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Deals of the day-Mergers and acquisitions

Published 15/06/2020, 08:00 pm
Updated 16/06/2020, 06:00 am
© Reuters.

(Adds Verbund , Travelex, London Stock Exchange , 58.com, First Horizon National)

June 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** The U.S. Federal Reserve announced it had approved a merger between First Horizon National Corp FHN.N and IBERIABANK Corp IBKC.O . Austrian utility Verbund VERB.VI has made a binding offer for OMV's OMVV.VI 51% stake in gas pipeline operator Gas Connect Austria, it said. Travelex TFPI.UL has terminated a sale process as the offers it received were "unacceptable" to its revolving credit facility lenders and holders of senior secured notes, the troubled currency services provider said. The London Stock Exchange LSE.L will not offer concessions to EU antitrust regulators reviewing its $27 billion bid for data and analytics company Refinitiv, two people familiar with the matter said, a move which will likely trigger a four-month probe. Chinese online classifieds 58.com Inc WUBA.N said it would be taken private by a consortium of investors, backed by private equity firms Warburg Pincus and General Atlantic, in a deal that valued the company at about $8.7 billion. Indian private lender Lakshmi Vilas Bank LVLS.NS said it had been approached by Clix Capital but gave no details after local media reported that the finance company had proposed taking a significant stake in LVB. French media group Lagardere LAGA.PA is looking to sell its live entertainment assets including the famous Les Folies Bergeres cabaret for some 70 million euros ($79 million), French daily Les Echos reported on its website. British drugmaker AstraZeneca Plc AZN.L has struck a deal with contract manufacturer Catalent Inc CTLT.N to help meet its global target of supplying two billion doses of its potential COVID-19 vaccine. Germany will take a stake in unlisted biotech firm CureVac, which is working on a COVID-19 vaccine, Economy Minister Peter Altmaier said, confirming an earlier Reuters report. British challenger bank Metro MTRO.L is in exclusive early stage talks to buy peer-to-peer lender RateSetter, the bank said in response to media speculation. Italy's Intesa Sanpaolo ISP.MI has agreed to sell more branches and assets to rival BPER EMII.MI to try to overcome antitrust objections to its proposed takeover of UBI Banca UBI.MI . Qantas Airways Ltd's QAN.AX low-cost arm Jetstar said it planned to cease being a shareholder in its Jetstar Pacific joint venture in Vietnam with Vietnam Airlines JSC HVN.HM in coming months, subject to approvals. Fast-growing Swedish cloud computing services provider Sinch AB SINCH.ST said it had agreed to buy Indian firm ACL Mobile for about $70 million (INR 5,350 million) in cash, its third large acquisition since the start of March.

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