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Deals of the day-Mergers and acquisitions

Published 03/11/2017, 09:10 pm
Updated 03/11/2017, 09:20 pm
© Reuters.  Deals of the day-Mergers and acquisitions
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Nov 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:

** Malaysian state energy company Petronas PETR.UL and Aramco are facing "technical issues" in finalising the Saudi oil major's $7 billion investment in a refinery project, but the deal will be completed soon, state news agency Bernama reported. Unilever ULVR.L UNc.AS said it would buy the specialty tea brand Tazo from Starbucks (NASDAQ:SBUX) in a deal valued at $384 million. Westpac Banking Corp WBC.AX said it had agreed to sell its Hastings fund management business to a London-based asset manager, in the latest move by a big Australian bank to offload a capital intensive division. T-Mobile US TMUS.O and Sprint S.N are working to salvage their $74 billion merger and could reach a deal within weeks, the Wall Street Journal reported, citing people familiar with the matter. British energy supplier Centrica CNA.L has bought Belgian demand response aggregator REstore for 70 million euros ($82 million), it said.

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