Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Deals of the day- Mergers and acquisitions

Published 02/09/2016, 06:00 am
Updated 02/09/2016, 06:10 am
© Reuters.  Deals of the day- Mergers and acquisitions

(Adds Hewlett Packard Enterprise, J.P. Morgan Asset Management; updates Respol, CK Hutchison Holdings)

Sept 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Hewlett Packard Enterprise Co (HPE) HPE.N is in talks with buyout firm Thoma Bravo LLC to sell its software division, hoping it can fetch between $8 billion and $10 billion, according to people familiar with the matter. Canada Pension Plan Investment Board (CPPIB) bought a 50 percent interest in a Canadian office portfolio from real estate developer Oxford Properties Group for about $1.18 billion. J.P. Morgan Asset Management, a unit of JP Morgan Chase (NYSE:JPM) & Co JPM.N , has acquired nearly all of solar power developer Sonnedix Group, the companies said on Thursday. Chilean chemical and fertilizer producer SQM said on Thursday that it had agreed to buy a 17 percent stake in Australia's Elemental Minerals Ltd ELM.AX , giving it a foothold in various potassium deposits in the Republic of Congo. Spanish oil firm Repsol REP.MC and Criteria Caixa, an industrial holding company that owns Caixabank CABK.MC , said on Thursday they were in talks with various investors to each sell around 10 percent of Gas Natural GAS.MC . CK Hutchison Holdings 0001.HK won EU approval on Thursday for the planned merger of its Italian mobile unit with that of VimpelCom VIP.O , after pledging to help French maverick Iliad ILD.PA enter the Italian market. Finnish food maker Paulig Group is buying 51 percent of Gold&Green Foods, a food technology start-up behind so-called pulled oats, saying it would expand the meat substitute internationally. An Italian court said it upheld its decision not to freeze a bid by Cairo Communication CAI.MI for publisher RCS Mediagroup RCSM.MI , rejecting a request by a consortium of rival bidders. Investment fund Global Infrastructure Partners (GIP) is in preliminary talks to buy a 20 percent stake of Gas Natural GAS.MC , two sources familiar with the matter told Reuters. Nestle NESN.S announced a deal to buy Phagenesis, a British medical device company working on a new treatment for dysphagia, a condition where patients are unable to swallow safely. Germany's biggest airline Lufthansa LHAG.DE plans to sign a joint venture contract with Air China 601111.SS 0753.HK later this month, rounding off over two years of negotiations, two people familiar with the matter said. Sunovion Pharmaceuticals Inc, a unit of Japan's Dainippon Sumitomo Pharma Co Ltd 4506.T , said it would buy Canada's Cynapsus Therapeutics Inc CTH.TO CYNA.O for about $624 million. South African fast-food group Famous Brands FBRJ.J bought Britain's Gourmet Burger Kitchen (GBK) for 2.1 billion rand ($143.3 million), saving nearly a fifth on the price due to the weaker pound in the wake of Brexit, the firm said. State Grid Corp of China STGRD.UL plans to sign final terms of the purchase of a 23.6 percent stake in Brazilian power holding company CPFL Energia SA from conglomerate Camargo Correa SA as early as Friday, said a person directly involved in the matter. Kroton Educacional SA KROT3.SA , the world's largest education company by market value, may sell units of Estácio Participacoes SA ESTC3.SA in order to secure antitrust approval for a takeover of its rival, a person with direct knowledge of the matter said on Wednesday. A Chinese-backed consortium interested in acquiring a stake in Liverpool is willing to raise its valuation of the Premier League club closer to 1 billion pounds ($1.33 billion), Bloomberg reported on Thursday, citing a source familiar with the situation. U.S. regulators said on Thursday that they had approved American Air Liquide (PA:AIRP) Holdings' bid to sell some of its assets to Matheson Tri-Gas to settle charges that its recent merger with Airgas Inc (NYSE:ARG) would have harmed industrial gas competition. Goldman Sachs (NYSE:GS) GS.N and Citigroup (NYSE:C) C.N will advise Goldman Sachs' infrastructure fund GSIP GGIAX.OX on the sale of its Spanish energy business Redexis in the next few weeks, three sources familiar with the matter told Reuters.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.