Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Deals of the day-Mergers and acquisitions

Published 24/01/2019, 08:00 am
Updated 24/01/2019, 08:00 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds DSV, Petroleo Brasileiro SA, Colony Capital Inc, updates Popolare di Bari)

Jan 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Apollo Global Management is to buy packaging products maker RPC Group RPC.L for 3.3 billion pounds ($4.28 billion) in cash after months of negotiations, marking the latest M&A deal for an industry in the midst of a consolidation phase. Denmark's DSV DSV.CO , whose tentative $4 billion bid for Swiss shipper Panalpina PWTN.S would be its largest takeover, will seek additional billion-dollar deals regardless of this offer's fate, Chief Executive Jens Bjorn Andersen said. Johnson & Johnson (NYSE:JNJ) JNJ.N is pursuing an acquisition of surgical robotics firm Auris Health Inc, Bloomberg reported, citing people with knowledge of the matter. Japan's ANA Holdings Inc 9202.T said it is in talks with Philippine Airlines Inc's PHL.UL parent company PAL Holdings PAL.PS about making an investment but it had not yet made a "concrete decision". Shares in Japan Display 6740.T jumped 11 percent after a report said the smartphone screen maker was in talks for funding from Taiwan's TPK Holding Co 3673.TW and China's Silk Road Fund in exchange for a stake of around 30 percent. Australian Pharmaceutical Industries Ltd (API) API.AX said it was expected to start due diligence on its A$727 million ($518.6 million) offer for pharmacy operator Sigma Healthcare Ltd SIG.AX soon. Singapore's Golden Investments said that it will seek a board position at Australia's Stanmore Coal Ltd SMR.AX as its biggest shareholder, despite the failure of a A$240 million ($171 million) takeover bid. Philippine Airlines Inc PHL.UL is closing in on selling a minority stake to a foreign strategic investor, with a deal likely to be sealed in the first half of this year, its president said. Popolare di Bari is studying a possible tie-up with other local mutual banks, two sources said, as the Rome government said it was keeping an eye on the situation at the troubled southern Italian lender. Petroleo Brasileiro SA PETR4.SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late in the process. U.S. investment group Colony Capital Inc CLNY.N agreed to buy Dubai-based Abraaj Group's private equity business in Latin America, the companies said French state-controlled power utility EDF EDF.PA has bought a 49 percent stake for an undisclosed amount in African company Conergies Group. Polish clothing retailer CCC CCCP.WA has held "intensive" talks with shoemaker Leder & Schuh Group about buying the Austrian company but the two sides failed to agree on a purchase price, Austrian newspaper Der Standard reports. Heidelberger Druckmaschinen HDDG.DE said that it had signed an investment agreement with Chinese company Masterwork 300195.SZ , which would acquire a 8.5 stake after a cash capital increase. The Egyptian Exchange cancelled all transactions made the previous day in local firms Sixth of October Development and Investment Company (SODIC) OCDI.CA and Madinet Nasr for Housing and Development (MNHD) MNHD.CA . A setback for Danish energy group Orsted's ORSTED.CO plans to sell its domestic power network and private customer businesses will not derail its global expansion drive, the company's head of offshore wind said. Spanish telecommunications company Masmovil MASM.MC is not interested in buying domestic competitor Euskaltel EKTL.MC , CEO Meinrad Spenger said, adding the company prefers to focus on organic growth. The rail divisions of Siemens SIEGn.DE and Alstom ALSO.PA are world champions and are both able to compete in the market, the European Union's Competition Commissioner Margrethe Vestager told Die Zeit newspaper, signalling scepticism over a planned merger of their rail businesses. Commodities broker Marex Spectron said it has agreed to acquire Dublin-based Energy Broking Ireland Ltd (EBI), in a deal expected to be completed in February. Family-owned Austrian shoemaker Leder & Schuh Group denied a media report that it had held talks with Polish clothing retailer CCC CCCP.WA about a possible takeover by its bigger rival.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.