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Deals of the day-Mergers and acquisitions

Published 09/08/2017, 08:03 pm
Updated 09/08/2017, 08:10 pm
© Reuters.  Deals of the day-Mergers and acquisitions

Aug 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:

** U.S. credit card processing company Vantiv moved closer to creating a $29 billion global payments powerhouse with a formal offer to buy Britain's Worldpay for 8 billion pounds ($10 billion). Goldman Sachs (NYSE:GS) GS.N has sold its remaining stake in British pensions insurance business Rothesay Life to a trio of existing investors including Singapore's sovereign wealth fund a decade after setting up the company. Hedge fund Senrigan Capital Management has asked Australian regulators to intervene in Yancoal Australia's YAL.AX efforts to fund its $2.69 billion purchase of the Coal & Allied division of Rio Tinto (LON:RIO) RIO.AX , saying it is unfair to minority shareholders. Bahrain-based Investcorp INVB.BH is aiming to make 10 investments across its private equity and real estate businesses in the current financial year, Co-Chief Executive Rishi Kapoor said on a media call. Brewers Anheuser-Busch InBev ABI.BR and Anadolu Efes AEFES.IS have agreed to merge their businesses in Russia and Ukraine, following years of decline in the Russian beer market due to tighter regulation. Unilever ULVR.L has agreed to buy certain of its Dutch preference shares and to launch a public offer for the rest that would value them at 450 million euros, as the Anglo-Dutch consumer goods company seeks to simplify its capital structure. Spanish bank Santander SAN.MC has sold control of property worth 10 billion euros ($12 billion) to U.S. investor Blackstone (NYSE:BX) Group BX.N , following its rescue of Banco Popular. Dish Network Corp DISH.O has joined forces with conservative media, trade and liberal advocacy groups in urging U.S. authorities to reject Sinclair Broadcast Group's SBGI.O proposed $3.9 billion acquisition of Tribune Media TRCO.N . SoftBank Group Corp 9984.T is investing $1 billion in Fanatics Inc as a part of a funding round that values the sports e-commerce company at $4.5 billion, according to sources familiar with the matter. French power company Engie SA ENGIE.PA is in talks to buy a wind power project in Brazil from local firm Renova Energia SA RNEW11.SA , according to a document from Brazil's power sector watchdog Aneel seen by Reuters on Tuesday. Hitachi Ltd 6501.T said U.S. buyout firm KKR KKR.N has put on hold a planned tender offer for its chip-making equipment and video solution unit, Hitachi Kokusai Electric 6756.T , that had been scheduled for early August.

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