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Deals of the day-Mergers and acquisitions

Published 16/12/2019, 09:58 pm
© Reuters.  Deals of the day-Mergers and acquisitions

Dec 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday:

** International Flavors & Fragrances Inc IFF.N on Sunday said it will merge with DuPont (NYSE:DD) Inc's DD.N $26.2 billion nutrition & biosciences unit in a deal that will create a new consumer giant valued at more than $45 billion. Swiss drugmaker Roche ROG.S won clearance from Britain's Competition and Markets Authority (CMA) for its planned $4.3 billion takeover of gene therapy company Spark Therapeutics ONCE.O , while a similar U.S. review continues. WPX Energy Inc WPX.N is in talks to buy the oil and gas assets of closely held Felix Energy for about $2.5 billion, Bloomberg reported on Friday citing people familiar with the matter. A private equity arm of Macquarie Group Ltd MQG.AX is likely to sign a deal to buy Daesung Industrial Gases Co Ltd from Asian private equity firm MBK Partners later this week, a person with direct knowledge of the matter told Reuters. Britain's Cineworld CINE.L announced a $2.1 billion takeover of Canada's Cineplex Inc CGX.TO which would make it the largest cinema operator in North America. Saks Fifth Avenue owner Hudson's Bay Co HBC.TO has fallen short of securing enough shareholder support for a C$1.9 billion ($1.4 billion) deal to take the department store operator private, people familiar with the matter said on Friday. Oman's state-owned Electricity Holding Company, also known as Nama, has sold a 49% stake in Oman Electricity Transmission Co. to State Grid Corporation of China, raising around $1 billion, Mansoor Al Hinai, a Nama spokesman, said on Sunday. Canada Jetlines Ltd JET.V said on Friday it has entered into a letter of intent (LOI) with U.S. based charter airline Global Crossing Airlines (GLOBALX) for a business combination. Chinese fintech company Ant Financial Services ANTFIN.UL and U.S. asset management firm The Vanguard Group have established a joint venture to provide retail investment advisory services in China, the companies said in a statement on Saturday. A unit of ByteDance, the owner of video-sharing platform TikTok, has established a joint venture with a Chinese state media group, official registration documents showed. Australia's National Veterinary Care Ltd NVL.AX entered into an initial agreement to be acquired by a veterinary clinic chain operator, in a deal valued at A$248.4 million ($168.56 million). Gold miners Endeavour EDV.TO and Centamin CEY.L have agreed to assess the feasibility of a merger, following a weekend meeting between top managers of the two companies, Endeavour said, driving Centamin's share price higher. Japanese telecom company KDDI Corp 9433.T is taking a 2.1% stake in convenience store chain Lawson 2651.T as part of a tie-up in smartphone payment services, amid a push by the government and businesses to bolster their digital options. Shares in German property group Adler Real Estate ADLG.DE rose as much as 10.5% after an agreed takeover offer by domestic peer Ado Properties ADJ.DE on Sunday that marked further consolidation in the sector. Australia's largest supermarket operator Woolworths Group WOW.AX said its shareholders have approved the first stage of a plan to combine and spin off its drinks and hospitality businesses.

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