Get 40% Off
🤑 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Deals of the day- Mergers and acquisitions

Published 07/06/2016, 11:25 pm
Updated 07/06/2016, 11:30 pm
© Reuters.  Deals of the day- Mergers and acquisitions

June 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Royal Dutch Shell RDSa.L will exit oil and gas operations in up to 10 countries in a drive to deepen cost cuts as it weathers weak oil prices and has to pay down debt following its $54 billion acquisition of BG Group. BHP Billiton (LON:BLT) BHP.AX has agreed to sell its coal assets in Indonesia to its partner, Adaro Energy ADRO.JK , following a slump in prices for metallurgical coal. Zimmer Biomet Holdings Inc ZBH.N , a maker of orthopedic reconstructive products, said it would buy LDR Holding Corp LDRH.O in a deal valued at about $1 billion to expand its presence in the market for spinal devices. Media investors are looking beyond the legal battle between the Redstone family and Viacom Inc VIAB.O CEO Philippe Dauman, speculating that a deal for the $18 billion media conglomerate could be on the horizon. Lotte Chemical Corp 011170.KS is bidding for U.S. chemicals maker Axiall Corp AXLL.N and Hanwha Chemical Corp 009830.KS flagged a likely U.S. deal, as cash-flush South Korean chemicals firms target acquisitions in a hunt for new revenue streams. Verizon Communications Inc (NYSE:VZ) VZ.N plans to submit a second-round bid of around $3 billion for Yahoo Inc 's YHOO.O core internet business, the Wall Street Journal reported, citing people familiar with the matter. Schindler SCHP.S has bought a stake in a Chinese lift maker as the Swiss company tries to close the gap on rivals Kone KNEBV.HE and Otis in the world's biggest market for elevators. Britain's competition watchdog said it would refer the proposed merger of ICAP Plc's IAP.L global hybrid voice broking business with Tullett Prebon Plc TLPR.L for an in-depth phase 2 probe unless the companies were able to address some of its concerns. British insurer esure Group Plc ESUR.L said it was considering strategic options, including a potential demerger for its price comparison website, Gocompare.com, and that it had appointed a new chief executive for the website. Gameloft 's GLFT.PA founding Guillemot family said it would sell its stake to Vivendi VIV.PA , following the unsolicited bid from the media giant. RIT Capital Partners Plc RCP.L , a British investment trust chaired by financier Jacob Rothschild, said it did not intend to make an offer for Alliance Trust Plc ATST.L . Shanghai Pengxin Group Co is in talks to buy control of Brazilian mid-sized lender Banco Indusval & Partners SA, as the Chinese conglomerate wants to expand beyond commodities in Latin America's largest economy, three sources with direct knowledge of the matter said. Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co 4240.SE has received an offer from a fund managed by a Dubai-based investment bank to buy its investment in Spanish clothing retailer Blanco for 350 million Saudi riyals ($93 million), it said in a bourse statement. The famed Los Angeles mansion of Hugh Hefner, founder of the Playboy empire, is under contract to be sold to private equity executive Daren Metropoulos, a Playboy Enterprises spokesman said on Monday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.