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 01/06/2019, 06:03 am
Updated 01/06/2019, 06:03 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Comcast Corp, Fidelity International, Total , Maroc Telecom, United Group B.V.)

May 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Germany's Allianz ALVG.DE in deals that could top 800 million pounds ($1 billion) is buying businesses from LV= LV.UL and Legal & General LGEN.L that will make it become Britain's second-biggest general insurer. The board of Renault RENA.PA will meet on Tuesday to discuss Fiat Chrysler's FCHA.MI merger offer, the French carmaker said, as French Finance Minister Bruno Le Maire reiterated the government's conditional support for the tie-up. Casino and gaming operator Rank Group Plc said that it was in advanced discussions over a possible all cash offer for smaller online peer Stride Gaming Plc STRST.L . French energy group Total TOTF.PA has reach a deal to buy Toshiba's 6502.T U.S. liquified natural gas business, a source familiar with the matter said. Thyssenkrupp TKAG.DE strengthened its elevator division with a small takeover in the United States, ahead of a planned listing of the 14-billion euro ($15.6 billion) unit which has failed to revive the conglomerate's beaten shares. Private equity firm TPG is looking to acquire senior living communities operator Capital Senior Living Corp CSU.N , Bloomberg reported, citing people with knowledge of the matter. U.S. cable operator Comcast Corp CMCSA.O has no interest in acquiring divested spectrum from the Sprint Corp S.N and T-Mobile US Inc TMUS.O transaction, the company said. Fidelity International, one of the largest shareholders in Acacia Mining ACAA.L , said Barrick Gold's ABX.TO low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it. Maroc Telecom IAM.CS , Morocco's largest telecom operator, said that the government would sell up to 8% of its stake in the company. Balkan telecoms and media company United Group B.V. ABBI.UL acquired Croatian telecoms operator Tele2 Croatia for 220 million euros ($245.7 million), including debt, expanding its presence in south-eastern Europe. Brazilian food processors BRF SA BRFS3.SA and Marfrig Global Foods SA MRFG3.SA on Thursday announced exclusive talks for a potential tie-up that would create one of the world's largest meat producers, according to securities filings. Amcor Ltd AMC.AX must divest three manufacturing facilities and other assets in order to acquire Bemis Co BMS.N , the U.S. Justice Department said on Thursday. Investment firm Mantle Ridge LP is exploring forming a consortium with private equity firms and sovereign wealth funds to make an offer for U.S. food services company Aramark ARMK.N , people familiar with the matter said on Thursday. Amazon.com Inc AMZN.O is interested in buying prepaid cellphone wireless service Boost Mobile from U.S. carriers T-Mobile US Inc TMUS.O and Sprint Corp S.N , two sources familiar with the matter said on Thursday.

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.