Hitachi, Ltd.

Japan's Hitachi Ltd is nearing a deal to sell its unit Hitachi Chemical to Showa Denko in a transaction that could be worth about 950 billion yen ($8.74 billion), the Nikkei https://asia.nikkei.com/Business/Business-deals/Hitachi-nears-sale-of-core-chemical-unit-to-Showa-Denko...

Hitachi Ltd <6501.T> will merge its vehicle components unit with Honda's <7267.T> three suppliers in a bid to cut development costs and better respond to a rapid industry shift to electric vehicles (EV) and self-driving.

Hitachi Ltd unit Hitachi Automotive Systems and three Honda Motor Co -affiliated suppliers plan to merge in what will create Japan's third-biggest auto parts supplier by sales, the Yomiuri newspaper reported on Wednesday.

Japan's Hitachi Ltd <6501.T> has narrowed suitors for its $6.8 billion chemical unit to a handful of companies including Bain Capital and Carlyle Group LP <CG.O>, people with knowledge of the deal said.

The United Arab Emirates' Etihad Rail on Wednesday said it awarded a 1.6 billion dirhams ($436 million) systems and integration contract to Hitachi Rail STS for stage two of the national railway network.

Thyssenkrupp <TKAG.DE> plans to give potential bidders access to the data room of its elevator division in the coming days, three people familiar with the matter said, as one of Europe's biggest M&A deals of the year picks up pace.

Tokyo Electric Power, <9501.T> Chubu Electric Power, <9502.T> Hitachi <6501.T> and Toshiba <6502.T> have agreed to consider cooperating on their nuclear plant businesses, the companies said in a statement on Wednesday.

Japan's Hitachi Ltd <6501.T> has started the formal process for the sale of its $5.6 billion chemical unit with initial bids due in August, people familiar with the matter said, a deal that is expected to draw interest from global private-equity firms.

Japan's Hitachi Ltd has started the formal process for the sale of its $5.6 billion chemical unit with initial bids due on Aug. 9, people familiar with the matter said, a deal expected to draw interest from global private equity firms.

U.S. chip gear maker Applied Materials Inc <AMAT.O> on Monday agreed to buy Japanese peer Kokusai Electric for $2.2 billion from KKR & Co Inc <KKR.N>, as it bets on rising demand for memory chips used in data centers, 5G phones and AI-powered devices.

The following bids, mergers, acquisitions and disposals were reported by 1345 GMT on Monday:

Applied Materials Inc, the world's biggest supplier of chipmaking equipment, will buy Japanese semiconductor device maker Kokusai Electric for about 250 billion yen ($2.31 billion), the Nikkei reported on Monday.

Air Canada said on Thursday that Canadian tour operator Transat AT Inc accepted its all-cash bid of C$520 million ($396 million), but some Transat shareholders want more and must approve the transaction.

Real estate developer Group Mach Inc said on Tuesday its C$527.6 million bid to acquire Canadian tour operator Transat AT Inc does not need to rely on funding from Quebec, making the offer more attractive than Air Canada's.

Real estate developer Group Mach Inc said on Tuesday it has waived its financing conditions relating to its C$527.6 million bid to acquire Canadian tour operator Transat AT Inc.

Quebec real estate developer Group Mach Inc said on Friday it had formally tabled an offer for Transat AT Inc that was higher than Air Canada's earlier bid for the Canadian travel operator.

Canada's Bombardier is opening a new facility in California that will assemble rail cars for San Francisco's rapid transit system by year's end, and potentially serve other West Coast rail projects.

Real estate developer Group Mach Inc said on Friday it had submitted a formal offer for Canadian travel operator Transat AT Inc on Thursday.

Global private equity firms Bain Capital, Carlyle Group and KKR & Co are among potential bidders for Japanese conglomerate Hitachi Ltd's chemical unit, three people familiar with the situation told Reuters.