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Deals of the day-Mergers and acquisitions

Published 12/06/2019, 06:17 am
Updated 12/06/2019, 06:17 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Thyssenkrupp, T-Mobile, Petroleo Brasileiro SA, Via Varejo)

June 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Book distribution company Readerlink LLC is working towards making a bid for Barnes & Nobles Inc BKS.N that would top hedge fund Elliott Management Corp's agreed price to buy the U.S bookseller, the Wall Street Journal reported, citing a source. Private equity firm Apollo Global Management LLC APO.N said it had agreed to acquire U.S. digital imaging company Shutterfly Inc SFLY.O for $2.7 billion, including the company's $900 million debt. Hudson's Bay Co HBC.TO Executive Chairman Richard Baker said he had teamed up with other shareholders to offer to take the struggling Canadian department store operator private in a C$1.74 billion ($1.3 billion) cash deal. AGL Energy Ltd AGL.AX took a second tilt at telecoms firm Vocus Group Ltd VOC.AX with a fresh A$3.02 billion ($2.10 billion) offer - just weeks after withdrawing a previous approach - as it looks to cross-sell to its big customer base. Plans to merge carmakers Renault RENA.PA and Fiat Chrysler FCHA.MI could re-emerge despite the breakdown of negotiations last week, France's transport minister said, joining a chorus of French officials hoping the deal could be revived. British caterer Compass Group CPG.L has agreed to buy Nordic rival Fazer Food Services for around 475 million euros ($538 million), the two companies said, giving it a stronger foothold in Scandinavia. Thyssenkrupp TKAG.DE and Tata Steel's TISC.NS plan to form a landmark joint venture was rejected by EU antitrust regulators, concerned that the deal would have pushed up prices and reduced competition. Ten states led by New York and California filed a lawsuit to stop T-Mobile US Inc's TMUS.O $26 billion purchase of Sprint Corp S.N , warning that consumer prices will jump due to reduced competition. Brazil's state-controlled oil company Petroleo Brasileiro SA PETR4.SA said it has signed a deal with local antitrust regulator CADE regarding the proposed sale of some of its refining installations. Brazilian businessman Michael Klein, whose family holds a 25.2% stake in Via Varejo SA VVAR3.SA , met with Starboard Partners and Apollo Global Management to discuss a potential joint bid for the country's biggest appliances retailer, newspaper Valor Econômico reported.

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