June 28, 2018 / 11:36 AM / a year ago

Deals of the day-Mergers and acquisitions

(Adds Tenaga Nasional, Glencore, Saudi Basic Industries, Saudi Aramco, Walt Disney, Rocco Commisso, NII Holdings; Updates Neptune Energy, Thyssenkrupp, LVMH, Amazon)

June 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Amazon.com Inc said it would buy small online pharmacy PillPack, a move that will put the world’s biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers.

** Canadian auto parts supplier Magna International Inc said on Thursday it would buy Italian company Olsa SpA for 230 million euros ($267 million), to expand its automobile lighting business.

** Thyssenkrupp’s powerful labour representatives on Thursday signalled their support for a planned joint venture with Tata Steel, effectively guaranteeing that the landmark deal will be approved by the group’s supervisory board.

** Britain’s takeover regulator is considering whether Walt Disney might have to make a higher offer for Sky in the wake of the U.S. company’s move to hike its bid for Twenty-First Century Fox assets to $71.3 billion.

** TCI Fund Management Ltd, a large Twenty-First Century Fox Inc shareholder, has urged Fox executive chairman Rupert Murdoch to give Comcast Corp a chance to top Walt Disney Co’s $71 billion offer to buy most of Fox’s assets, according to a letter reviewed by Reuters.

** Private equity-backed Neptune Energy has agreed to buy the Norwegian and Danish offshore oil and gas assets of German gas utility VNG, the companies said.

** Italy’s Generali is expected to start exclusive talks shortly over the potential sale of its 40 billion euro ($48 billion) German life insurance portfolio to private equity-backed Viridium, a person close to the matter said.

** Poland’s second largest Bank Pekao is likely to pursue a merger with smaller rival Alior Bank but will delay publication of a recommendation on the tie-up beyond the end of June, two sources familiar with the matter said.

** A group of Takeda Pharmaceutical Co Ltd shareholders trying to build support to block the $62 billion acquisition of London-listed Shire Plc failed to get a proposal passed at the drugmaker’s annual general meeting.

** German generic drug maker Stada is buying the rights to anti-dandruff shampoo Nizoral from Johnson & Johnson’s Janssen Pharmaceutica and could announce further product acquisitions soon, its interim chief executive told Reuters.

** General Motors has agreed to transfer its Vietnamese operation to VinFast Trading and Production LLC and distribute Chevrolet cars through the local carmaker, in a move that could help drive up its modest sales in the country.

** BP is buying Britain’s top electric vehicle charging firm Chargemaster and will initially roll out its ultra-fast chargers across its filling station network in the UK before turning its attention to China’s rapidly growing market.

** An offer from U.S. television billionaire Rocco Commisso for a majority stake in Italy’s AC Milan would give the soccer club a total value of around 500 million euros ($579 million), including debt, sources close to the deal said.

** Mobile service company NII Holdings Inc has hired Rothschild & Co to sell control of its Nextel operations in Brazil, two people with knowledge of the matter said, opening the door to consolidation in the country’s crowded telecommunications sector.

** China’s Hisense Electric increased its holding in Slovenian household appliances maker Gorenje to 95.4 percent, brokerage Ilirika said.

** Turkish conglomerate Gama Holding is in talks with Malaysia’s Tenaga Nasional and other potential buyers about a sale of its 50.5 percent stake in its Gama Enerji energy unit, three sources said, as part of a $1 billion debt restructuring.

** French luxury group LVMH is parting ways with the eco-friendly Edun label started by singer Bono and his wife Ali Hewson, transferring its minority stake back to the founders as the firm winds down its U.S. operations.

** Commodities trader Glencore PLC is in talks to acquire Brazilian fuel distribution company Alesat Combustíveis SA, Brazilian newspaper Valor Economico said.

** Saudi Basic Industries Corp (SABIC) is considering increasing its holding in Clariant and pursuing joint ventures as the Saudi firm looks to strengthen ties with the Swiss chemicals group, sources told Reuters.

** Britain’s Competition and Markets Authority unconditionally cleared Sibanye-Stillwater’s proposed takeover of Lonmin, saying the mining merger would not require a second phase investigation.

** Tobacco company Imperial Brands is investing in Oxford Cannabinoid Technologies, to help the British biotech company research how marijuana can be used in medicine.

** Philippine conglomerate GT Capital Holdings Inc said it would buy shares of Japan’s Toyota Motor Corp worth up to 22.2 billion yen ($201.6 million), marking its first offshore investment.

** Saudi Aramco signed a deal with National Oilwell Varco Inc. (NOV) to form a joint venture to make onshore rigs and equipment in Saudi Arabia, the state-owned Saudi energy firm said. (Compiled by Karan Nagarkatti and Arunima Banerjee in Bengaluru)

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