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Deals of the day-Mergers and acquisitions

Stock MarketsApr 21, 2017 20:40
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© Reuters. Deals of the day-Mergers and acquisitions

April 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** Intelsat SA I.N is planning to extend the deadline for investors to swap their bonds in the company for several weeks, seeking to keep its merger with U.S. satellite technology peer OneWeb Ltd alive, according to people familiar with the matter. Indian healthcare services provider Narayana Hrudayalaya Ltd NARY.NS said it would buy NewRise Healthcare Private Ltd from Panacea Biotec Ltd PNCA.NS for an enterprise value of 1.80 billion rupees ($27.87 million). British retailer Sports Direct SPD.L has entered the U.S. market by buying two loss-making chains for $101 million, drawing criticism from analysts who said the firm should keep its focus at home where it has struggled. Israel's Delek Group DLEKG.TA said its offer to take over North Sea oil producer Ithaca Energy IAE.TO , IAE.L has been accepted by Ithaca's shareholders. Canadian engineering and construction company SNC-Lavalin Group Inc SNC.TO on Thursday said it would buy British engineering and consultancy firm WS Atkins Plc ATKW.L for C$3.6 billion ($2.67 billion), firming up an indicative offer it made earlier this month. Japanese government-backed fund, the Innovation Network Corporation of Japan (INCJ), can invest in Toshiba Corp's 6502.T chip unit if it makes sense, the country's industry and trade minister said on Thursday. Kindred Healthcare Inc KND.N is exploring a sale, according to people familiar with the matter, as the largest home health, hospice and community care provider in the United States faces pressure to reduce its exposure to Medicare patients. Australia's DUET Group DUE.AX said it had been advised by Cheung Kong Infrastructure Holdings 1038.HK (CKI) that the Australian government has approved the Hong Kong company's $5.5 billion consortium-led takeover offer. South Korea's Lotte Group plans to combine parts of four units including flagship retailer Lotte Shopping Co Ltd 023530.KS into a holding company to resolve cross-shareholding issues, online website Money Today reported. Chinese steelmaker Chongqing Iron & Steel Co 601005.SS warned that its plans to sell off debt-ridden iron and steel assets faced "uncertainties" and might not go ahead, saying trading in its shares would remain suspended.

Deals of the day-Mergers and acquisitions
 

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