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Deals of the day-Mergers and acquisitions

Published 15/07/2017, 06:43 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Berkshire Hathaway (NYSE:BRKa), Carlyle Group , AT&T, HS1, Amazon, Altice, Tembec Inc , Long4Life, ZZ Capital, H&E Equipment, DX Group, Sony Corp, Multi-Color, Whitehelm Capital and Dominion Diamond Corp )

July 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** China Vanke 2202.HK 00002.SZ said it will take part in the $11.6 billion acquisition of Asia's biggest warehouse operator Global Logistic Properties (GLP) GLPL.SI by a Chinese private equity consortium. Warren Buffett's Berkshire Hathaway Inc BRKa.N and John Malone's Liberty Media Corp FWONA.O are exploring an investment of between $10 billion and $20 billion in U.S. wireless carrier Sprint Corp S.N , people familiar with the matter said. Private equity investment firm Carlyle CG.O is preparing a sale of one of Germany's top three nursing home operators, Alloheim, as it seeks to benefit from high valuations for healthcare assets, people close to the matter said. AT&T Inc (NYSE:T) T.N will run its wireless and DirecTV satellite television businesses separately from Time Warner Inc (NYSE:TWX)'s TWX.N media assets following its $85.4 billion acquisition of the entertainment group, a source told Reuters. Two leading Canadian pension funds have agreed to sell their stakes in Britain's High Speed 1 (HS1) rail project to a consortium of funds including HICL Infrastructure HICL.L and South Korea's National Pension Service. The top Democrat on the U.S. House of Representatives' antitrust subcommittee has voiced concerns about Amazon.com Inc's AMZN.O $13.7 billion plan to buy Whole Foods Market Inc WFM.O and is pushing for a hearing to look into the deal's potential impact on consumers. Netherlands-based Altice ATCA.AS has agreed to buy Portuguese firm Media Capital, the owner of TVI television channel, and said it wanted to expand its business in Portugal where it already owns the largest telecom operator PT. Oaktree Capital Management LP, the largest shareholder of Tembec Inc TMB.TO , said it would vote against Rayonier Advanced Materials Inc's RYAM.N $807 million acquisition of the Canadian forest products company. Brian Joffe, one of South Africa's most respected dealmakers, will buy a beauty salon chain, his new company Long4Life L4LJ.J said, marking a return to the acquisition trail for the billionaire founder of industrial conglomerate Bidvest Group. Hong Kong investment firm ZZ Capital International 8295.HK agreed to buy U.S. index provider Alerian in a deal valued at up to $812 million, gaining a foothold in the growing market for U.S. energy industry investment products. H&E Equipment Services Inc HEES.O said it would buy construction equipment rental chain Neff Corp NEFF.N for about $1.2 billion, including debt, doubling the number of its branches in the country. British mail delivery company DX Group DXDX.L said its chief executive and finance director will step down with immediate effect and it will separate its operations into courier and freight divisions. Sony Corp 6758.T is in the final stages of talks to buy French music distribution and label services provider Believe Digital, the Nikkei business daily reported on Saturday. U.S.-based packaging group Multi-Color Corp (MCC) is nearing a deal to buy German packaging group Constantia Labels in a transaction worth more than 1 billion euros ($1.15 billion), people close to the matter said. Australian infrastructure fund Whitehelm Capital has put Chilean natural gas distributor GasValpo up for sale, two people with knowledge of the process said this week, in the midst of a wider sell-off in the nation's energy distribution sector. Dominion Diamond Corp DDC.TO of Canada, the world's third-largest diamond producer by market value, is in advanced and friendly talks with the Washington Companies on a sweetened cash takeover bid, sources told Reuters this week. Global Logistic Properties (GLP) GLPL.SI agreed to be acquired by a Chinese private equity consortium backed by senior GLP executives for about S$16 billion ($11.6 billion), choosing it over a rival bid in Asia's largest private equity buyout. Japanese information technology company NEC Corp 6701.T is looking at buying British software firm Civica for 900 million pounds ($1.2 billion) and has hired advisors to work on an offer, Sky News reported. Malaysian tourism and gambling conglomerate Genting Group said it had sold its 5.6 percent stake in Australian casino operator The Star Entertainment Group Ltd SGR.AX for A$235.2 million ($182 million). Japanese recruitment company Persol Holdings Co Ltd 2181.T has made a A$778 million ($600 million) takeover bid for Australian recruiter Programmed Maintenance Services Ltd PRG.AX , the target company said. Sears Canada Inc SCC.TO was granted court approval on Thursday to proceed with a sale process that would allow the retailer to consider a range of potential deals, according to court documents. Seven consumer advocacy groups wrote to Attorney General Jeff Sessions to ask him to consider blocking AT&T's T.N plan to buy Time Warner TWX.N on the grounds that it will lead to higher prices and slow innovation in showing video online. Daily fantasy sports companies FanDuel and DraftKings scrapped a plan to merge following a legal challenge by U.S. antitrust enforcers. Jana Partners was granted regulatory clearance on Thursday for its purchase of shares in medical device maker Zimmer Biomet Holdings Inc ZBH.N , in a sign that the hedge fund is set to build its stake and press for changes at the company. American Development Partners, a private equity and real estate firm, has agreed to invest $1 billion alongside American Family Care, the largest operator of urgent care centers in the United States, to expand its franchises, the company said on Thursday.

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