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Deals of the day-Mergers and acquisitions

Published 21/08/2018, 06:06 am
Updated 21/08/2018, 06:06 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Standard Chartered , Linde )

Aug 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** PepsiCo PEP.O will buy carbonated drink-machine maker SodaStream SODA.TA for $3.2 billion as it battles Coca-Cola KO.N for an edge in the health-conscious beverage market. Standard Chartered STAN.L is in talks to sell its private equity business to Intermediate Capital Group ICP.L (ICG), a source with direct knowledge of the deal said, as part of a broader disposal of its 'principal finance' investment business. German industrial gases group Linde LING.DE and U.S. rival Praxair (NYSE:PX) PX.N secured conditional EU antitrust approval for their $82 billion merger but still have to clear a major hurdle with U.S. enforcers. Brazilian meatpacker Marfrig Global Foods MRFG3.SA said on Monday it had closed a deal to sell its indirect subsidiary Keystone Foods Holdings Limited to U.S. firm Tyson Foods Inc (NYSE:TSN). TSN.N . T-Mobile US Inc TMUS.O is asking smaller wireless operators that piggyback off its network to issue public statements or even write newspaper editorials to help persuade antitrust regulators to approve its proposed $26 billion acquisition of Sprint Corp S.N . PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc TSLA.O CEO Elon Musk has said could help him fund a $72 billion deal to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said. The Southeast Asian offshore natural gas assets of U.S. oil and gas producer Hess Corp (NYSE:HES) HES.N , estimated to be worth as much as $5 billion, have attracted takeover interest from firms including Thailand's PTTEP PCL PTTEP.BK and Austrian energy group OMV AG OMVV.VI , people familiar with the matter said. Australian retirement village owner Gateway Lifestyle GTY.AX recommended shareholders accept Hometown America's A$695 million ($508.5 million) takeover offer, after a pursuit involving a rival suitor. Australia's Eclipx Group ECX.AX , a vehicle fleet management service provider, rejected an A$806.6 million ($590.1 million) cash and stock takeover offer from peer SG Fleet Group Ltd SGF.AX , describing the offer as "inadequate". China Resources Power 0836.HK said it would transfer its equity in a coal subsidiary and three of the coal companies under the subsidiary to an asset management platform company of state-owned enterprises for 1 yuan. Israel's anti-trust regulator on Sunday approved defence contractor Elbit Systems' ESLT.TA planned acquisition of state-owned rival IMI (LON:IMI) Systems. Mexican conglomerate Grupo Industrial Saltillo SAB de CV GISSAA.MX is considering more acquisitions in Europe to expand its auto parts division, its top executive told Reuters.

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