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Deals of the day-Mergers and acquisitions

Published 13/11/2017, 09:50 pm
Updated 13/11/2017, 10:00 pm
© Reuters.  Deals of the day-Mergers and acquisitions

© Reuters. Deals of the day-Mergers and acquisitions

Nov 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1045 GMT on Monday:

** U.S. chipmaker Qualcomm Inc QCOM.O is making preparations to reject rival Broadcom Ltd's AVGO.O $103 billion bid as early as this week, four people familiar with the matter said, setting the stage for one of the biggest-ever takeover battles. Uber Technologies Inc's UBER.UL warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder. Austria's Signa, which is trying to buy German department-store chain Kaufhof from Hudson's Bay HBC.TO for 3 billion euros ($3.5 billion), has bought five trophy assets from RFR in Germany's biggest real-estate transaction of 2017. Grupo Caoa, Hyundai's 005380.KS local partner in Brazil, said it had bought 50 percent of Chinese automaker Chery's Brazilian operations, according to a written statement. Oman Telecommunications ( Omantel ) OTEL.OM will pay $1.35 billion to buy a further 12.1 percent stake in Kuwaiti telecoms company Zain ZAIN.KW in a deal that will expand its reach to nine Middle Eastern and North African countries. Peugeot maker PSA Group PEUP.PA signed a joint venture with three Algerian partners to launch a manufacturing unit building cars for the Algerian market, it said on Sunday. Singapore-listed Jardine Cycle and Carriage Ltd JCYC.SI said one of its units has agreed to buy a 5.53 percent stake in Vietnamese dairy firm Vinamilk VNM.HM , the country's biggest listed company, for $616.6 million. Australian coal rail operator Aurizon Holdings AZJ.AX said it was in talks to buy the Wiggins Island Coal Export Terminal (WICET), which urgently needs to restructure $3 billion in debt. Royal Dutch Shell RDSa.L said it was selling part of its stake in Woodside Petroleum Ltd WPL.AX to equity investors for about $1.7 billion. Equity Commonwealth EQC.N , a U.S. real estate investment trust (REIT) focused on office space and chaired by property mogul Sam Zell, has approached Forest City Realty Trust Inc FCEa.N to discuss a possible merger, people familiar with the matter said. Hasbro Inc HAS.O has made an approach to acquire rival Mattel Inc MAT.O , a source familiar with the matter said, the latest attempt to combine the two biggest U.S. toymakers in more than two decades.

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