October 16, 2019 / 10:05 AM / a month ago

Deals of the day-Mergers and acquisitions

(Adds T-Mobile, Signify, America Movil ; updates Alexion Pharmaceuticals)

Oct 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 hours GMT on Wednesday:

** T-Mobile US Inc’s proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission in a vote split along party lines, two sources told Reuters.

** Alexion Pharmaceuticals Inc agreed to buy smaller biotech Achillion Pharmaceuticals Inc in a deal initially valued at $930 million, as the company looks to retain its leadership in treating certain rare blood disorders.

** Signify, the Dutch-based lighting company, has agreed to buy U.S. firm Cooper Lighting Solutions from Eaton Corp for $1.4 billion in cash to boost its presence in North America.

** Brazilian software company Linx SA has agreed to acquire 100% of SetaDigital Sistemas Gerenciais Ltda for up to 36.8 million reais ($8.81 million), it said in a securities filing.

** America Movil, Mexico’s largest telecommunications company, said it was open to discussing a deal with Oi SA, amid speculation that the Brazilian telecom carrier is in talks to sell its assets.

** Dutch lighting company Signify has agreed to buy U.S. firm Cooper Lighting Solutions from Eaton Corp for $1.4 billion in cash to boost its presence in North America.

** MGM Resorts International said it would sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued together at about $5 billion, as the U.S. casino operator seeks to monetize its real estate assets and bolster its balance sheet.

** Australia’s AGL Energy Ltd offered to buy local telecom firm Southern Phone Company in its second attempt this year to expand into the telco sector, aiming to cross-sell broadband and data to its large base of power and gas customers. (Compiled by Praveen Paramasivam in Bengaluru)

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