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Deals Rumor Mill: Aramco, VW, Apple

By Adam Rhodes (August 22, 2018, 6:06 PM EDT) -- State-run oil giant Saudi Aramco scrapped plans to list at home and abroad, Reuters reported on Wednesday. Citing anonymous sources, the outlet reported that the decision comes as the nation focuses instead on buying a stake in chemicals company SABIC. According to one of the outlet's sources, the decision "was taken some time ago." The report comes after Reuters reported in mid-July that Aramco was eyeing a stake in SABIC. Weeks later, Bloomberg reported that the oil giant was considering funding the deal through the international bond market....

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