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Deals of the day-Mergers and acquisitions

Published 15/09/2018, 06:03 am
Updated 15/09/2018, 06:03 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Kinder Morgan , BP , Uniper, AMC, Thor Industries; Updates Metro AG)

Sept 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Kinder Morgan Inc (NYSE:KMI) KMI.N has hired investment bank TD Securities TD.TO to facilitate a potential sale of its Canadian business, which could fetch the U.S. pipeline operator as much as C$2.4 billion ($1.8 billion), people familiar with the situation told Reuters this week. British oil major BP BP.L has acquired a 61 percent participating interest in the existing onshore Gobustan PSA (product sharing agreement) in Azerbaijan, BP Azerbaijan. German energy group Uniper UN01.DE has mandated investment bank Rothschild ROTH.PA to explore a sale of its French assets, a person with direct knowledge of the matter said, under pressure from a planned exit from coal-fired power. AMC Entertainment Holdings Inc AMC.N said it bought back 24 million shares from its top investor Dalian Wanda Group and issued $600 million worth of convertible notes to private equity firm Silver Lake. U.S.-based recreational vehicle maker Thor Industries THO.N has emerged as the leading bidder for German family-owned peer Erwin Hymer Group in a deal valuing the company at more than 2 billion euros ($2.34 billion), people close to the matter said. German retailer Metro AG B4B.DE plans to sell its struggling Real hypermarkets and is confident of interest in the chain, though bankers played down talk it might attract Amazon AMZN.O and a price tag of up to 1 billion euros ($1.2 billion). Exchange operator Nasdaq NDAQ.O said it planned to buy Swedish financial technology provider Cinnober CINN.ST in a deal valuing the business at around 1.7 billion crowns ($190 million). Australian office owner Investa Office Fund IOF.AX said it would postpone a shareholder meeting regarding a takeover offer from private equity firm Blackstone (NYSE:BX) BX.N after receiving a rival bid.

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