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Deals of the day- Mergers and acquisitions

Published 24/12/2015, 09:33 pm
© Reuters.  Deals of the day- Mergers and acquisitions

Dec 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:

** Pep Boys - Manny Moe & Jack PBY.N said investor Carl Icahn was willing to pay as much as $1 billion for the U.S. auto parts retailer to keep rival bidder Japanese tire maker Bridgestone Corp 5108.T at bay. urn:newsml:reuters.com:*:nL3N14D1WD

** State-run Korea Development Bank said it has chosen brokerage Mirae Asset Securities Co Ltd 037620.KS and its affiliate as the preferred bidder for a controlling stake in its unit, Daewoo Securities 006800.KS . urn:newsml:reuters.com:*:nL3N14D1JU

** BNP Paribas BNPP.PA said on Wednesday it is considering "strategic alternatives" for its U.S. unit First Hawaiian Bank which could help France's biggest listed bank reach regulatory capital requirements by mid-2017. urn:newsml:reuters.com:*:nL8N14C3FR

** PostNL PTNL.AS of the Netherlands said it is unaware of takeover talks with Britain's Royal Mail RMG.L , after a media report speculated discussions were underway, driving up the Dutch mail company's shares. urn:newsml:reuters.com:*:nL8N14D0SI

** Mitsubishi Electric 6503.T said on Thursday it has completed a deal to acquire 74.97 percent of the share capital of Italian air conditioning company DeLclima DLCL.MI following an agreement in August. urn:newsml:reuters.com:*:nL8N14D0HW

** Nexstar Broadcasting Group NXST.O is in talks to buy Media General MEG.N for around $17.50 per share in a more than $2 billion deal that would create the second largest U.S. local television broadcaster, according to two sources familiar with the situation. urn:newsml:reuters.com:*:nL1N14C1EO

** India's Reliance Infrastructure Ltd RLIN.NS is in advanced talks to sell its cement business for 26 billion rupees ($394 million) and a deal could be announced as soon as this week, said a source with direct knowledge of the matter. urn:newsml:reuters.com:*:nL3N14C3U3

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** China Vanke Co 000002.SZ 2202.HK hailed on Thursday a decision by privately owned Anbang Insurance Group to buy a stake, days after it dismissed as unwelcome a similar investment by Baoneng Group that made the insurance and property conglomerate its biggest shareholder. urn:newsml:reuters.com:*:nL3N14D0TB

** Saudi Arabia's Kingdom Holding 4280.SE , the investment firm of billionaire Prince Alwaleed bin Talal, said on Thursday it had led a group of investors which bought 5.3 percent of U.S. ride-hailing firm Lyft Inc for $247.7 million. urn:newsml:reuters.com:*:nL8N14D09I

** Mexico's ICA has sold its stake in an environmental waste firm for around 1.2 billion pesos ($69.69 million), two people close to the negotiations said, as the embattled construction company scrambles for cash after declaring it would default. urn:newsml:reuters.com:*:nL1N14C1VJ

** Baring Private Equity Asia said it was looking to offer S$450 million ($320 million) to buy Singapore listed Interplex Holdings INTP.SI , majority owned by CVC Capital Partners and the private equity arm of Standard Chartered STAN.L . urn:newsml:reuters.com:*:nL3N14C39A

** U.S. railroad operator Norfolk Southern Corp (N:NSC) NSC.N rejected Canadian Pacific Railway Ltd's CP.TO revised bid, reiterating that it was "grossly inadequate" and created "substantial regulatory risks and uncertainties". urn:newsml:reuters.com:*:nL3N14C43B

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