Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Deals of the day- Mergers and acquisitions

Published 04/02/2016, 08:00 am
© Reuters.  Deals of the day- Mergers and acquisitions
CSGN
-
AXAF
-
VIE
-
AABA
-
SIGSI
-
SYENF
-
WFC
-
OTPB
-
RON
-

(Adds Lowe's, BBA Aviation, Credit Suisse )

Feb 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** China's state-owned ChemChina will make an agreed $43 billion bid for Swiss seeds and pesticides group Syngenta AG SYNN.VX , the companies said on Wednesday, marking the largest ever overseas acquisition by a Chinese firm. U.S. home improvement retailer Lowe's Cos Inc LOW.N agreed to buy Canada's Rona Inc RON.TO for C$3.2 billion ($2.28 billion), winning over Rona's board with a far higher offer than an unsolicited bid more than three years ago that was opposed by the company and Quebec politicians. Yahoo Inc YHOO.O said on Tuesday it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. British aircraft services company BBA Aviation Plc BBA.L has won U.S. antitrust approval to buy U.S. competitor Landmark Aviation LNDAV.UL , the Justice Department said on Wednesday. The deal was valued at $2.065 billion when it was announced in September. Wells Fargo (N:WFC) & Co WFC.N denied it was in talks to buy assets from Swiss lender Credit Suisse CSGN.VX . "There is no truth to the rumor being reported," Wells Fargo spokeswoman Elise Wilkinson said. Australian investment fund QIC Ltd QINVE.UL said on Wednesday it has agreed to buy a majority stake in a U.S. shopping center and other development rights, in a deal valued at about $750 million. French water and waste group Veolia Environnement Ve Sa VIE.PA said it bought U.S. nuclear waste clean-up company Kurion for $350 million as it chases a slice of a market seen worth $210 billion over the next 15 years. French insurer AXA SA AXAF.PA said on Wednesday it reached a deal with OTP Bank Nyrt OTPB.BU to sell its Hungarian banking operations as its AXA Bank Europe unit focuses on the Belgian retail market. Mercator Solutions, a technology services company backed by private equity firm Warburg Pincus WP.UL , is in talks with two or three companies about potential acquisitions, its chief executive told Reuters in an interview.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.