June 12, 2019 / 11:29 AM / 4 months ago

Deals of the day-Mergers and acquisitions

(Adds Glencore, Alitalia, Netshoes Cayman Ltd, Aker ASA)

June 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** French technology company Dassault Systemes SE is nearing a deal to acquire U.S.-based software firm for clinical trials Medidata Solutions Inc to boost its life sciences unit, CNBC reported on Tuesday, citing people familiar with the matter.

** Billionaire investor William Ackman’s activist hedge fund Pershing Square Capital Management LP is opposing United Technologies Corp’s planned $120 billion aerospace merger with defense contractor Raytheon Co, a person familiar with the matter said on Tuesday.

** U.S. refiner PBF Energy Inc on Tuesday agreed to pay up to $1 billion for a California oil refinery that Royal Dutch Shell PLC has been trying to sell for at least four years.

** Australian conglomerate Wesfarmers is buying e-commerce retailer Catch Group for about $160 million to boost the small online footprint of its retail units such as Kmart and Target amid a big shift by domestic shoppers to the web.

** Toymaker Mattel Inc last week rejected another merger offer from Bratz doll maker MGA Entertainment Inc, MGA’s chief executive officer, Isaac Larian, said on Tuesday.

** France’s Dassault Systemes moved to build up its life sciences presence with a $5.8 billion cash deal to buy Medidata Solutions, a U.S. firm focused on clinical trials.

** Macquarie-owned Green Investment Group (GIG) will acquire a Swedish 43-megawatt (MW) onshore wind farm project from developer OX2, it said in a statement.

** U.S. private equity investor KKR offered a 40% premium to buy out minority investors in Axel Springer in a deal that entrenches the influence of the main shareholders at the publishers of Germany’s Bild newspaper.

** Norway’s $1 trillion sovereign wealth fund may have to sell a $1 billion stake in commodities firm Glencore and other investments to meet tighter ethical investing rules adopted by its parliament.

** Apparel retailer Grupo SBF SA, operator of Brazil’s Centauro stores, has boosted its offer for online sports retailer Netshoes Cayman Ltd to $3.70 per share, as it tries to outbid rival contender Magazine Luiza SA .

** Norwegian investment firm Aker ASA aims to list its software firm Cognite on the Oslo stock market or find a merger partner for it to spur growth, AKER Chief Executive Oeyvind Eriksen said.

** The chairman of soccer club Lazio, Claudio Lotito, has presented an offer for Italian flagship carrier Alitalia, a source close to the matter said. (Compiled by Aakash Jagadeesh Babu in Bengaluru)

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