October 11, 2018 / 10:07 AM / 8 days ago

Deals of the day-Mergers and acquisitions

(Adds Atalaya Mining, Sears, Blackstone, Gemalto NV, ; Updates L Brands, Apple)

Oct 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2010 GMT on Thursday:

** Germany’s BMW will pay 3.6 billion euros ($4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world’s biggest auto market.

** Sears Holdings Corp’s Chief Executive Officer Eddie Lampert is exploring a bid for some of the cash-strapped U.S. retailer’s businesses and real estate once it files for bankruptcy as an alternative to a traditional court-supervised reorganization, people familiar with the matter said.

** Blackstone Group is nearing a deal to buy British live events business NEC Group, and has agreed to pay just over 800 million pounds ($1.06 billion) for the business, Sky News reported.

** South Africa’s biggest insurer Sanlam has sealed a $1.1 billion deal to acquire the remaining 53.37 percent stake in Moroccan insurance firm SAHAM Finances after receiving regulatory approvals, it said.

** Thailand’s energy regulator said it would block state-owned PTT Pcl’s bid to acquire power firm Glow Energy Pcl from France’s Engie PA in a deal worth up to $4 billion, in what would have been Thailand’s largest investment deal this year.

** Thales SA has offered concessions to address European Union antitrust concerns over the French aerospace and defense firm’s 4.8-billion-euro ($5.6 billion) bid for chipmaker Gemalto NV.

** L Brands said it was pursuing options for its money-losing luxury lingerie brand La Senza as it focuses on core businesses such as Victoria’s Secret and Bath & Body Works.

** Apple Inc is taking control over the power-management technology at the heart of its iPhones in a $600 million deal with Dialog Semiconductor that also secures the German-listed company’s role as a supplier to the U.S. tech giant.

** Copper producer Atalaya Mining,, which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said.

** Diversified Gas & Oil Plc said it acquired privately held natural gas producer Core Appalachia for $183 million.

** Swiss transport group Ceva Logistics rejected an unsolicited takeover approach from Denmark’s DSV, saying the 1.53 billion Swiss franc ($1.55 billion) cash bid undervalued the company that went public only in May.

** Johnston Press, the publisher of The Scotsman, The Yorkshire Post and “i”, put itself up for sale after it reviewed its finiancial situation, which includes a large debt repayment due next year.

** Japan’s FamilyMart Uny Holdings Co offered to sell its entire stake in struggling general-merchandising unit Uny to discount retailer Don Quijote Holdings Co, and take a 20 percent stake in the fast-growing chain for $1.9 billion. (Compiled by Aakash Jagadeesh Babu in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below