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Deals of the day-Mergers and acquisitions

Published 13/11/2018, 08:00 am
Updated 13/11/2018, 08:00 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds LafargeHolcim, Teleology, Athenahealth, MultiChoice)

Nov 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** LafargeHolcim LHN.S is selling its Indonesian business to Semen Indonesia SMGR.JK as it reviews its portfolio to improve its financial strength, the world's largest cement maker said in a statement. Nigeria's telecoms regulator has cleared Teleology's takeover of 9mobile, the country's fourth biggest operator, ending a long bidding process for the debt-laden company that started a year ago, Teleology said. Private equity firm Veritas Capital and hedge fund Elliott Management are buying Athenahealth Inc ATHN.O for about $5.7 billion, the U.S. healthcare software maker said. South Africa's competition watchdog has ruled that a distribution deal between MultiChoice, Naspers' NPNJn.J pay-TV business and the country's public broadcaster in 2013 constituted a notifiable merger. Australia's Healthscope Ltd HSO.AX said it has received a revised takeover proposal from Brookfield Capital Partners Ltd that values the hospital operator at A$4.5 billion ($3.25 billion) Australian education provider Navitas Ltd NVT.AX spurned a A$2 billion ($1.4 billion) buyout offer from its founder and an Australian private equity firm as too low, but kept the door ajar for a future deal or a rival bidder. Software company Apptio Inc APTI.O said on Sunday it agreed to be bought by private equity firm Vista Equity Partners for $1.94 billion in cash, two years after going public. German business software company SAP SAPG.DE has agreed to buy Qualtrics International for $8 billion in cash, pre-empting a planned stock market listing by the U.S.-based company which specialises in tracking online sentiment. Israeli cyber surveillance company NSO Group is in talks to buy Fifth Dimension, a start-up chaired by former Israel Defence Forces Chief of Staff Benny Gantz, Israeli media said. BGH Capital, an Australian private-equity firm run by three star dealmakers, was rebuffed on two billion-dollar deals, underscoring how companies are trying to squeeze out better offers in a market crammed with cash-rich investors. Diageo Plc DGE.L is selling 19 lower-end spirits brands, including Seagrams VO Canadian whisky and Goldschlager cinnamon schnapps, to U.S.-based Sazerac for $550 million, as it focuses on its premium labels such as Johnnie Walker in the United States. Japan's Takeda Pharmaceutical 4502.T will hold an investor vote on its $62 billion acquisition of Shire SHP.L next month and aims to close the deal on Jan. 8, signalling its confidence in securing the required support. Private equity firm Veritas Capital and hedge fund Elliott Management have agreed to acquire U.S. healthcare software maker Athenahealth Inc ATHN.O for $5.5 billion in cash, people familiar with the matter said on Sunday. Speech-recognition software provider Nuance Communications Inc NUAN.O is nearing a deal to sell its imaging division to Kofax, a company owned by private equity firm Thoma Bravo LLC, for about $500 million, people familiar with the matter said on Sunday. Canadian asset manager Mawer Investment Management is working with an investment bank to explore a potential sale in a deal that could be worth as much as C$2 billion ($1.51 billion), people familiar with the matter said on Friday. The owner of the Daily Mail newspaper has drawn up a plan to make an offer for the "i" title from Johnston Press JPR.L after the struggling regional publisher put itself up for sale, Sky News reported on Saturday. Abu Dhabi state fund Mubadala Investment Company's oil business has agreed to buy a 20 percent participating interest in Egypt's Nour North Sinai Offshore Area concession from Italy's Eni ENI.MI , it said. German energy group Innogy IGY.DE will undergo some organisational changes in its core supply area as part of its breakup planned by parent RWE RWEG.DE and rival E.ON EONGn.DE , E.ON said. Nigeria's Diamond Bank DIAMONB.LG is not in merger or acquisition talks, the mid-tier lender said, denying media speculation it was in discussions to be bought by rival Access Bank ACCESS.LG . Tsogo Sun TSHJ.J has called off its planned sale of seven casino and hotel businesses to Hospitality Property Fund HBPJ.J due to a lack of support from shareholders, the South African company said. Telecom Italia (TIM) TLIT.MI favours the creation of a single network in Italy and is ready to cooperate with smaller broadband rival Open Fiber but wants to retain control of the asset, Chief Executive Amos Genish said.

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