Reuters News

Emerson Electric to sell network power unit for $4 bln: Reuters

Emerson Electric Co, a maker of factory automation equipment, said it would sell its network power unit to investment firm Platinum Equity in a deal valued at $4 billion.

Carlyle could make a pair of $2 billion acquisitions in Japan: executive: Reuters

Private equity firm Carlyle Group (CG.O) said it could make a pair of acquisitions in Japan worth $2 billion apiece, a strategic departure from a previous focus on smaller deals as big Japanese firms are gearing up for spinoffs of larger assets, Reuters reported.

AB InBev and SABMiller expect megabrew merger to complete October 10: Reuters

Anheuser-Busch InBev (ABI.BR) and SABMiller (SAB.L), the world's two largest brewers, set out a timetable on Monday for the final stages of their $100 billion-plus merger, with completion of the deal expected in a little more than two months, Reuters News reported.

Trina Solar agrees to be taken private in $1.1 bln deal: Reuters

Solar panel maker Trina Solar Ltd said it has agreed to be acquired by an investor consortium that includes Chief Executive Jifan Gao, in an all-cash deal valuing the Chinese company at about $1.1 billion.

Cinven swoops on Old Mutual's Italian unit in $335 mln takeover, says source: Reuters

European private equity fund Cinven is about to start exclusive talks to buy the Italian wealth arm of financial services firm Old Mutual for about 300 million euros ($335 million), a source with knowledge of the deal told Reuters.

ICICI Bank, Apollo to set up Indian asset reconstruction company: Reuters

India's biggest private lender ICICI Bank Ltd and private equity firm Apollo Global Management LLC said on Monday they would set up an asset reconstruction company in India to buy into troubled loans held by banks.

Investor Wyser-Pratte calls for sale of Stada to CVC: Reuters

U.S. activist investor Guy Wyser-Pratte, who has acquired a stake in Stada, said the German maker of generic drugs and consumer care products should soon be sold to buyout firm CVC Capital Partners

Tesla to buy SolarCity in $2.6 billion stock deal: Reuters

Tesla Motors Inc (TSLA.O) said it would buy solar panel installer SolarCity Corp (SCTY.O) for $2.6 billion in shares to form a one-stop clean energy shop, Reuters News reported.

Tesla, SolarCity set to announce merger: Reuters

Tesla Motors Inc (TSLA.O) and SolarCity Corp (SCTY.O) could announce they have agreed to merge as early as Monday, people familiar with the matter told Reuters, setting the stage for a campaign to convince the two companies' shareholders to back the deal.

Didi to buy Uber's China business in $35 billion deal: Reuters

Ride-hailing firm Didi Chuxing said on Monday it will buy Uber's China operations, in a deal that will give Uber a stake in the company and end bruising competition between the two, Reuters News reported.