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Deals of the day- Mergers and acquisitions

Published 15/08/2015, 06:03 am
© Reuters.  Deals of the day- Mergers and acquisitions
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(Adds Mylan, General Electric (NYSE:GE), Peltz's hedge fund, Carlyle, Sandell Asset Management, ICA)

Aug 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** General Electric GE.N is expected to secure EU approval for its proposed 12.4-billion-euro ($13.8 billion) bid for French peer Alstom 's ALSO.PA power business, its largest ever deal, two people familiar with the matter said on Friday. ID:nL5N10P48J

** European Union antitrust regulators will decide by Jan. 13 instead of Dec. 8 whether to clear FedEx (NYSE:FDX)'s FDX.N 4.4-billion-euro ($4.90 billion) bid for Dutch rival TNT after the logistics companies asked for more time. ID:nL5N10P1WN

** China's Shenhua Group SHGRP.UL is among six parties assessing bids for Rio Tinto 's RIO.L RIO.AX $4 billion thermal coal business, the Australian Financial Review reported. ID:nL3N10O6GG

** Activist investor Nelson Peltz's hedge fund, Trian Partners, has picked up a more than 7 percent stake in Sysco Corp (NYSE:SYY) SYY.N for about $1.6 billion, calling the largest U.S. food distributor's shares "undervalued". ID:nL3N10P59B

** French shipping and transit company Geodis SA is near a deal to pay close to $800 million for U.S. contract shipping provider Ozburn-Hessey Logistics LLC in what would be the latest in a string of logistics tie-ups this year, people familiar with the deal said. ID:nL1N0YR1KQ

** Goldman Sachs (NYSE:GS) GS.N has sold its controversial Colombia coal mining division to privately held Murray Energy, Murray said on Thursday. ID:nL1N10O3B9

** Carlyle Group LP CG.O offered to buy Brazilian specialized assistance provider Tempo Participações SA TEMP3.SA for up to 718 million reais ($204 million) in what may be the private equity firm's second deal in the country this year. ID:nL1N10P0MG

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** Goldman Sachs is buying GE Capital Bank's U.S. online deposits, a move that will give the largest U.S. investment bank a more stable source of funding to help it better weather future crises. ID:nL3N10O5Z8

** Syndication of a $650m-equivalent covenant-lite leveraged loan financing backing online gambling company 888 Holdings' 888.L acquisition of London-listed Bwin.party BPTY.L has been put on hold until there is more clarity on the M&A process, banking sources said on Friday. ID:nL5N10P2BO

** Swedish telecoms provider TeliaSonera TLSN.ST and Norway's Telenor TEL.OL have offered concessions to try to address EU regulatory concerns about their plan to combine forces in Denmark. ID:nL5N10P1WQ

** Activist investor Sandell Asset Management Corp said furniture retailer Ethan Allen Interiors Inc ETH.N should consider selling itself to a private equity firm or monetize its real estate holdings. ID:nL3N10P4NO

** Mexico's top builder, ICA ICA.MX , does not plan to sell its remaining stake in airport operator OMA OMAB.MX or seek a capital injection, the company's chief executive, Alonso Quintana, told Reuters on Friday. ID:nL1N10P1RM

** The Rohatyn Group sold its stake in Sharekhan, India's leading online retail brokerage, to BNP Paribas (PARIS:BNPP), according to a source familiar with the deal, marking the latest in a series of exits on a portfolio bought by the private equity firm two years ago. ID:nL1N10P1IC

** Global miner and commodity trader Glencore GLEN.L said it had sold stakes in three mines it inherited through its Xstrata takeover for about $290 million. ID:nL5N10P1DX

** Brazil's Dayan family, which in June offered to buy out the shares it does not yet own of mid-sized lender Banco Daycoval SA in an offering, adjusted the bidding price to account for a recent divident payout. ID:nL1N10P0S7

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** Turkey's privatization body has canceled a planned sale of two insurance units of state-owned lender Halkbank HALKB.IS , the bank said in a statement to the Istanbul stock exchange late on Thursday. ID:nL5N10P100

** ISS Proxy Advisory Services on Friday recommended that its institutional investor clients vote against Mylan NV's MYL.O $34 billion hostile takeover offer of Perrigo Co (NYSE:PRGO) PRGO.N , saying that it would result in significant dilution. ID:nL1N10P0P4

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