November 7, 2019 / 10:31 AM / 5 days ago

Deals of the day-Mergers and acquisitions

(Adds United Group, T-Mobile US and BASF)

Nov 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** German chemicals group BASF has asked the two remaining private-equity suitors of its 3 billion euro ($3.3 billion) construction chemicals unit for final bids by Friday, three people close to the matter said.

** T-Mobile US Chief Executive John Legere acknowledged talks are ongoing with Sprint Corp to extend their merger agreement, but he declined to rule out requesting the $26 billion price be reduced.

** Balkan telecoms and media company United Group, owned by private equity firm BC Partners, said it had agreed to acquire Bulgaria’s leading telecoms operator Vivacom.

** A consortium composed of Madagascar’s Axian Group and Africa-focused private equity firm Emerging Capital Partners (ECP) will acquire a 51% stake in Togo’s state telecommunications company, Togocom, the government said.

** Sumitomo Mitsui Financial Group (SMFG) and Singapore-based lender OCBC Group Holdings are working on competing offers for Indonesia’s PT Bank Permata, sources familiar with the matter said.

** Chipmaker AMS launched a renewed $5 billion takeover bid for Osram, hoping its latest offer would convince investors with a lower acceptance rate and concessions to the German lighting group’s management and trade unions.

** French industrial group Legrand announced two new acquisitions after posting a 10% rise in nine-month adjusted operating profit, boosted by double-digit sales growth.

** Bovis Homes Group Plc said it would buy the residential divisions of British builder Galliford Try for 1.08 billion pounds ($1.39 billion).

** Three bidders, including a consortium led by South Korean conglomerate Aekyung, submitted formal bids for a controlling stake in Asiana Airlines Inc, the country’s No. 2 carrier, company officials said. (Compiled by Dania Nadeem in Bengaluru)

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