August 1, 2019 / 10:03 AM / a month ago

Deals of the day-Mergers and acquisitions

(Adds Aviva, Occidental Petroleum, Top-10)

Aug 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

**Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of Anadarko Petroleum after the latter’s Aug. 8 shareholder vote, the company said.

**British life and general insurer Aviva is looking to sell its Asia business, valuing the unit at more than $2 billion, two sources familiar with the matter told Reuters.

**Top-10 Just Eat investor Aberdeen Standard Investments said it welcomed a planned merger with rival Takeaway.com, but the current deal terms did not value the British company highly enough.

** London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg.

** KKR said its tender to buy out minority shareholders in Axel Springer had received 15.5% in acceptances, bringing it closer to the 20% it needs for the deal to succeed ahead of Friday’s deadline.

** Metro Pacific Investments Corp has received interest from many potential buyers for a minority stake in its hospital unit, which could be valued at up to $2.5 billion in the largest healthcare deal in the Philippines.

** French water and waste group Veolia said on Thursday it will target bigger acquisitions from next year as it focuses on high-growth activities such as toxic waste treatment and plastics recycling.

** ArcelorMittal’s South Africa business has agreed to buy steelmaker Highveld Structural Mill (HSM) for 300 million rand ($20.9 million) as it seeks to expand its manufacturing capabilities.

** Amazon.com Inc is in exploratory talks with Reliance Industries Ltd’s retail unit to buy an up to 26% stake in India’s biggest brick-and-mortar retailer, the Economic Times (ET) reported.

** Albemarle Corp, the world’s largest lithium producer, has revised a deal to buy into Australia’s Mineral Resources Ltd’s Wodgina mine to cut spending on the deal and better cope with a slump in the lithium market.

** An attorney for a group of 13 state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc’s $26 billion merger with Sprint Corp has requested a new trial date for the case.

** Australia’s competition regulator raised concerns on Thursday over Qantas Airways Ltd’s acquisition of a 19.9% stake in Alliance Airlines, saying Qantas had not sought informal clearance from the regulator before the deal.

** Nexstar Media Group Inc NXST.O and Tribune Media Co TRCO.N must divest television stations in 13 markets to resolve antitrust concerns over their proposed $6.4 billion merger, the U.S. Justice Department said on Wednesday.

** Energy trading company Vitol SA said on Wednesday it will acquire 50% of Brazil’s Grupo Dislub Equador (GDE) for an undisclosed amount to build its downstream presence in Brazil.

** Members of Nordstrom Inc’s founding family are in the early stages of discussing a proposal to boost their roughly one-third stake in the retailer to over 50%, the Wall Street Journal reported, citing people familiar with the matter. (Compiled by Abhishek Manikandan and Arunima Kumar in Bengaluru)

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