tire machinery and accelerator related business, on Oct.1 .Says it will set up a new company .Says the new company will take over food packaging machines related business on Oct.1, 2018.

Hydroponics Company signed exclusive strategic alliance with Colorado-Based Phoenix Life Sciences Inc

Tuesday, 23 May 2017 08:56pm EDT

May 24 (Reuters) - Hydroponics Company Ltd -:Signed exclusive strategic alliance with colorado-based phoenix life sciences inc.

Hitachi to collaborate with IBM - nikkei

Tuesday, 23 May 2017 05:44pm EDT

May 24 (Reuters) - Nikkei::Hitachi to supply IBM-made mainframe computers with Hitachi's operating systems starting fiscal 2018 - Nikkei.

Russia's MTS says Q1 net profit down 14 pct y/y

Tuesday, 23 May 2017 08:00am EDT

May 23 (Reuters) - Russia's biggest mobile operator MTS (Mobile TeleSystems) MBT.N says::Q1 net income at 12.5 billion roubles ($221.3 million) vs 14.5 bln roubles in Q1 2016;.Q1 revenues at 104.7 bln roubles, down 1.1 pct year on year;.Q1 OIBDA at 41.8 bln roubles, up 1.8 pct yr/yr;.Q1 OIBDA margin at 40.0 pct vs 38.8 pct in Q1 2016;.Free cash flow at 22.9 bln roubles, up 11.4 pct y/y;.Full-year 2017 outlook for revenue and adjusted OIBDA growth rate at +2 pct/-2 pct confirmed;.Rosneft's <<>> lawsuit against MTS' parent company Sistema SSAq.L<<>> has no impact on MTS' operational activity, strategy or dividend payments. .


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