Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Deals of the day-Mergers and acquisitions

Published 2019-07-17, 04:05 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
TLIT
-
ESLX
-
RENA
-
BT
-
4502
-
SAGA
-
GVNV
-
INWT
-
CURA
-

July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Dutch optical retailer GrandVision NV GVNV.AS said it was approached by EssilorLuxottica SA ESLX.PA and HAL Holding NV for a possible transfer of HAL's majority stake in the company to the French eyewear group.

Japan's Takeda Pharmaceutical Co 4502.T has reached out to prospective bidders for a portfolio of drugs for sale in western Europe as it seeks to trim its debt following the $59 billion purchase of Shire, sources close to the matter told Reuters.

Curaleaf Holdings Inc CURA.CD will buy fellow U.S. cannabis cultivator and retailer GR Companies Inc (Grassroots) in an $875 million cash-and-stock deal, expanding its reach when more U.S. states are expected to legalize recreational use of marijuana.

Rothschild has agreed to buy a minority stake in British stockbroking and financial services firm Redburn for an undisclosed amount of money, as regulatory pressures push smaller companies to consolidate with larger players.

Activist investor Elliott ECAL.UL has disclosed a stake in Britain's Saga Plc SAGAG.L , less than a month after the specialist tourism and insurance firm warned that discounting was taking a heavy toll on its tours business.

Italy's largest phone company, Telecom Italia TLIT.MI , is considering a plan to sell assets worth around 2 billion euros ($2.2 billion), including a stake in its separately listed INWIT INWT.MI towers unit, La Repubblica daily said.

France's Renault SA RENA.PA said it would invest $145 million in a unit of China's Jiangling Motors Corporation Group (JMCG) that will allow it to expand its electric vehicle manufacturing footprint in the world's largest auto market.

Britain's BT Group BT.L said it would sell its global headquarters to a fund managed by European private equity company Orion Capital Managers for 209.6 million pounds ($260.2 million).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.