Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Deals of the day- Mergers and acquisitions

Published 26/09/2016, 09:02 pm
© Reuters.  Deals of the day- Mergers and acquisitions
ACS
-
LXSG
-
SYENF
-
0023
-
SAI
-
CG
-
7312
-

Sept 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Monday:

** Lanxess AG LXSG.DE is to buy U.S. specialty chemical company Chemtura CHMT.N for 2.4 billion euros ($2.69 billion)including debt in the German company's largest ever takeover, moving it further away from its main synthetic rubber business. A group of Chinese buyers said their co-invested green industry fund has entered into a deal to buy Spanish builder and service provider ACS's ACS.MC waste treatment firm Urbaser for 1.16 billion to 1.40 billion euros ($1.30 billion to $1.57 billion). Bank of East Asia 0023.HK , under attack from activist investor Elliott Management, has received about five final bids from suitors including Vistra Group and buyout firm Permira for its share registry business that is valued at about $800 million, people familiar with the matter said. Private equity firm Carlyle Group LP CG.O said it will buy a majority stake in South African promotional products and clothing maker Amrod and plans to expand the business in other markets. The plan to sell beleaguered Takata Corp 7312.T to a rescuer, slated by year-end, is likely to extend into next year as some bidders want to drag the air bag maker through bankruptcy to wipe out most of its debt, people with knowledge of the matter said. China National Chemical Corp (ChemChina) CNNCC.UL has sought antitrust approval for its $43 billion bid for Swiss pesticides and seeds group Syngenta SYNN.S from the European Union and a decision is expected by Oct. 28. Singapore's BandLab Technologies will buy 49 percent of Rolling Stone magazine from publisher Wenner Media and plans to expand the business into new markets and boost its profile in Asia, the two companies said. Australian risk compliance services firm SAI Global Ltd SAI.AX is backing a A$1 billion ($761 million) takeover from Hong Kong-based Baring Asia Private Equity, two years after KKR & Co LP KKR.N and a domestic buyout firm scrapped a higher offer.

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.