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Deals of the day-Mergers and acquisitions

Published 2018-11-05, 04:00 p/m
Updated 2018-11-05, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Thoma Bravo, CK Asset Holdings, Takeda Pharmaceutical, Updates Icelandair, Italgas)

Nov 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** India's Tata Group is in talks to buy a majority stake in beleaguered carrier Jet Airways JET.NS and its loyalty programme, television news channel CNBC-TV18 reported, citing sources. The boss of Japan's Takeda Pharmaceutical 4502.T said on Monday he was confident of securing investor backing for its $62 billion acquisition of London-listed Shire SHP.L , despite some shareholders' fears about the resulting debt burden.

** Family-owned German vacuum pump maker Busch has acquired more than half of the shares in German manufacturer of vacuum systems Pfeiffer Vacuum PV.DE and is planing a strategic cooperation with its new subsidiary, Pfeiffer said. Thoma Bravo said it would buy software security firm Veracode for $950 million, the latest addition to the technology-focused buyout group's cybersecurity portfolio. Italy's biggest gas distributor Italgas IG.MI will announce an acquisition by year end but is not interested in a reported deal with utility Ascopiave ASCI.MI , its CEO said. Zimbabwe will announce in two weeks the successful bidders for assets owned by state-owned mining company ZMDC, including gold mines, the mines minister said, adding more companies would be put on sale at the end of November. The owner of London's Earls Court, Capital & Counties Properties CAPCC.L , said it was in talks to sell the bulk of its interests in the estate to Hong Kong billionaire property developer Li Ka-shing's CK Asset Holdings 1113.HK . Canadian Solar CSIQ.O said its Chief Executive Officer Shawn Qu has withdrawn an offer to take the solar module maker private after a special committee set up by the board recommended rejecting his bid. Icelandair ICEAIR.IC has agreed to buy rival Icelandic airline WOW air from its founder for about $18 million in an all-share deal aimed at creating a stronger international competitor. A stake of Chinese private lender WeBank, which counts gaming and social media firm Tencent Holdings Ltd 0700.HK as a major shareholder, is being auctioned with a price tag of 441 million yuan ($63.63 million) following a court ruling. French payments group Ingenico INGC.PA , which has attracted bid interest from banking company Natixis CNAT.PA , named a new chief executive, sending its shares higher on the prospect that a new board could strike a deal. French energy group Total TOTF.PA and Sempra Energy (NYSE:SRE) SRE.N have signed a memorandum of understanding on the north American liquefied natural gas (LNG) market, which could see Total acquire a further stake in the sector. Barrick Gold Corp , which is being formed by Barrick's ABX.TO $6.1 billion takeover of Randgold Resources RRS.L , is in talks with Newmont Mining (NYSE:NEM) NEM.N to combine their Nevada gold mining operations, sources told Reuters. RPC Group RPC.L further extended the deadline for private equity firms Apollo Global Management APO.N and Bain Capital to make firm takeover bids for the plastic packaging maker. France's Societe Generale SOGN.PA has sold its Euro Bank business in Poland to Bank Millennium MILP.WA for 1.83 billion zlotys ($484 million), further reducing its exposure to eastern Europe. Australian pet store owner Greencross Ltd GXL.AX has bowed to a A$669 million ($481 million) takeover from U.S. private equity giant TPG Capital, sending its shares up sharply as investors cheered an exit from a fiercely competitive market. GAM Holding AG GAMH.S has rebuffed an offer from Schroders Plc SDR.L to sell its Systematic division, which handles the Swiss money manager's Cantab quantitative hedge fund unit, the FT reported, citing two people familiar with the matter. DWS Group DWSG.DE , Deutsche Bank's DBKGn.DE asset manager, has entered into a binding agreement to acquire an equity stake of 15 percent in Dubai-based Neo Technologies, the companies said on Sunday. British Airways owner IAG ICAG.L , which has tried to take over Norwegian Air NWC.OL , said on Friday it regards the short-haul market as its best opportunity for consolidation.

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