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 03/06/2020, 11:13 pm
Updated 04/06/2020, 06:12 am

(Adds Total , LVMH, Mediaset and Hyundai Heavy Industries; Updates Generali and MVM)

June 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** LVMH LVMH.PA CEO Bernard Arnault is exploring ways to reopen negotiations on the French luxury goods giant's $16.2 billion acquisition of U.S. jewelry chain Tiffany & Co TIF.N , as U.S. social unrest and the coronavirus pandemic weigh on the retail sector, people familiar with the matter said. EU antitrust regulators have restarted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries' 267250.KS $1.8 billion merger with Daewoo 042660.KS with a decision due by Sept. 3. Italian broadcaster Mediaset MS.MI has increased its direct stake in German counterpart ProSiebenSat.1 Media PSMGn.DE to 11.7% from 8.9%, accoring to a regulatory filing ahead of next week's annual general meeting. French oil major Total TOTF.PA said it will acquire a 51% stake in SSE's SSE.L Seagreen 1 British offshore wind farm project, adding it represented a global investment of around 3.7 billion dollars. Hungary's state-owned energy group MVM has submitted a final bid for E.ON's EONGn.DE Czech Innogy retail operations as it seeks to expand in central Europe, Chairman and CEO Gyorgy Kobor told Reuters. Leonardo Del Vecchio's plans to boost the European presence of Italy's top insurer Generali GASI.MI do not include a cross-border merger with rivals AXA AXAF.PA or Zurich ZURN.S , a source close to the billionaire said. Royal Dutch Shell RDSa.L is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer reviewed by Reuters. Virgin Australia Holdings Ltd's administrator has given final bidders Bain Capital and Cyrus Capital Partners until June 22 to lodge binding offers, an extension of 10 days from the original date, a person with knowledge of the matter said. Philippine conglomerate Ayala Corp AC.PS has made a bid worth A$777 million ($535 million) to buy Infigen Energy IFN.AX , pouncing on the Australian renewables company at a time when wind and solar firms are battling falling power prices.

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.