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Deals of the day-Mergers and acquisitions

Published 09/10/2017, 09:17 pm
Updated 09/10/2017, 09:20 pm
© Reuters.  Deals of the day-Mergers and acquisitions
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Oct 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday:

** Honeywell International Inc (NYSE:HON) HON.N plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter. Singapore's City Developments CTDM.SI has offered to buy the remaining shares of Millennium & Copthorne Hotels MLC.L (M&C) it does not own in a deal that values the UK-listed hotels group at about 1.8 billion pounds ($2.35 billion). Advisers to China's Sinopec 600028.SS have offered its oil assets in Argentina to about a dozen potential suitors, three sources familiar with the matter said, as losses and labour headaches prompt Asia's largest refiner to pull out. The subprime lender OneMain Holdings Inc OMF.N has put itself up for sale and is running an auction to solicit takeover bids, according to a person familiar with the matter. France's Accor SA ACCP.PA has bid A$1.18 billion ($920 million) for Mantra Group Ltd MTR.AX - a deal that would combine the two biggest hotel owners in Australia and seek to capitalise on surging tourism in the country. Bpost BPOST.BR , Belgium's national postal deliverer, said it has agreed to buy U.S.-based e-commerce service provider Radial EBAYG.UL for $820 million including debt. Australia's AMP Capital has bought U.S. logistics group ITS ConGlobal from Carlyle Infrastructure Partners, marking the Australian fund manager's largest-ever North American deal. Australian almond producer Select Harvests Ltd SHV.AX said on Monday it received a takeover proposal from United Arab Emirates sovereign wealth fund Mubadala Investment Company PJSC for A$5.85 ($4.54) per share, a 39 percent premium to its previous close on Wednesday. Australian engineering firm WorleyParsons Ltd WOR.AX said it would buy the former upstream oil and gas assets of Britain's Amec Foster Wheeler Plc AMFW.L for 228 million pounds ($298 million), marking its entry into the UK North Sea market. Credit Agricole's CAGR.PA chief, Philippe Brassac, has expressed interest in Commerzbank CBKG.DE if the German lender were to be up for sale, according to an interview with the Handelsblatt newspaper. Oman Telecommunication Co (Omantel) OTEL.OM said it had agreed to buy a 12 percent stake in Kuwaiti telecommunications firm Zain ZAIN.KW in a deal that will more than double its stake. State-run oil giant Saudi Aramco IPO-ARMO.SE is in talks with several Indian refiners and hopes to land a joint venture deal by next year, the company's chief executive told Reuters on Sunday.

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