September 6, 2018 / 10:06 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds Pebblebrook, SS&C Technologies, Ei Group, Assicurazioni Generali, Airbus; updates Kaufhof, ArcelorMittal)

Sept 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Airbus SE is no longer in talks to sell a part or all of Premium Aerotec, a subsidiary that makes large plane components, a German newspaper reported.

** Italy’s biggest insurer Assicurazioni Generali said it was in exclusive talks to buy the majority of French investment firm Sycomore and develop a partnership in line with its multi-boutique strategy in asset management.

** Britain’s largest pub owner Ei Group Plc said it had appointed Rothschild & Co to explore options including a full or partial sale of its commercial properties business.

** Financial software company SS&C Technologies Holdings Inc said it would buy data-sharing platform Intralinks Holdings Inc in a deal valued at $1.5 billion, the latest effort by the company to expand beyond its core clientele of hedge funds and private equity firms.

** U.S. hotel owner Pebblebrook Hotel Trust said it agreed to buy LaSalle Hotel Properties in a $5.2 billion cash-and-stock deal, a day after ditching a $4.8 billion all-cash offer from private equity firm Blackstone Group LP .

** Plus500 Ltd said that its founders looked to sell about 8 percent of their stake in the company in response to significant demand from a small number of institutional investors.

** Poland’s JSW is considering a bid for control of Prairie Mining to tighten its grip as the EU’s biggest coking coal miner, two sources familiar with the situation said.

** The European Union approved Apple’s planned acquisition of British music discovery app Shazam, saying an EU antitrust investigation showed it would not harm competition in the bloc.

** Siemens and Alstom said they were confident their rail merger would still go ahead and be completed on time despite objections raised by Australia’s competition watchdog.

** France’s CMA CGM, one of the world’s largest container-shipping lines, remains interested in seeking acquisitions despite bringing to an end its interest in German peer Hapag-Lloyd, its chief executive said.

** Germany’s two major department store chains Kaufhof and Karstadt have agreed to merge, several sources close to the deal told Reuters on Thursday, in the latest changes to the retail sector brought by fierce competition from ecommerce players.

** Steel giant ArcelorMittal reached a deal with trades’ unions over its planned purchase of Ilva, opening the way for the contested takeover just days before the Italian steelmaker runs out of cash.

** U.S. TV station owner Tribune Media Co is kicking off a new round of talks to sell itself after its planned $3.9 billion sale to peer Sinclair Broadcast Group Inc failed to get regulatory clearance, people familiar with the matter said on Wednesday.

** Buyout giant Blackstone Group LP said it was willing to lift its bid for Australian landlord Investa Office Fund to A$3.3 billion ($2.4 billion), to beat a rival offer from Canada’s Oxford Properties Group.

** New Novartis Chief Executive Vas Narasimhan has further reshaped the Swiss drugmaker, announcing that he is selling U.S. dermatology and generic pill assets to India’s Aurobindo Pharma Ltd for up to $1 billion.

** China’s Anbang Insurance Group has picked JPMorgan to manage the 1.4-1.8 billion euro ($1.6-$2 billion) sale of its Dutch insurance arm Vivat, two people familiar with the matter told Reuters.

** A tie-up between Atlantia and Spanish road-toll operator Abertis will proceed as planned, the deputy chairman of Atlantia’s top shareholder told a newspaper, dismissing worries it could be scrapped after a bridge disaster last month.

** Finnish sporting goods maker Amer Sports late on Wednesday put its Mavic cycling business up for possible sale and said it would at a later stage also assess strategic options for its fitness equipment and sports watch businesses.

** CatchMark Timber Trust Inc, a real-estate company investing in timberlands, said it was evaluating an all-stock offer to buy Phaunos Timber Fund Ltd, a closed-ended investment company that is winding down its business.

** EasyJet is still talking to the Italian government over Alitalia’s short-haul operations but the head of the budget airline stressed that any deal needs to make commercial sense.

** A Brazilian unit of AES Corp is considering a bid for a wind farm owned by Renova Energia SA, the chief executive officer for AES Tietê Energia SA said on Wednesday.

** Brazilian healthcare provider Notre Dame Intermedica Participações SA said on Wednesday in a securities filing that it intends to acquire smaller rival Green Line Group.

** New Zealand infrastructure investor Infratil Ltd affirmed that its NZ$2.30 per share buyout offer for wind farms operator Tilt Renewables Ltd was “reasonable and fair.”

** Delta Air Lines has hired two investment banks to offer a stake in its Monroe Energy refining subsidiary, signaling it wants a partner to shoulder the risk of running an energy business. (Compiled by Debroop Roy and Sanjana Shivdas in Bengaluru)

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