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Deals of the day-Mergers and acquisitions

Published 28/02/2019, 08:12 am
Updated 28/02/2019, 08:20 am
Deals of the day-Mergers and acquisitions

Feb 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Amazon.com Inc AMZN.O , Comcast Corp CMCSA.O and Electronic Arts Inc EA.O submitted initial bids for the holding firm of South Korea's biggest gaming firm Nexon 3659.T , Maeil Business Newspaper said, citing investment banking sources. German car parts maker ZF Friedrichshafen ZFF.UL is considering a takeover of U.S. rival Wabco WBC.N , a person close to the matter said, confirming a report by newspaper Handelsblatt. German drugs and lab supplies maker Merck KGaA MRCG.DE offered $5.9 billion, including debt, for Versum Materials, VSM.N in a cash deal that tops an offer from U.S. rival Entegris ENTG.O , as both seek to boost their electrochemicals operations. Sarepta Therapeutics Inc SRPT.O beefed up its gene therapies portfolio through the purchase of its partner Myonexus Therapeutics Inc and reported positive data for a genetic disorder therapy from the privately held company, sending its shares up 9 percent. Walt Disney (NYSE:DIS) Co accepted a demand by Brazil's antitrust regulator CADE that it sell local rights for the Fox Sports channel to win approval of its takeover of Twenty-First Century Fox Inc (NASDAQ:FOX) FOXA.O , the regulator said. Canada's Cogeco Communications Inc CCA.TO said it would sell its cloud services unit, Cogeco Peer 1, to investment firm Digital Colony in a deal valued at C$720 million ($548.74 million). South African insurer Liberty Holdings LBHJ.J has agreed to sell its technology platform, which supports its short-term insurance business, to Standard Bank Group Ltd SBKJ.J for 145 million rand ($10.45 million). U.S. investor Cerberus, a major shareholder in both Deutsche Bank DBKGn.DE and Commerzbank CBKG.DE , is open to a merger between Germany's two biggest lenders, a person familiar with the matter said, raising the chances of a tie-up. Delek Group DLEKG.TA said it signed a non-binding deal to sell its 30 percent stake in insurer Phoenix Holdings PHOE1.TA for 1.6 billion shekels ($442 million) to private equity firms Centerbridge Partners and Gallatin Point Capital. Experian Plc EXPN.L , the world's biggest credit data firm, said that it had agreed with rival ClearScore to abandon their proposed merger, after Britain's competition watchdog indicated that it may block the deal. Shares in Air France-KLM AIRF.PA fell sharply as the Dutch government amassed a 14 percent stake in the airline to counter French influence, in a surprise move highlighting tensions over the company's strategic direction. Japanese flour maker Nisshin Seifun 2002.T said it would buy Australia's Allied Mills from private equity firm Pacific Equity Partners for A$574 million ($412 million), in its latest step overseas to offset a shrinking local market. Australian rural services firm Ruralco Holdings Ltd RHL.AX backed a $337 million takeover bid by Canada's Nutrien Ltd NTR.TO , the latest potential tie-up in a sector consolidating in the face of severe drought.

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