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Deals of the day- Mergers and acquisitions

Published 15/03/2016, 09:17 pm
© Reuters.  Deals of the day- Mergers and acquisitions

March 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday:

** Australia's Asciano Ltd AIO.AX agreed to a A$9.1 billion ($6.8 billion) buyout by two global consortia after a seven-month bidding war for the port and rail giant, although doubts persist over anti-trust and foreign ownership issues. Italy's Campari Milano SpA CPRI.MI , the world's sixth largest spirits company, said it would launch a friendly takeover bid for Grand Marnier GDMR.PA , valuing the French liqueur maker at 684 million euros ($759 million). Sony Corp 6758.T said it signed an agreement with Michael Jackson's estate to buy for $750 million the deceased pop star's stake in Sony/ATV Music Publishing, the world's largest music publisher which controls songs such as The Beatles' "All You Need Is Love." Polish billionaire Leszek Czarnecki is close to a deal to sell his debt-collecting company GetBack for over 800 million zlotys ($208 million), raising cash for his Idea Bank SA IDE.WA , Puls Biznesu daily on Tuesday quoted its sources as saying. A unit of telecoms multinational Verizon Communications Inc (NYSE:VZ) VZ.N signed a direct interconnection agreement with the Cuban state monopoly Etecsa, expanding on existing roaming services in the Caribbean country, Etecsa said on Monday. A takeover consortium spurned by Australia's largest wheat exporter, Cooperative Bulk Handling Ltd (CBH), will seek to force an emergency meeting of the grain handler to revive its bid, two sources said on Tuesday. Pakistan's MCB Bank Ltd (MCB) MCB.KA is interested in buying the operations of NIB Bank Ltd (NIB) NDIF.KA in Pakistan, according to a filing with the Pakistan stock exchange on Tuesday. ($1 = 0.90 euros) ($1 = 3.85 zlotys)

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