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Deals of the day-Mergers and acquisitions

Published 19/12/2018, 08:03 am
Updated 19/12/2018, 08:03 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Carlyle Group LP, Pernod Ricard , PT Inalum; Updates Rent-A-Center)

Dec 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Rent-A-Center Inc RCII.O said it terminated a deal to be acquired by Vintage Capital Management, as the buyout firm did not extend a deadline to close the transaction that was waiting for regulatory approval six months after being announced. French spirits group Pernod Ricard PERP.PA , which is targeted by activist investor Elliott Management, said it was buying an unspecified stake to become a "strategic shareholder" in Jumia, Africa's leading online retailer. Indonesian miner PT Inalum said it expects to finalise a $3.85 billion deal this week to take majority control of the local subsidiary of mining giant Freeport McMoRan Inc FCX.N , once environmental and other issues are resolved. U.S-based private equity firm Carlyle Group LP CG.O is looking to double its stake in Indian housing finance company PNB Housing Finance Ltd PNBH.NS , Bloomberg Quint reported, citing people familiar with the matter. Japan's Mitsubishi Corp 8058.T said it will sell its stake in two Australian thermal coal mines for A$750 million ($539 million). A consortium led by British private equity firm Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) in cash for Swedish gaming company Cherry AB CHERb.ST , Cherry said. Australian gold miner Newcrest Mining Ltd NCM.AX has raised its holdings in Ecuador gold and copper developer SolGold Plc SOLG.L , nudging further ahead of the company's second biggest investor BHP Group BHPB.L , BHP.AX . T-Mobile US Inc TMUS.O and Sprint Corp S.N have won backing for their $26 billion merger from two national security reviews on Monday, clearing key hurdles in their tie-up bid. Nigeria's Access Bank ACCESS.LG has agreed to takeover mid-tier rival Diamond Bank, the lenders said on Monday, in a deal both said would create Africa's largest bank by customers. Fletcher Building FBU.NZ has agreed to sell the Formica Group to Netherlands-based Broadview Holding BV for $840 million as New Zealand's largest builder streamlines its business, sparking a rally in its shares. Brazil's Embraer SA EMBR3.SA will receive the same net proceeds from a deal to sell 80 percent of its commercial jet unit to Boeing (NYSE:BA) Co BA.N , even though the U.S. aircraft maker increased the enterprise value which includes debt by 11 percent. J&F Investimentos SA, the holding company controlled by the Batista family which also owns meatpacker JBS SA JBSS3.SA , has agreed to sell its transmission lines for 942.5 million reais ($243 million) to Transmissora Aliança de Energia Elétrica S.A. (Taesa), the company said in a statement. EU antitrust chief Margrethe Vestager voiced concerns over a plan by Siemens SIEGn.DE and Alstom ALSO.PA to create a Franco-German rail champion and the impact the deal would have on high-speed trains in Europe. Norwegian oil firm DNO DNO.OL has bought another 914,732 shares in Faroe Petroleum FPM.L at 151.6 pence each, it said.

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