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Deals of the day-Mergers and acquisitions

Published 07/09/2018, 06:00 am
Updated 07/09/2018, 06:00 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Pebblebrook, SS&C Technologies, Ei Group, Assicurazioni Generali, Airbus; updates Kaufhof, ArcelorMittal)

Sept 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Airbus SE AIR.PA is no longer in talks to sell a part or all of Premium Aerotec, a subsidiary that makes large plane components, a German newspaper reported. Italy's biggest insurer Assicurazioni Generali GASI.MI said it was in exclusive talks to buy the majority of French investment firm Sycomore and develop a partnership in line with its multi-boutique strategy in asset management. Britain's largest pub owner Ei Group Plc EIGE.L said it had appointed Rothschild & Co to explore options including a full or partial sale of its commercial properties business. Financial software company SS&C Technologies Holdings Inc SSNC.O said it would buy data-sharing platform Intralinks Holdings Inc in a deal valued at $1.5 billion, the latest effort by the company to expand beyond its core clientele of hedge funds and private equity firms. U.S. hotel owner Pebblebrook Hotel Trust PEB.N said it agreed to buy LaSalle Hotel Properties LHO.N in a $5.2 billion cash-and-stock deal, a day after ditching a $4.8 billion all-cash offer from private equity firm Blackstone (NYSE:BX) Group LP BX.N . Plus500 Ltd PLUSP.L said that its founders looked to sell about 8 percent of their stake in the company in response to significant demand from a small number of institutional investors. Poland's JSW JSW.WA is considering a bid for control of Prairie Mining PDZ.AX to tighten its grip as the EU's biggest coking coal miner, two sources familiar with the situation said. The European Union approved Apple's AAPL.O planned acquisition of British music discovery app Shazam, saying an EU antitrust investigation showed it would not harm competition in the bloc. Siemens SIEGn.DE and Alstom ALSO.PA said they were confident their rail merger would still go ahead and be completed on time despite objections raised by Australia's competition watchdog. France's CMA CGM, one of the world's largest container-shipping lines, remains interested in seeking acquisitions despite bringing to an end its interest in German peer Hapag-Lloyd HLAG.DE , its chief executive said. Germany's two major department store chains Kaufhof and Karstadt have agreed to merge, several sources close to the deal told Reuters on Thursday, in the latest changes to the retail sector brought by fierce competition from ecommerce players. Steel giant ArcelorMittal MT.AS reached a deal with trades' unions over its planned purchase of Ilva, opening the way for the contested takeover just days before the Italian steelmaker runs out of cash. U.S. TV station owner Tribune Media Co TRCO.N is kicking off a new round of talks to sell itself after its planned $3.9 billion sale to peer Sinclair Broadcast Group Inc SBGI.O failed to get regulatory clearance, people familiar with the matter said on Wednesday. Buyout giant Blackstone Group LP BX.N said it was willing to lift its bid for Australian landlord Investa Office Fund IOF.AX to A$3.3 billion ($2.4 billion), to beat a rival offer from Canada's Oxford Properties Group. New Novartis NOVN.S Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing that he is selling U.S. dermatology and generic pill assets to India's Aurobindo Pharma Ltd ARBN.NS for up to $1 billion. China's Anbang Insurance Group ANBANG.UL has picked JPMorgan (NYSE:JPM) to manage the 1.4-1.8 billion euro ($1.6-$2 billion) sale of its Dutch insurance arm Vivat, two people familiar with the matter told Reuters. A tie-up between Atlantia ATL.MI and Spanish road-toll operator Abertis will proceed as planned, the deputy chairman of Atlantia's top shareholder told a newspaper, dismissing worries it could be scrapped after a bridge disaster last month. Finnish sporting goods maker Amer Sports AMEAS.HE late on Wednesday put its Mavic cycling business up for possible sale and said it would at a later stage also assess strategic options for its fitness equipment and sports watch businesses. CatchMark Timber Trust Inc CTT.N , a real-estate company investing in timberlands, said it was evaluating an all-stock offer to buy Phaunos Timber Fund Ltd PTF.L , a closed-ended investment company that is winding down its business. EasyJet EZJ.L is still talking to the Italian government over Alitalia's short-haul operations but the head of the budget airline stressed that any deal needs to make commercial sense. A Brazilian unit of AES Corp AES.N is considering a bid for a wind farm owned by Renova Energia SA, the chief executive officer for AES Tietê Energia SA TIET11.SA said on Wednesday. Brazilian healthcare provider Notre Dame Intermedica Participações SA GNDI3.SA said on Wednesday in a securities filing that it intends to acquire smaller rival Green Line Group. New Zealand infrastructure investor Infratil Ltd IFT.NZ affirmed that its NZ$2.30 per share buyout offer for wind farms operator Tilt Renewables Ltd TLT.NZ was "reasonable and fair." Delta Air Lines (NYSE:DAL) DAL.N has hired two investment banks to offer a stake in its Monroe Energy refining subsidiary, signaling it wants a partner to shoulder the risk of running an energy business.

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