October 10, 2018 / 10:02 AM / in 12 days

Deals of the day-Mergers and acquisitions

(Adds CVS, TransDigm Group, Revolution Bars, Mitek, Parkland Fuel, Albertis ; Updates Imperva, Capio)

Oct 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Italy’s Atlantia SpA and Spain’s Acs Actividades de Construccion y Servicios SA will finalize their purchase of Abertis in the coming weeks, three sources close to the matter said, dismissing concerns the deal could fall apart after a bridge operated by an Atlantia business collapsed.

** Parkland Fuel Corp, a Canada-based marketer of petroleum products, said it would buy a 75 percent stake in privately held SOL Investments Ltd for C$1.57 billion ($1.21 billion) to expand further in the U.S. Gulf and the Atlantic coast.

** Pharmacy chain CVS Health Corp won U.S. antitrust approval for its $69 billion acquisition of health insurer Aetna Inc, the Justice Department said, paving the way for a combination with potential to cut U.S. healthcare costs.

** Buyout firm Thoma Bravo LLC has agreed to buy Imperva Inc for $2.1 billion in cash, adding the cybersecurity firm to its technology-heavy investment portfolio, the company said.

** Aircraft parts supplier TransDigm Group Inc has agreed to buy smaller rival Esterline Technologies Corp for about $3.6 billion in its biggest-ever deal, as it seeks the heft to compete with Boeing Co and Airbus SE in after-sales servicing.

** Britain’s Revolution Bars Group ended talks to buy nightclub operator Deltic Group, saying a deal would not be in the best interests of its shareholders.

** Mitek Systems Inc, a U.S. provider of financial technology to banks, has rejected a takeover approach from hedge fund Elliott Management Corp’s software company ASG Technologies Group Inc , people familiar with the matter said.

** U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf, as it transfers its last stake in an exploration license, according to a government letter.

** South Korea’s Lotte Corp said it planned to take a stake in Lotte Chemical for 2.2 trillion won ($1.93 billion) from two affiliates to improve its governance and efficiency.

** Leading shareholders in Sweden’s Capio swung behind a $900 million takeover bid from France’s Ramsay Generale de Sante, paving the way for a deal to go through after the board backed it.

** FamilyMart Uny Holdings Co is considering selling the rest of its Uny general merchandise store unit to discount retailer Don Quijote Holdings Co, Nikkei Business magazine reported.

** Japan’s SoftBank Group Corp is in talks to buy a majority stake in U.S. shared office space provider WeWork Cos, a source said, potentially doubling down on one of its biggest bets on a loss-making startup.

** Shares in Alps Electric Co rose as much as 2.8 percent after a regulatory filing a day earlier showed U.S. hedge fund Elliott Management Corp had boosted its stake in the company to 9.22 percent from 6.26 percent.

** Australian education provider Navitas Ltd said on Tuesday it had received a A$1.97 billion ($1.4 billion) takeover bid from an Australian private equity firm and the company’s co-founder, sending its shares 20 percent higher. (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