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Deals of the day-Mergers and acquisitions

Published 28/05/2019, 07:48 pm
© Reuters.  Deals of the day-Mergers and acquisitions
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May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0900 GMT on Tuesday:

** A large majority of Sibanye-Stillwater's SGLJ.J shareholders on Tuesday approved a takeover bid for Lonmin LML.L that aims to create the world's second-largest platinum producer. Germany's anti-trust office is extending its review of a mainframe computing deal between T-Systems, the IT services arm of Deutsche Telekom DTEGn.DE , and IBM (NYSE:IBM) IBM.N , it said on its website. Fieldex Exploration Inc FLX.V said it will acquire Copeland Biosciences through a reverse takeover of the Canadian mineral exploration firm by Copeland and its shareholders, which will involve a three-cornered amalgamation among Fieldex, 1209908 B.C. Ltd (Subco) and Copeland. Media company Meredith Corp MDP.N said it has agreed to sell Sports Illustrated to U.S-based entertainment company Authentic Brands Group LLC for $110 million, as it looks to scale its digital media business. Russia's second-largest bank VTB VTBR.MM is considering selling its stake in Angola-based Banco VTB Africa, VTB told Reuters, adding that it was too early to talk about details of the possible deal. Fiat Chrysler FCHA.MI pitched a finely balanced merger of equals to Renault RENA.PA to tackle the costs of far-reaching technological and regulatory changes by creating the world's third-biggest automaker. Italian regional utility Iren IREE.MI is considering selling its 49.1% stake in the country's second-biggest liquefied natural gas terminal and has been in touch with possible buyers, including gas infrastructure group Snam SRG.MI , sources said. Vivendi's VIV.PA pay-TV group Canal Plus said it would buy European rival M7 for about 1 billion euros ($1.12 billion) from private equity firm Astorg. Italy's state-owned Monte dei Paschi BMPS.MI could merge with lenders of similar size although the list of candidates is thin, Chief Executive Marco Morelli said. Czech utility CEZ CEZP.PR plans to sell assets in Bulgaria, Romania, Turkey and Poland in order to focus on its home market, the chief executive told the daily Hospodarske Noviny. Nasdaq NDAQ.O withdrew its offer for Oslo Bors OSLO.NFF , giving pan-European exchange Euronext ENX.PA free rein to pursue its bid for the Norwegian stock market operator after a five-month battle. Australian telecoms junior Vocus Group Ltd VOC.AX on Monday said it received a A$3.3 billion ($2.3 billion) buyout offer from Swedish private-equity firm EQT Infrastructure, just as the firm's fibre-focused turnaround plan begins to gain traction. Netshoes Ltd NETS.N said Brazilian retailer Magazine Luiza SA MGLU3.SA had raised its offer to buy the online shoe retailer to $3 per share from $2 per share in a deal that would value the company at about $93.18 million. Abu Dhabi billionaire Sheikh Khaled bin Zayed Al Nehayan says he has agreed terms with Newcastle United owner Mike Ashley to buy the Premier League club, the Newcastle Chronicle reported. Algeria's energy minister said he would seek a "good compromise" when asked about his earlier comments that Algiers would block a plan by France's Total TOTF.PA to buy Anadarko's APC.N Algerian assets. Israel's Bank Leumi LUMI.TA and insurer Phoenix Holdings PHOE1.TA have agreed to each buy a 20% stake in local road haulage and logistics company Taavura, Leumi said. Dubai's Emaar Properties EMAR.DU has hired advisors including Standard Chartered STAN.L for the sale of its district cooling business, sources familiar with the situation told Reuters, as part of a broader plan to offload non-core activities. Germany's First Sensor AG SISG.DE said it is in advanced talks with connector and sensor maker TE Connectivity Ltd (NYSE:TEL) TEL.N regarding a takeover. Qatar Sports Investments, a state-backed body founded by the emir of Qatar, Sheikh Tamim bin Hamad Al Thani, is in discussions to buy a stake in English soccer club Leeds United, the Financial Times reported, citing people familiar with the talks. Britain's Galliford Try plc GFRD.L said it had rejected a bid from home builder Bovis Homes Group BVS.L as the offer was not in the interests of all shareholders.

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