#pickbyjd >> Blackberry pushes into cybersecurity with $1.4bn takeover of Cylance
Plus other M&A news below, but let us start with a quote of the day!
** Siemens and Alstom said they will not seek a hearing in front of European Union regulators to address antitrust concerns about their planned rail merger.
** Indian conglomerate Tata Sons Ltd said it is in preliminary talks with struggling Jet Airways Ltd but has not made a proposal to acquire a stake, cooling speculation that a deal was imminent.
** Japan’s Mitsubishi UFJ Financial Group is the leading bidder for the aviation financing business of Germany’s No.2 lender DZ Bank, people close to the matter said.
** Union Bank, Albania’s eighth biggest bank, has bought the smaller Malaysian-owned International Commercial Bank (ICBank), the Albanian central bank told Reuters.
** ABB is in talks with Hitachi Ltd and Mitsubishi Electric Corp to sell all or part of the Swiss engineering group’s embattled power grids business, sources familiar with the issue told Reuters.
** Lufthansa is considering divesting its catering business LSG Sky Chefs, Chief Executive Carsten Spohr told business daily Boersen-Zeitung.
** JO Hambro, a top-5 shareholder in Restaurant Group , said it backed a proposed 357 million pounds ($456.39 million) deal to buy noodle chain Wagamama.
** Germany’s SAP still expects its margins to expand after its $8 billion takeover of Qualtrics, a U.S. company that specializes in tracking the sentiment of consumers online, Chief Financial Officer Luka Mucic said.
** T-Mobile US Inc’s Chief Financial Officer said there is a possibility that its $26 billion acquisition deal of Sprint Corp will close as early as the first quarter of 2019.