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Deals of the day- Mergers and acquisitions

Published 14/12/2015, 10:23 pm
© Reuters.  Deals of the day- Mergers and acquisitions
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Dec 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Monday:

** Royal Dutch Shell Plc RDSa.L cleared the final regulatory hurdle for its takeover of BG Group Plc BG.L after receiving the green light from China on Monday, leaving the deal on track for completion by early 2016 following shareholder votes.

** Deutsche Wohnen AG DWNG.DE , Germany's second largest real estate group, urged shareholders not to accept a hostile takeover bid from larger rival Vonovia SE VNAn.DE , saying the offer's structure and value was "inadequate".

** AstraZeneca Plc AZN.L said it was in talks that might lead to the acquisition of privately held biotech firm Acerta Pharma, a potential $5 billion-plus deal designed to build up its cancer drug portfolio.

** The Australian government said it had hired investment bank Macquarie Group Ltd MQG.AX to help decide the future ownership of an interstate rail network valued at A$3.6 billion ($2.6 billion), advancing its plan to raise cash by selling infrastructure.

** Greece's leftist government signed its first big privatization deal with German airport operator Fraport Frankfurt Airport Services Worldwide AG FRAG.DE , awarding it a 1.2 billion euro contract to lease and manage 14 regional airports.

** Chinese solar panel maker Trina Solar Ltd TSL.N said it received a preliminary proposal from its chief executive and Shanghai Xingsheng Equity Investment & Management Co to take the company private.

** RPC Group Plc RPC.L said it would buy French bottle-top maker Global Closure Systems (GCS Group) for an enterprise value of 650 million euros ($712 million) to strengthen its position in Europe's plastic packaging market.

** Alibaba (N:BABA) Group Holding Ltd BABA.N has agreed on a $266 million deal to acquire the South China Morning Post and other media assets of SCMP Group Ltd 0583.HK , a deal that has raised a question over the outlook for its editorial independence.

** Norway's Sparebanken Hedmark SPBNK.UL said it has raised its stake in Bank 1 Oslo Akershus SOGASB.UL to 100 percent from 40.5 percent, creating the country's fourth-largest savings bank ahead of a planned stock market listing next year. It total, Hedmark paid 1.9 billion crowns ($219.04 million), almost all in the form of stocks.

** Israeli flavour and fine ingredients maker Frutarom Industries Ltd FRUT.TA has agreed to buy Austrian savoury flavour maker Wiberg for 119 million euros ($130 million), it said on Monday, its largest acquisition ever.

** Saudi Telecom Co SJSC 7010.SE will offer 1 dinar ($3.30) per share to buy out other shareholders in its Kuwaiti affiliate Viva VIVA.KW , the former monopoly said on Monday in what amounts to a 9 percent discount on Viva's last closing price.

** Italian business family Del Vecchio has bought the 13 percent stake in Luxembourg flag carrier Luxair the country's government had put up for sale earlier this year.

** China National Petroleum Corp CNPET.UL has signed a strategic cooperation agreement with Abu Dhabi's Mubadala Petroleum, the Chinese state-run oil giant said on Monday.

** Brazilian paper and pulp maker Suzano Papel e Celulose SA SUZB5.SA is considering buying a minority stake in rival producer Fibria Celulose SA FIBR3.SA , Suzano chief executive Walter Schalka told newspaper O Estado de S. Paulo.

** South Africa's Tiger Brands Ltd TBSJ.J said it would sell its 65.7 percent stake in its loss making Nigerian division to Dangote Industries Ltd for $1.

** Buyout firm Apollo Global Management LLC APO.N is in the lead to acquire U.S. government services provider PAE in a deal that could value it at close to $900 million, including debt, people familiar with the matter said on Friday.

** Specialty drug maker Horizon Pharma Plc HZNP.O said on Friday it has agreed to buy Crealta Holdings for $510 million in cash, adding the only U.S.-approved treatment for a type of arthritis to its portfolio.

** Japanese tire maker Bridgestone Corp 5108.T on Friday raised its offer for U.S. auto parts retailer Pep Boys - Manny, Moe & Jack PBY.N by 50 cents a share to $15.50 per share.

** Warren Buffett has cut his stake in German reinsurer Munich Re MUVGn.DE again, after warning earlier this year that prospects for the reinsurance industry had turned gloomier.

($1 = 1.39 Australian dollars) ($1 = 7.75 Hong Kong dollars) ($1 = 8.67 Norwegian crowns) ($1 = 0.30 Kuwaiti dinars) ($1 = 0.92 euros)

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