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Deals of the day-Mergers and acquisitions

Published 19/06/2018, 06:00 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds GEA Group, Geely Holding, Kraft Heinz, F-Secure and Realty Trust)

June 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Activist shareholder Elliott has raised its stake in German food processing equipment maker GEA Group G1AG.DE to 5.03 percent from 3.01 percent as of June 12, a regulatory filing by GEA showed on Monday. China's Geely Holding has assumed ownership of a 14.9 percent voting stake in Swedish truckmaker AB Volvo VOLVb.ST , a disclosure notice showed on Monday, completing a deal which has been pending since December. Data security company F-Secure FSC1V.HE said it had agreed to acquire Britain-based MWR InfoSecurity for 80 million pounds ($106 million) in cash to widen its range of cyber security services. Kraft Heinz Co KHC.N is considering a sale of children's energy drink brand Complan in India, which could fetch about $1 billion, Bloomberg reported, citing people familiar with the matter. U.S.-based Forest City Realty Trust Inc FCEa.N has restarted talks with Brookfield Asset Management Inc BAMa.TO for a takeover by the Canadian firm, Bloomberg reported, citing people familiar with the matter. U.S. hotel owner LaSalle Hotel Properties LHO.N sided with Blackstone (NYSE:BX) Group LP's BX.N all-cash offer to buy the company, as it looks to thwart Pebblebrook Hotel Trust's PEB.N takeover bid. Rent-A-Center Inc RCII.O said it would be taken private by buyout firm Vintage Capital Management in a deal that values the rent-to-own furniture retailer at $1.37 billion, including net debt.

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** Canadian oil and gas producer Baytex Energy Corp BTE.TO said it would buy rival Raging River Exploration Inc RRX.TO for about C$2.8 billion ($2.13 billion) to expand in the oil-rich Duvernay field in Alberta. Lufthansa LHAG.DE is in contact with Norwegian Air Shuttle, which is also the subject of a bid interest from British Airways owner IAG (LON:ICAG), as the German airline looks to get involved in an expected wave of deals in the sector, its CEO told a newspaper. A unit of Chinese investment firm CITIC Capital Holdings Ltd said it has offered to buy U.S.-listed biotech firm China Biologic Products Holdings Inc CBPO.O , in a deal valuing the company at $3.65 billion. W.P. Carey Inc WPC.N said it plans to buy commercial real estate owner Corporate Property Associates 17 – Global Inc in a deal valued at about $6 billion, making it one of the largest real estate investment trusts in the United States. BOK Financial Corp BOKF.O said it would acquire CoBiz Financial Inc COBZ.O in a cash-and-stock deal valued at about $1 billion to expand in Arizona and Colorado. Thyssenkrupp TKAG.DE needs to quickly clinch a deal for a planned European steel joint venture with Tata Steel TISC.NS , its chief executive officer said in an internal letter, adding this was necessary to determine the group's long-term strategy. Mid-sized bank CYBG CYBGC.L has agreed a 1.7 billion pound ($2.3 billion) all-share deal to acquire Virgin Money VM.L , which it said will create Britain's sixth-largest bank by assets and a stronger challenger to the country's top four lenders. Australian billionaire Gina Rinehart's Hancock Prospecting lodged a A$390 million ($290 million) bid for Atlas Iron Ltd AGO.AX , potentially setting off a three-way struggle for the small iron ore miner. Australia's South32 Ltd S32.AX has bid $1.3 billion to take full control of Arizona Mining Inc AZ.TO , offering a hefty premium for the Toronto-listed firm which is developing zinc, lead, manganese and silver assets. State-controlled Banco do Brasil SA BBAS3.SA said on Friday it will pay $202.4 million to increase its stake in Argentina's Banco Patagonia SA BPAT.BA after some shareholders exercised their right to sell the shares.

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** Chile's antitrust regulator FNE said on Friday it would open an investigation into the effects on the market of Chinese miner Tianqi Lithium Corp's 002466.SZ purchase last month of a 24 percent stake in SQM SQMa.SN SQM.N , one of the world's top lithium producers.

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