July 18, 2019 / 10:02 AM / 4 months ago

Deals of the day-Mergers and acquisitions

(Adds General Atlantic; Updates Vodafone, Stonegate)

July 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1300 GMT on Thursday:

** Brussels gave its blessing to Vodafone Group Plc’s $22 billion purchase of Liberty Global Plc’s cable networks in Germany and central Europe, clearing the way for the British company to become Europe’s largest mobile, broadband and TV provider.

** Slug and Lettuce pub chain-owner Stonegate said it agreed to buy larger rival Ei Group for 1.27 billion pounds ($1.58 billion), taking control of some 4,000 additional pubs to become Britain’s biggest pub operator.

** Private equity firm General Atlantic is nearing a deal to acquire a majority stake in Morphe LLC that will value the maker of makeup brushes and eyeshadow palettes at more than $2 billion, including debt, people familiar with the matter said.

** British media company Reach Plc said it was in the early stages of discussions to buy certain assets of JPI Media, which publishes the Yorkshire Post and the Scotsman.

** Dutch lender Rabobank and investment firm KKR have formed a consortium seeking to buy utility Eneco, the bank said.

** Australia’s LendLease Group said it secured a contract with Alphabet Inc’s Google to develop $15 billion worth of residential and retail space in Silicon Valley, sending the builder’s stock to a more than eight-month high.

Compiled by Nivedita Balu in Bengaluru

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