June 7, 2019 / 10:17 AM / 5 months ago

Deals of the day-Mergers and acquisitions

(Adds Millennium & Copthorne Hotels, Barnes & Noble, Rostec, Anadarko Petroleum, Dish Network)

June 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Friday:

** The attorneys general of Arizona, Michigan and Pennsylvania have joined a group of states probing T-Mobile’s plan to buy rival Sprint for $26 billion, which is believed to be nearing the end of a regulatory review.

** Brazilian electricity trader Focus Energia is in talks to buy the São Roque hydroelectric plant in the state of Santa Catarina, a Nova Engevix-controlled project that has ground to a halt near completion, two sources told Reuters.

** Vertex Pharmaceuticals Inc said it would acquire privately held Exonics Therapeutics for an upfront payment of $245 million and potential milestone payments of up to $750 million.

** Dutch insurer Vivat said it had agreed to a buyout deal with private life insurer Athora.

** French insurer AXA said that it had sold an 8% stake in AXA Equitable Holdings EQH.N through a secondary offering, as part of its plan to gradually divest from its U.S. life insurance business.

** Private equity-backed generic drugmaker Stada said it would buy six consumer healthcare products from British drugmaker GlaxoSmithKline to bolster its presence in Europe.

** The trading arm of Thailand’s state energy firm PTT has sold the company’s first liquefied natural gas (LNG) cargo, a company executive told Reuters, in yet another sign that LNG is increasingly becoming commoditised and traded.

** Millennium & Copthorne Hotels Plc has agreed to be acquired by majority owner City Developments Ltd in a deal that values the British company at 2.23 billion pounds ($2.84 billion), the two companies said.

** Barnes & Noble Inc said it would be bought by hedge fund Elliott Management Corp for $475.8 million, marking the end of the once-dominant U.S. book retailer as a public company after years of falling sales.

** Russian state conglomerate Rostec plans to reduce its stake in carmaker Avtovaz to 25% by selling a stake to France’s Renault, Rostec CEO said.

** Anadarko Petroleum exacted a top price for itself by repeatedly spurning Occidental Petroleum’s approaches and pushing for all-cash offers, reasoning the market might react negatively to the blockbuster $38 billion deal, according to securities filings released.

** Dish Network Corp is open to merging its satellite television business with AT&T Inc’s pay TV service DirecTV but the two companies have no active deal talks going on, according to a Bloomberg report seen by Reuters. (Compiled by Arundhati Sarkar and Nivedita Balu in Bengaluru)

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