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Deals of the day-Mergers and acquisitions

Published 28/09/2015, 08:21 pm
© Reuters.  Deals of the day-Mergers and acquisitions

Sept 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:

** Cypress Semiconductor Corp CY.O is working on an offer to acquire Atmel Corp ATML.O , the U.S. chipmaker that agreed to sell itself earlier this month to Dialog Semiconductor Plc DLGS.DE , according to people familiar with the matter. Cypress has informed Atmel it believes its offer will be superior to Dialog's cash-and-stock deal, which was worth $4.6 billion when it was announced on Sept. 20, the people said. ID:nL5N11X0U8

** Talks between Vodafone VOD.L and Liberty Global LBTYA.O about exchanging assets to better compete in Europe's converging mobile, broadband and TV markets collapsed because they could not agree on the value of their businesses. ID:nL5N11Y0IO

** U.S. cable company Comcast Corp CMCSA.O said it will buy a majority stake in Universal Studios Japan for $1.5 billion, its biggest investment outside the United States and part of an aggressive expansion of its theme park business globally. ID:nL3N11Y16L

** Barclays PLC BARC.L is in preliminary discussions with potential buyers to exit from parts of its investment banking business in Brazil, Sky News reported citing people familiar with the matter. ID:nL3N11Y03R

** BG Group BG.L said on Monday it had acquired stakes in three exploration blocks off the coast of Canada's Newfoundland months before its planned merger with Royal Dutch Shell RDSa.L . ID:nL5N11Y1KT

** Anheuser-Busch InBev SA ABI.BR could bid about $106 billion for SABMiller SAB.L within days, with an opening offer expected as early as Monday morning, the Sunday Times reported. ID:nL1N11X0NR

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** Kraton Performance Polymers Inc KRA.N , a producer of rubber used in adhesives, coatings and personal care products, said it would acquire privately held Arizona Chemical Holdings Corp for $1.37 billion in cash. ID:nL3N11Y31I

** French car maker Renault RENA.PA announced it would buy a majority stake in the financially stretched Lotus Formula 1 motor racing team in a move that could allow it return as a team in time for the 2016 season. ID:nL3N11Y2NK

** Telecom Italia TLIT.MI wants to close a sale or merger of its transmission tower arm Inwit INWT.MI by the end of 2015, two sources familiar with the matter said, as the Italian phone group is looking at options for the unit. ID:nL5N11Y1H6

** China's most popular ride-hailing app Didi Kuaidi said it has invested in Indian peer Ola, forging a new alliance within a network of companies challenging U.S. rival Uber Technologies Inc UBER.UL . ID:nL3N11Y1EH

** Gunvor GGL.UL is close to buying a Dutch oil refinery in Rotterdam belonging to Kuwait Petroleum Corp (KPC), industry and banking sources close to the deal told Reuters, as the trading house reinvests funds from Russian asset sales. ID:nL5N11Y1F3

** Taiwan's Hon Hai Precision Industry Co 2317.TW is considering buying a majority stake in Sharp Corp's 6753.T loss-making LCD business for up to 200 billion yen ($1.7 billion), Japan's Mainichi newspaper said, without citing any sources. ID:nL3N11Y16V

** Horizonte Minerals HZM.L said on Monday it had bought Glencore 's GLEN.L Araguaia nickel project in Brazil for $8 million. ID:nL5N11Y0N0

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** German salt and fertilizer company K+S SDFGn.DE is examining prospects for takeovers and the development of mines in Australia and Asia, a German newspaper reported on Sunday, citing a company spokesman. ID:nL5N11X0GB

** Australian telecoms company Vocus Communications Ltd VOC.AX said it plans to buy rival M2 Group Ltd MTU.AX for $1.3 billion, further consolidating a sector hoping to benefit from a national broadband network and take on Telstra Corp Ltd TLS.AX . ID:nL3N11X0FZ

** Germany's second-largest steelmaker Salzgitter SZGG.DE could one day merge with copper smelter Aurubis NAFG.DE , in which it holds a 25 percent stake, Salzgitter's chief executive told a newspaper. ID:nL5N11W0CW

** Myanmar's state-owned Myanma Petroleum Products Enterprise (MPPE) has agreed to a joint venture with Puma Energy Group Pte Ltd to distribute jet fuel, the state-owned Myanma Alinn daily reported on Saturday. ID:nL4N11W03L

($1 = 120.36 yen) ($1 = A$1.4259)

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