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Deals of the day-Mergers and acquisitions

Published 24/07/2017, 08:47 pm
© Reuters.  Deals of the day-Mergers and acquisitions
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July 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1045 GMT on Monday:

** Shares in British discount retailer B&M European Value Retail BMEB.L rose as much as 5.3 percent after a report that Asda, the UK supermarket arm of Wal-Mart Stores (NYSE:WMT) WMT.N , was considering a 4.4 billion pound ($5.7 billion) takeover bid. Ride-hailing firm Grab expects to raise $2.5 billion to spend extending its lead over Uber Technolgies Inc UBER.UL and expanding into financial services, in the latest injection of funds into Southeast Asia's burgeoning tech scene. Private equity company KKR & Co LLP KKR.N will announce that it has agreed to pay $66.50 per share in cash to acquire U.S. online health publisher WebMD Health Corp WBMD.O , a person familiar with the matter said. Swiss asset manager Partners Group PGHN.S has agreed to buy Civica from OMERS Private Equity in a deal valuing the U.K.-based software firm at around 1 billion pounds ($1.30 billion), the companies said. Japan's Mitsubishi Tanabe Pharma Corp 4508.T has agreed to buy Israeli drug maker Neuroderm NDRM.O for $1.1 billion in cash as part of a strategy to grow its business in the United States. Westpac Banking Corp WBC.AX said it is in exclusive talks with Charter Hall Group CHC.AX for the sale of its Hastings Funds Management unit, in the latest move by a big Australian bank to offload a capital intensive division. CIMB Group Holdings Bhd CIMB.KL , Malaysia's second-biggest bank, said its subsidiary will form an equity joint venture with Ant Financial Services Group ANTFIN.UL , the parent of Alipay, to provide mobile wallet and related financial services. Israel's Modiin Energy MDINp.TA said it is in talks with U.S. oil and gas producer Aera Energy to buy into three oil exploration projects in California. Irish budget carrier Ryanair RYA.I has submitted a non-binding bid for struggling Italian airline Alitalia, its chief financial officer said. Philippine President Rodrigo Duterte said he was accepting Mighty Corp's 25 billion pesos ($493.15 million) tax settlement offer. Italian beverage group Davide Campari CPRI.MI has sold its Carolans and Irish Mist brands to U.S. based group Heaven Hill Brands for $165 million, the group said.

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