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Deals of the day-Mergers and acquisitions

Published 16/05/2018, 12:16 am
Updated 16/05/2018, 08:10 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Updates Sibanye-Stillwater, Worldline, Qualcomm; Adds E.ON, Microchip, Marfrig Global Foods, Tyson Foods )

May 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday:

** France's Avril has purchased a majority stake in Italian olive oil maker Costa d'Oro, making it the third largest producer in the fast-developing market, the oilseed group said on Tuesday. Britain's Competition and Markets Authority (CMA) said it would examine whether a takeover of miner Lonmin LLONJ.J by South Africa's Sibanye-Stillwater SGLJ.J would reduce competition. The Dhaka Stock Exchange (DSE) has signed an agreement to sell a 25 percent stake to a Chinese consortium that includes the Shenzhen and Shanghai stock exchanges, a top DSE executive said. Santos Ltd's STO.AX suitor Harbour Energy said it is working with its target's top shareholders, China's ENN Ecological Holdings 600803.SS and Hony Capital, toward sealing a takeover offer for the Australian gas producer. Turkey's Denizbank chief executive Hakan Ates said that he hoped the sale of the bank would be completed in May. Chinese state-owned carmaker FAW Group has agreed to invest around $260 million in China-backed electric car start-up Byton as part of an ongoing series-B funding round, two people with knowledge of the matter told Reuters on Tuesday. Chinese online retailer JD.com Inc JD.O has invested $306 million in ESR Cayman Ltd, a logistics fund developer and manager backed by private equity firm Warburg Pincus LLC, ESR said in a statement on Tuesday. French gas and power group Engie ENGIE.PA said it is in talks with Brazilian state-controlled oil company Petroleo Brasileiro SA PETR4.SA to buy Petrobras' gas pipeline network Transportadora Associada de Gas (TAG). Worldline's WLN.PA $2.75 billion deal to buy the payments unit of Swiss exchange operator SIX Group could herald more consolidation in the industry, SIX's chairman told Reuters. State-owned Saudi Arabian Airlines (Saudia) has selected Jeddah-based hospital operator Dr. Soliman Fakeeh Hospital as a preferred bidder for its medical unit, sources familiar with the matter said. India's Manipal Hospital and private equity firm TPG Capital Management TPG.UL on Monday sweetened their bid to buy Fortis Healthcare Ltd FOHE.NS , just days after the Fortis board said it favoured a rival offer to the dismay of many shareholders. CBS Corp (NYSE:CBS) CBS.N filed a lawsuit on Monday to reduce the voting power of controlling shareholder National Amusements Inc, the movie theater company owned by Sumner and Shari Redstone, in an act of defiance aimed at thwarting the Redstones' plan to merge CBS with Viacom Inc VIAB.O . Xerox Corp (NYSE:XRX) XRX.N has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp 4901.T in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management. Valero Energy Corp (NYSE:VLO) VLO.N has agreed to purchase Pure Biofuels Del Peru from private equity firm Pegasus Capital Advisors, the companies said on Monday, marking the U.S. refiner's first infrastructure investment in South America. Shares in Portuguese utility EDP EDP.LS jumped as much as 12 percent on Monday to trade above the price of a bid by China Three Gorges, indicating investors think the $10.8 billion offer is an opening gambit that could lead to a higher or rival bid. German automotive parts company Hella HLE.DE is holding talks with potential investors over a sale of its wholesale activities, it said on Monday. Qualcomm's QCOM.O proposed $44 billion takeover of rival NXP Semiconductors NXPI.O is yet to see a concrete breakthrough in China, sources said, tempering hopes a lull in trade tensions with the United States had prompted Beijing to speed up its ruling on the deal. Aurora Cannabis Inc ACB.TO will buy rival MedReleaf Corp LEAF.TO for C$3.2 billion ($2.51 billion) in the biggest deal yet to unify major Canadian pot growers, as the country moves toward legalizing marijuana for recreational use. Struggling department store operator Sears Holdings Corp SHLD.O said on Monday it has formed a special committee to explore the sale of its Kenmore appliances brand, home improvement products and parts direct business. Eli Lilly and Co LLY.N will buy AurKa Pharma Inc in a deal potentially worth up to $575 million, the U.S. drugmaker said on Monday, seeking access to the privately-held firm's experimental cancer treatment for solid tumors. Burberry BRBY.L is to take over one of its leather goods suppliers in Italy as the British group seeks to boost its handbag business in a drive to take its brand more upmarket. E.ON EONGn.DE has the right to walk away from an agreed deal to break up Innogy IGY.DE should it sell single assets worth more than 150 million euros ($179 million) or assets worth a combined 450 million, RWE's RWEG.DE finance chief said. Microchip Technology Inc MCHP.O said it has received antitrust approval from China to buy rival Microsemi Corp MSCC.O , clearing a major hurdle to the $8.35 billion deal. The board of Brazil's Marfrig Global Foods SA authorized the company to get a loan of up to $900 million to finance the acquisition of U.S.-based National Beef Packing Company LLC. Tyson Foods Inc (NYSE:TSN) TSN.N said it would buy the poultry rendering and blending assets of American Proteins Inc and AMPRO Products Inc for about $850 million, as the company looks to recycle more animal products to use in feed and pet food.

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