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Deals of the day- Mergers and acquisitions

Published 02/08/2016, 06:00 am
Updated 02/08/2016, 06:00 am
© Reuters.  Deals of the day- Mergers and acquisitions

(Adds Trina Solar, Old Mutual , Sony Corp, SABMiller)

Aug 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** A Chinese consortium, that includes game developer Shanghai Giant Network Technology Co Ltd and e-commerce company Alibaba (NYSE:BABA) Group Holding Ltd BABA.N founder Jack Ma, has agreed to acquire Caesars Interactive Entertainment Inc's online games unit for $4.4 billion in cash, the companies said. Private equity firm Advent International is in advanced talks to acquire inVentiv Group Holdings Inc in a deal that could value the U.S. pharmaceutical research firm at close to $4 billion, including debt, people familiar with the matter said on Sunday. SolarCity Corp SCTY.O agreed to Tesla Motors Inc's TSLA.O $2.6 billion offer to buy the solar panel installer, the companies said Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Verizon Communications Inc (NYSE:VZ) VZ.N said it would buy GPS vehicle tracking company Fleetmatics Group Plc FLTX.N for about $2.4 billion in cash to expand into the connected vehicle and fleet management market. Ride-hailing firm Didi Chuxing said it will buy Uber Technologies Inc's China operations, in a deal that will give Uber a stake in the company and end bruising competition between the two. The deal is valued at $35 billion, according to a source familiar with the matter, combining Didi's $28 billion worth and Uber China's $7 billion valuation. Chinese solar panel maker Trina Solar Ltd TSL.N said on Monday it would be taken private in a deal valuing it at about $1.1 billion, accepting an offer from a consortium including its chief executive nearly eight months after it was made. Indonesian state energy firm Pertamina plans to buy a one quarter stake in France's Maurel et Prom from its boss and extend the offer to take over the rest of the Africa-focused oil company in a deal that could value it at close to $1 billion. GlaxoSmithKline Plc GSK.L and Google parent Alphabet Inc's GOOGL.O life sciences unit are creating a new company focused on fighting diseases by targeting electrical signals in the body, jump-starting a novel field of medicine called bioelectronics. Pfizer Inc (NYSE:PFE) PFE.N said it had acquired privately held gene therapy developer Bamboo Therapeutics Inc in a deal worth up to $645 million to boost its presence in the treatment of rare diseases. Qatar Airways lifted its stake in British Airways-owner IAG ICAG.L by about 4.34 percent to 20 percent but said on Monday that was its limit, buying shares worth about 375 million pounds ($496.61 million) on what it called an attractive buying opportunity. European private equity fund Cinven CINV.UL is about to start exclusive talks to buy the Italian wealth arm of financial services firm Old Mutual OML.L for about 300 million euros ($335 million), a source with knowledge of the deal told Reuters. Australia's Iluka Resources Ltd ILU.AX has made a 215 million pound ($284 million) all-cash takeover offer for rival mineral sands producer Sierra Rutile Ltd SRXR.L , looking to take advantage of a market slump to boost its long-term resources. Singapore-based urban planning consultancy Surbana Jurong Pvt Ltd, owned by state investor Temasek Holdings TEM.UL , has agreed to buy Australia-based SMEC Holdings Ltd for about S$400 million ($298 million), increasing its global reach. EU antitrust regulators on Monday cleared Sony Corp's 6758.T bid to buy out Michael Jackson's stake in its music publishing joint venture, the world's largest with copyrights to the Beatles' songs and songs by Taylor Swift. Anheuser-Busch InBev ABI.BR and SABMiller SAB.L , the world's two largest brewers, set out a timetable on Monday for the final stages of their $100 billion-plus merger, with completion of the deal expected in a little more than two months. British quantum dots maker Nanoco Group Plc NANON.L said it had entered into a non-exclusive license deal with Merck (NYSE:MRK) KGaA MRCG.DE for the German drugmaker to use its technology in digital displays. Barclays Plc BARC.L is expected to sell more of its stake in its African subsidiary in the coming weeks to take its holding in the business to less than 50 percent and strengthen the UK parent bank's capital. Ahli United Bank BSC AUBB.BH , Bahrain's largest lender, has raised its stake in Commercial Bank of Iraq PSC BCOI.ISX to 64.71 percent, according to a stock exchange statement. A subsidiary of Dubai Group has transferred more than 72 million of its shares in EFG Hermes Holdings SAE HRHO.CA to another subsidiary of the same group, sources familiar with the deal told Reuters. U.S. activist investor Guy Wyser-Pratte, who has acquired a stake in Stada Arzneimittel AG STAGn.DE , said the German maker of generic drugs and consumer care products should soon be sold to buyout firm CVC Capital Partners CVC.UL . French cheese producer Bel Group FROB.PA , famous for its La Vache qui rit brand, has started talks with LBO France to buy a majority stake in marmalade maker MON in a drive for leadership in the healthy snacks market. Fosun Group 0656.HK said on Saturday it has agreed to buy Brazilian fund manager Rio Bravo Investimentos, in the Chinese conglomerate's first acquisition in Latin America. Fosun Group, China's biggest private conglomerate, made a firm offer to buy a 16.7 percent stake in Portugal's largest listed bank, Millennium BCP, via a dedicated capital hike with a possible further increase of the stake to up to 30 percent. Germany's Fraport Frankfurt Airport Services Worldwide AG FRAG.DE is selling a stake in the operator of the St Petersburg airport, which is ailing from low traveler numbers due to the weakness of the Russian rouble, to the Qatar Investment Authority. Mexico's Alpek SA de CV ALPEKA.MX is expected to offer up to $700 million for Brazilian state-run oil company Petroleo Brasileiro SA's PETR4.SA petrochemicals units in the northeastern state of Pernambuco, a source with direct knowledge of the matter told Reuters on Friday.

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