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Deals of the day- Mergers and acquisitions

Published 09/11/2015, 11:54 pm
Updated 10/11/2015, 12:00 am
© Reuters.  Deals of the day- Mergers and acquisitions

Nov 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1200 GMT on Monday:

** Canadian Natural Resources Ltd CNQ.TO will sell most of its royalty assets to PrairieSky Royalty Ltd PSK.TO in a C$1.8 billion ($1.4 billion) deal, joining other oil producers in shedding assets to weather a slump in crude prices.

** South African fixed-line operator Telkom TKGJ.J said it is in talks to buy rival Cell C, as it seeks to boost its fledging mobile phone business.

** Weyerhaeuser Co will purchase Plum Creek Timber Co Inc in a deal announced on Sunday that the two companies said would create a $23 billion timber, land and forest products company, the largest in the United States.

** Industrial rubber maker Trelleborg TRELb.ST said it was buying privately owned Czech CGS Holding to become a global leader in agricultural tires and strengthen its leading position in industrial tires.

** Chocolate and cocoa group Barry Callebaut BARN.S has acquired Nyonkopa Cocoa Buying Company Ltd in Ghana, the Swiss company said, giving no financial details.

** Coca-Cola Enterprises (N:CCE and two other European bottlers of Coca-Cola drinks have secured unconditional EU antitrust approval for their merger after regulators found no competition issues.

** Talks between Wincor Nixdorf WING.DE and its U.S. suitor Diebold are ongoing and constructive, the CEO of the German ATM maker said on Monday, but he stopped short of saying when a final agreement could be announced.

** The head of smartphone screen maker Japan Display Inc 6740.T said he would not turn down a partnership with embattled rival Sharp Corp 6753.T amid speculation that Japan Display's top investor, a state-backed fund, wants a tie-up between the two.

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** The board of Britain's National Grid Plc NG.L is weighing up options for its four gas distribution networks across the country, which may attract 10 billion pounds ($15.06 billion), the Sunday Times reported, citing people familiar with the matter.

** U.S. based asset management company Affiliated Managers Group (N:AMG) said on Sunday it has agreed to buy a majority of the equity stake held by BlueCrest Capital Management LP in Systematica Investments LP.

** Spanish renewable energy firm Abengoa ABGek.MC ABG.MC said on Sunday a local steel firm, Gonvarri, would invest 250 million euros in the company and become its main shareholder after also taking part in a planned rights issue.

** Santos Ltd's STO.AX rebuffed suitor, Scepter, is likely to walk away after Santos opted to sell A$500 million ($351 million) in new shares to a Chinese private equity firm at well below Scepter's offer price, a source familiar with Scepter's thinking said on Monday.

** Neptune Orient Lines Ltd (NOL) NEPS.SI said on Saturday that it was in preliminary talks with CMA and A.P. Moeller-Maersk MAERSKb.CO on a potential acquisition of the Singapore-based container liner.

** Private equity firm Apollo Global Management's deal with entrepreneur Nicholas Schorsch to take control of a real-estate investment business with roughly $19 billion of assets has fallen apart, the Wall Street Journal reported on Friday, citing people familiar with the matter.

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