Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Deals of the day-Mergers and acquisitions

Published 28/07/2018, 06:00 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Charter Communications , Tyson Foods , Hammerson , Fox, Fnac Darty; Updates BP Plc)

July 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** The New York State Public Service Commission said it revoked its approval of the 2016 merger agreement between Charter Communications Inc CHTR.O and Time Warner Cable, arguing that Charter failed to build out its network for enough homes, and said the company must end its operations in the state. Tyson Foods Inc (NYSE:TSN) TSN.N is in exclusive talks with Brazil's Marfrig Global Foods MRFG3.SA to buy Keystone Foods, a U.S. supplier of chicken to McDonald's MCD.N , one source with knowledge of the matter said. Hammerson's HMSO.L plan to offload property assets and buy back shares has failed to assuage investor unease over the British shopping centre owner's strategy following its decision to spurn a 5 billion-pound ($6.6 billion) takeover by rival Klepierre LOIM.PA earlier this year. Twenty-First Century Fox Inc FOXA.O and Walt Disney Co DIS.N said their shareholders voted to approve Disney's $71 billion purchase of Fox's film and television assets. Germany is stepping up efforts to prevent companies in critical industries from falling into Chinese hands, taking a stake in a high-voltage network operator and planning to veto the sale of a machine-tooling business. Retailer Fnac Darty FNAC.PA said it would examine whether to challenge a 20 million euros ($23 million) fine by the French antitrust body, after it failed to sell three out of six stores required following the takeover of Fnac by Darty. Italy's biggest utility Enel ENEI.MI is ready to discuss the sale of its stake in solar joint venture EF Solare to partner F2i, a source familiar with the matter said. U.S. hedge fund Elliott Management has raised its stake in Alpine Electronics Inc 6816.T to 7.33 percent, a regulatory filing showed, the second increase since its ownership was first revealed this month. BP Plc BP.L has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton BLT.L , BHP.AX for $10.5 billion, expanding the British oil major's footprint in some of the nation's most productive oil basins in its biggest deal in nearly 20 years. DHL Global Forwarding has signed an agreement with state-owned Ethiopian Airlines ETHA.UL to set up a joint venture logistics company to serve Africa, the company that is part of Deutsche Post DHL Group DPWGn.DE said. BASF BASFn.DE said it was confident an agreement with Russian billionaire Mikhail Fridman's investment company Letter One to merge BASF's oil and gas division with rival DEA could be signed over the next few weeks. Spain's NH Hotel Group NHH.MC said it had received a letter of interest from U.S. global hospitality company Hyatt Hotels Corp H.N , firing the gun on a takeover battle with Thailand-based Minor International MINT.BK . German industrial conglomerate Thyssenkrupp TKAG.DE is planning to invest $150 to $250 million in a new U.S. headquarters for its elevators business, an executive told Reuters. German state bank KfW has agreed to take a 20 percent stake in high-voltage energy network operator 50Hertz, fending off an offer from China's State Grid. Chesapeake Energy Corp (NYSE:CHK) CHK.N plans to sell all of its Ohio natural gas acreage to privately owned Encino Acquisition Partners for about $2 billion, the company said on Thursday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.