June 13, 2019 / 11:11 AM / 4 months ago

Deals of the day-Mergers and acquisitions

(Adds Patterson-UTI, Summit Materials, Popolare di Bari, Callaway Golf, Barrick Gold, ASTM,T-Mobile US)

June 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Scotland’s devolved government put Glasgow Prestwick airport up for sale, saying it wanted to return it to the private sector after having been in public hands for over five years.

** Brazilian retailer Magazine Luiza SA raised its offer to buy online sports retailer Netshoes Cayman Ltd to $3.70 per share, matching an offer by contender Grupo SBF SA, according to a securities filing.

** Jackpotjoy owner JPJ Group said it agreed to buy bingo software developer Gamesys for about $621.1 million, to cut its reliance on third-party technology platforms and tap into Gamesys’ brands to boost international growth.

** Australia’s Commonwealth Bank of Australia said it had agreed to sell advisory firm Count Financial Ltd to CountPlus Ltd for A$2.5 million ($1.7 million).

** Japanese restaurant operator Zensho Holdings Co Ltd agreed to buy Malaysian halal chain The Chicken Rice Shop (TCRS) for around 220 million ringgit ($52.86 million), a person with knowledge of the deal told Reuters.

** U.S. private equity investor KKR & Co Inc said on Wednesday it is selling Korea-based KCF Technologies (KCFT) to SKC, an affiliate of South Korean conglomerate SK Group, for 1.19 trillion won ($1 billion).

** Patterson-UTI Energy Inc is exploring the potential divestment of its pressure pumping business, a deal that could be worth around $1 billion and break up the U.S. oilfield services firm, people familiar with the matter said.

** Grupo Argos, a Colombian industrial conglomerate spanning energy and building materials, has approached U.S. aggregates and cement maker Summit Materials Inc about a merger, people familiar with the matter said on Thursday.

** Troubled Italian lender Popolare di Bari said it had received a binding bid from SRI Global for its 73.6 percent stake in Cassa di Risparmio di Orvieto (CariOrvieto) as part of efforts to strengthen its capital ratios.

** Activist investment firm Jana Partners said it owns a 9.2% stake in Callaway Golf Co and may push for changes including a possible sale, sending shares of the golf equipment maker up as much as 16%.

** British hedge fund Odey Asset Management said it would reject any offer from Barrick Gold Corp, for its stake in Acacia Mining Plc that is framed as “best and final,” becoming the second Acacia investor to publicly oppose the Canadian mining giant’s buyout proposal.

** Italian motorway infrastructure companies ASTM and SIAS said they had agreed to merge in an effort to streamline operations and make them more competitive.

** The judge hearing a request from state attorneys general to stop T-Mobile US Inc from buying Sprint Corp for $26 billion will hold a pre-trial hearing next week. (Compiled by Manojna Maddipatla in Bengaluru)

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