June 18, 2019 / 10:38 AM / 4 months ago

Deals of the day-Mergers and acquisitions

(Adds Acacia, Kenya Airways)

June 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2020 GMT on Tuesday:

** Gold miner Acacia Mining Plc agreed to extend the deadline for Canadian miner Barrick Gold Corp to make a firm offer for taking full control of the company.

** A Kenyan parliamentary committee recommended nationalising Kenya Airways as part of an effort to turn around the loss-making airline.

** Intertrust has acquired U.S.-based Viteos for $330 million, the Dutch business administration company said, in a deal that will help strengthen its foothold in the United States and increase exposure to funds.

** Finnish IT services firm Tieto is buying Norwegian peer Evry for 13.2 billion crowns ($1.5 billion) to create a Nordic digital consultancy offering software, cloud solutions, robotics and other services.

** Siemens struck a deal to sell its in-house startup Siemens eAircraft to Rolls-Royce for an undisclosed sum, it said.

** Wall Street Journal-owner News Corp said it was evaluating options for its News America Marketing business, including a potential sale.

** MetLife AIG ANB Cooperative Insurance Co said it signed a non-binding memorandum of understanding with bigger rival Walaa Cooperative Insurance Co to evaluate a potential merger between the two companies.

** Infineon Technologies raised 1.545 billion euros ($1.74 billion) in an accelerated capital increase to help fund the cost of its planned acquisition of Cypress Semiconductor, it said late on Monday.

Compiled by Uday Sampath in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below