Reuters Deals Today: August 24, 2015

Click to View in Browser Monday, August 24, 2015 Big Food's natural brand acquisitions prosper best when left alone NEW YORK (Reuters) - When Hormel Foods Corp , maker of Spam canned meat, said it was buying Applegate Farms in May, fans of the organic and natural meat company lamented its takeover by Big Food on social media and questioned whether product quality would go down. Private equity firms team up to bid for Tesco's $6 billion South Korea unit: sources SEOUL/HONG KONG (Reuters) - Private equity firms have formed three separate teams to bid for Tesco's South Korean business valued at about $6 billion, four people with knowledge of the matter said on Friday, in what is tipped as Asia's biggest ever private equity deal. ANZ to launch sale of $720 million stake in Indonesian's Bank Panin: sources SINGAPORE/SYDNEY (Reuters) - Australia and New Zealand Banking Group will launch the sale process next week for its 39 percent stake in Bank Pan Indonesia Tbk (Panin) , worth about $720 million, people familiar with the matter told Reuters. Spa operator Steiner to be taken private for about $843 million (Reuters) - Steiner Leisure Ltd , an operator of spas on cruise ships and in hotels, will be taken private by Catterton Partners for about $843 million. Valeant to buy 'female Viagra' maker Sprout Pharma (Reuters) - Canada's Valeant Pharmaceuticals International Inc said on Thursday it would buy Sprout Pharmaceuticals, which makes a controversial new drug to treat low sexual desire in women, for about $1 billion. United Tech in talks to buy Nortek: WSJ (Reuters) - United Technologies Corp is in talks to buy residential products maker Nortek Inc , the Wall Street Journal reported, citing people familiar with the matter. New York Daily News no longer up for sale, Zuckerman says (Reuters) - The New York Daily News is no longer for sale, according to a memo sent to employees by the newspaper's owner, Mort Zuckerman, on Thursday. U.S. aerial surveillance firm acquires drone specialist WASHINGTON (Reuters) - Momentum Aviation Group (MAG), a private-equity-backed firm that carries out manned aerial surveillance in remote areas for the U.S. military, NATO and the United Nations, on Thursday said it had acquired privately held BOSH Global Services, which does similar work using drones. More takeovers seen for small U.S. banks as rates stay low (Reuters) - Consolidation among U.S. banks, particularly capital-squeezed small- and mid-cap lenders, is set to rise in the next year or two due to persistently low interest rates, RBC banking analyst Gerard Cassidy said. Sorin says Italy court ruling clears path for Cyberonics merger MILAN (Reuters) - Italian medical device group Sorin said a Milan court had dismissed a claim by the Italian state attorney against its merger with U.S.-based Cyberonics, allowing the deal to go ahead. Related Video Yearly gains erased from battered Shanghai stocks Miners turn to medical marijuana, e-cigarettes to cope with industry slump Related News Wall St. pulls back from record; utilities slump U.S. consumer confidence rises in December Make sense of the market with highlights of valuable financial information and reports along with compelling investment insights. Register Today Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook