Deals

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Hedge Funds

Apple moves to ward Western Digital off control of Toshiba chips: sources

TOKYO Apple Inc has sought to stop Western Digital Corp from taking control of Toshiba Corp's chip business by threatening not to buy its products in the future, people with knowledge of the deal said.

Will Saudi Aramco deliver world record profit for next year's IPO? 11:36am EDT

LONDON When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). [IPO-ARMO.SE]

Chinese online insurer ZhongAn wins HK approval for $1 billion IPO: sources 2:53am EDT

HONG KONG ZhongAn Online Property and Casualty Insurance Co Ltd, China's first internet-only insurer, secured Hong Kong stock exchange approval for its planned initial public offering which could raise more than $1 billion, sources with direct knowledge of the deal said on Friday.

Shareholders urge Thyssenkrupp to get on with Tata Steel deal 8:40am EDT

DUESSELDORF/FRANKFURT Thyssenkrupp shareholders are urging the group to clinch a deal with Tata Steel to merge their European steel businesses this year, warning failure to do so would be a blow to its credibility.

Fondul fund may sell Hidroelectrica stake as IPO drags 8:29am EDT

BUCHAREST Romanian investment fund Fondul Proprietatea is considering selling its 20 percent stake in state-owned hydro power producer Hidroelectrica, a move it said was triggered by lack of government progress in listing it.

Volvo to buy parking valet company Luxe's assets 11:00am EDT

Geely-owned Volvo Car Group said on Friday it would buy some assets of Luxe, a U.S.-based premium valet and concierge service, to boost the development of its digital services.

Benetton's Edizione readying bid for packaging firm Guala Closures: sources 11:32am EDT

LONDON Italy's Edizione Holding, the investment vehicle of the Benetton family, is preparing a bid for Italian packaging manufacturer Guala Closures, valued at more than 1 billion euros ($1.2 billion) including debt, three sources said.

Hudson's Bay signals no interest in selling Galeria Kaufhof 4:19am EDT

DUESSELDORF/NEW YORK Canadian retailer Hudson's Bay signaled on Friday it had no intention of selling German department store chain Kaufhof, after people familiar with the matter said Austrian real estate company Signa Holding was considering a bid.

State Auto considers sale of E&S insurance business 9:35am EDT

Property and casualty insurer State Auto Financial Corp said on Friday it was considering options for its excess and surplus lines business, including a sale.