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Deals of the day-Mergers and acquisitions

Published 25/06/2018, 11:40 pm
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds AT&T, Gray Television, Diageo )

June 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1338 GMT on Monday:

** Gray Television Inc GTN.N said it would buy privately held rival broadcaster Raycom Media Inc in a cash-and-stock deal valued at $3.65 billion, in a push to move into more local television markets and attract additional advertising. Education Realty Trust Inc EDR.N , an owner of collegiate housing communities, said it would be acquired by an affiliate of Greystar Real Estate Partners for about $4.6 billion, including debt. Enel ENEI.MI agreed a deal that could see it spend more than 2 billion euros ($2.3 billion) to buy Latin American fiber company Ufinet International, as the Italian company looks to advance its ultrafast broadband ambitions. Diageo Plc DGE.L , the world's largest spirits company, said it had proposed a partial tender offer to Chinese liquor company Sichuan Shuijingfang Company to raise its stake to up to 60 percent in the company. AT&T Inc (NYSE:T) T.N said it would buy online advertisement exchange company AppNexus Inc, less than a month after the No. 2 U.S. wireless carrier closed its $85 billion deal to acquire media company Time Warner Inc (NYSE:TWX) TWX.N . French outdoor advertising company JC Decaux JCDX.PA said it was still in talks with Australian billboard firm APN Outdoor Group APO.AX over its offer to buy APN, currently worth around $810 million. Australia's Gateway Lifestyle Group GTY.AX said it received a sweetened A$713.8 million ($531 million), or A$2.35 a share, takeover offer from Hometown Australia Holdings Pty Ltd and Hometown America Communities Limited Partnership. The Czech anti-monopoly office UOHS has cleared Chinese state-owned CITIC Group Corporation's takeover of most of the Czech-based assets held by China's struggling conglomerate CEFC, the watchdog said. EDP-Energias de Portugal Chief Executive Officer Antonio Mexia is touring London, Beijing and New York as he tries to convince investors that a takeover bid offered by China Three Gorges is too low while EDP EDP.LS seeks clarification from the bidder. Andritz ANDR.VI has agreed to buy U.S. machine industry company and supplier Xerium Technologies XRM.N in a cash deal worth roughly $833 million, the Austrian engineering group said. South African healthcare provider Ascendis Health ASCJ.J said it plans to dispose of smaller local non-core businesses as part of a strategic review aimed at improving cash generation and enhancing profitability.

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