Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Deals of the day-Mergers and acquisitions

Published 11/06/2020, 08:30 pm
Updated 12/06/2020, 06:06 am
© Reuters.

(Adds Nestle, AstraZeneca, Omnipol, Exxon Mobil (NYSE:XOM) and updates Unilever (LON:ULVR), Grubhub, Viagogo)

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

** Nestle NESN.S is exploring a potential sale of part of its North American water business, including the Pure Life brand, it said, as the food giant shifts focus to better performing brands. AstraZeneca Plc AZN.L picked Emergent BioSolutions Inc EBS.N to help produce the 300 million doses of the British drugmaker's potential COVID-19 vaccine pledged to the United States. Czech defence and security group Omnipol said it had acquired domestic aircraft maker Aero Vodochody Aerospace in a joint venture with Hungarian businessman and former chief security adviser Andras Tombor. Exxon Mobil XOM.N is preparing to restart the sale of its British North Sea assets after weaker oil prices and the coronavirus outbreak led to months of delay, industry and banking sources said. Unilever proposed to ditch its dual Anglo-Dutch legal structure and create a single company in Britain to give it more flexibility for mergers and acquisitions as the coronavirus pandemic overwhelms businesses worldwide. Just Eat Takeaway said its proposed $6 billion takeover of Grubhub to create a trans-Atlantic giant would give it the upper hand in the online food delivery market, where competitors are scrambling for share. Ticket reseller Viagogo has a week's time to submit proposals addressing competition concerns over its $4.05 billion deal for the ticketing unit of U.S. e-commerce company eBay Inc EBAY.O , UK's competition watchdog said. Royal Dutch Shell RDSa.L has launched the sale of its stakes in two oilfields and two pipelines in Norway, according to a sales document seen by Reuters. Shareholders owning more than 90% of Spanish exchange BME BME.MC have accepted a 2.8 billon euros takeover offer from Swiss rival SIX, Spain's stock market supervisor CNMV said. Takeda Pharmaceutical Co Ltd 4502.T has agreed to sell a portfolio of over-the-counter and prescription drugs marketed in the Asia Pacific region to South Korea's Celltrion Inc 068270.KS for $278 million, it said. Bain Capital's tender offer "substantially" undervalued Japanese nursing home operator Nichiigakkan Co 9792.T and appeared to take "advantage of COVID-19 related weakness in the share price", investment fund LIM Advisors said in a letter to management. Japan's Mitsubishi Electric Corp 6503.T said it would buy part of a plant in western Japan from Sharp Corp 6753.T to meet growing demand for power management chips used in electric vehicles (EVs). Intesa Sanpaolo ISP.MI is confident it can overcome objections raised so far by Italy's antitrust authority to its proposed takeover bid for rival UBI Banca UBI.MI , a top executive at the Italian lender was quoted as saying. Australia's Beston Global Food Company BFC.AX said it was selling its dairy farms to Aurora Dairies for A$40.4 million, in a deal which may need regulatory approval due to the new stringent rules for foreign investment. Fiat Chrysler FCHA.MI and Peugeot maker PSA PEUP.PA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned $50 billion merger, people familiar with the matter said on Wednesday.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.