September 27, 2019 / 10:03 AM / 18 days ago

Deals of the day-Mergers and acquisitions

(Adds AMS, Emerson Electric, Anadarko Petroleum, Sony, Sunrise Communications and Bank of Nova Scotia)

Sept 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Austrian sensor maker AMS raised its takeover offer for Osram to 4.5 billion euros ($4.9 billion), ratcheting up the pressure on a private equity consortium also vying to buy the German lighting group.

** Hedge fund D.E. Shaw & Co is building a stake in Emerson Electric Co and is planning to push for changes, including a potential split-up of the U.S. industrial conglomerate, people familiar with the matter said.

** Mozambique is targeting $880 million in capital gains tax from the takeover of Anadarko Petroleum by Occidental Petroleum , local newspaper O Pais reported.

** Spider-Man, the popular web-slinging superhero currently played by actor Tom Holland, will headline a new movie in 2021 and appear in a future Marvel Studios film under a deal announced by Sony Corp and Walt Disney Co.

** Sunrise Communications could slash the size of its planned 4.1 billion Swiss franc ($4.13 billion) rights issue to finance its purchase of Liberty Global’s Swiss UPC business, four people close to the situation told Reuters.

** Bank of Nova Scotia said it will not proceed with a proposed sale of its operations in Guyana following opposition from the central bank.

** Ametek Inc said it would buy Roper Technologies Inc’s unit, Gatan Inc, for $925 million in cash, months after Thermo Fisher Scientific Inc scrapped its plan to buy the business due to regulatory challenges.

** The Competition Commission of India (CCI) said it approved Saudi Aramco’s acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC).

** Germany’s Freenet does not intend to sell its shares in Sunrise Communications soon no matter what happens with the capital increase Sunrise plans to fund its 6.3 billion Swiss franc ($6.35 billion) purchase of Liberty Global’s Swiss UPC business, Freenet’s chief executive said.

** Kenya’s central bank said that it had approved the merger of Commercial Bank of Africa and NIC Group, making it the second major merger in the sector this year.

** Austrian sensor maker AMS has increased its takeover offer for German lighting group Osram to 41.00 euros per share or 4.5 billion euros ($4.9 billion), heating up a bidding war as a rival consortium is poised to enter the fray.

** Japanese hotel operator Unizo Holdings withdrew its support for a $1.3 billion takeover bid by a SoftBank-backed fund, saying it wanted better terms, just a month after it welcomed the “white knight” buyout offer.

** Toyota Motor Corp will raise its stake in Subaru Corp to 20% from around 17%, the two Japanese automakers said, as they leverage their scale to better compete in developing new vehicle technologies.

** Delta Air Lines said on Thursday it would buy a 20% stake in LATAM Airlines Group for $1.9 billion, creating a major new airline partnership and ending the Chilean carrier’s ties with American Airlines.

** U.S. nuclear energy firm Westinghouse Electric Co said on Thursday it would buy Rolls-Royce Holding’s Civil Nuclear Systems and Services business in North America, to boost its growth in North American and European nuclear markets.

** German real estate group Gewobag has signed an agreement to buy about 6,000 flats in Berlin from peer ADO Properties for 920 million euros ($1 billion), it said late on Thursday. (Compiled by Ayanti Bera and Sanjana Shivdas in Bengaluru)

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