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Mengniu’s deal to increase China Modern Dairy stake seen as rescue by some, synergy by others

2017-01-09 scmp
Mengniu is increasing its stake in CMD, which controls China’s largest cattle herd, from 25.4 to 39.9pc by buying a 9.8pc stake from another investor, KKR

Stanley Black & Decker to buy Sears' Craftsman brand for $900 million

2017-01-05 reuters
Stanley Black & Decker Inc (SWK.N) said on Thursday it would buy Sears Holdings Corp's (SHLD.O) Craftsman tool brand for $900 million, strengthening its portfolio of hand and power tools.

Morgan Stanley, Barclays top Canadian M&A adviser rankings in 2016

2017-01-05 reuters
NEW YORK/TORONTO Jan 5 Morgan Stanley, Barclays Plc and Royal Bank of Canada took the top spots advising Canadian mergers and acquisitions in 2016 as deals in the pipeline, power and utility sectors propelled deal volume to a nine-year high.

Austrian bank Bawag eyes Allianz private bank OLB - sources

2017-01-05 reuters
FRANKFURT Austrian bank BAWAG PSK [CCMLPB.UL], backed by US financial investor Cerberus, is bidding for German private bank Oldenburgische Landesbank (OLBG.F), two sources familiar with the matter told Reuters on Thursday.

Deals of the day- Mergers and acquisitions

2017-01-05 reuters
Jan 5 The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:

UPDATE 1-China Mengniu offers to buy out Modern Dairy for $826 mln

2017-01-05 reuters
HONG KONG China Mengniu Dairy Co Ltd (2319.HK) has offered to buy out China Modern Dairy Holdings Ltd (1117.HK) for $826 million in a deal that will help it secure a stable supply of raw milk.

Judge says Volkswagen must face U.S. investor lawsuits over diesel emissions

2017-01-05 reuters
WASHINGTON Jan 4 A U.S. judge on Wednesday denied Volkswagen AG and its former chief executive Martin Winterkorn's requests to have an investor lawsuit dismissed in California over its "Dieselgate" emissions scandal.

BRIEF-U.S. Energy Corp extends participation agreement with Ironhorse

2017-01-05 feeds.reuters
* U.S. Energy Corp - co and Ironhorse entered into new agreement dated January 3, 2017 extending time for co to provide proof of funding to January 31, 2017 Source text for Eikon: Further company coverage:

China Mengniu pays $241 mln to boost stake in China Modern Dairy

2017-01-05 reuters
HONG KONG Jan 5 China Mengniu Dairy Co Ltd said on Thursday it would pay HK$1.87 billion ($241 million) to raise its stake in China Modern Dairy Holdings Ltd to secure a stable supply of raw milk.

BRIEF-Colony Starwood Homes upsizes offering, prices $300 mln convertible senior notes

2017-01-05 feeds.reuters
* Colony Starwood Homes - pricing of $300 million aggregate principal amount of 3.50 pct convertible senior notes due 2022

BRIEF-Knot Offshore Partners announces pricing of public offering of 2.5 mln common units

2017-01-05 feeds.reuters
* Priced previously announced public offering of 2.5 mln common units, for total gross proceeds of about $56.1 mln Source text for Eikon: Further company coverage:

Australia new vehicle sales hit a record for 2016-VFACTS

2017-01-05 reuters
SYDNEY Jan 5 Australia boasted another record year of new vehicle sales in 2016 with the market showing a distinct shift in preference to pick up trucks and sport utility vehicles, while all the growth was driven by business demand.