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Deals of the day- Mergers and acquisitions

Published 2016-08-31, 04:00 p/m
© Reuters.  Deals of the day- Mergers and acquisitions
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(Adds Deere, Intersil, Infoblox, Deutsche Bank )

Aug 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping Deere & Co DE.N from buying Monsanto (NYSE:MON) Co's MON.N Precision Planting farm equipment business. Intersil Corp ISIL.O may announce a sale to Renesas Electronics Corp 6723.T. as early as next week, choosing the Japanese semiconductor company over U.S. suitor Maxim Integrated Products Inc MXIM.O , people familiar with the matter said. Fosun international Ltd 0656.HK , China's largest private conglomerate, is in talks to acquire a stake in Russian investment bank Renaissance Capital, two sources familiar with the matter told Reuters. U.S. network security firm Infoblox Inc BLOX.N has launched a process to sell itself after it received buyout interest from private equity firms and it came under pressure from activist fund Starboard Value LP, people familiar with the matter said. French nuclear power engineering group Areva AREVA.PA has rejected a non-binding offer from General Electric (NYSE:GE) GE.N for assets belonging to the Adwen offshore wind power joint venture between Gamesa GAM.MC and Areva, sources close to the talks told Reuters. Top executives of Deutsche Bank DBKGn.DE and Commerzbank CBKG.DE held talks on a potential combination of Germany's two biggest banks earlier this month, a source familiar with the matter said on Wednesday. Alere Inc ALR.N alleges Abbott Laboratories (NYSE:ABT) ABT.N is trying to stymie its planned $5.8 billion takeover of the diagnostics company by purposefully delaying key submissions to anti-trust regulators, according to a lawsuit made public on Tuesday. Contact center company Genesys agreed to buy Interactive Intelligence Group Inc ININ.O for about $1.4 billion as it looks to build scale in the face of fierce competition in the telecommunications software and equipment industry. Israeli conglomerate Delek Group DLEKG.TA is considering spinning off its holdings in the large Tamar natural gas field into a separate publicly traded company. JX Holdings Inc 5020.T , Japan's biggest oil refiner by sales, has agreed to pay about 352 billion yen ($3.4 billion) in stock for TonenGeneral Sekiyu KK 5012.T , the country's third-largest refiner by sales. Twin Butte Energy TBE.TO debenture holders, who on Monday rejected a takeover bid by Reignwood Resources Holding Pte Ltd, have made an alternative proposal on the deal to the Canadian oil producer's special committee, a source familiar with the situation said on Tuesday. India's Zee Entertainment Enterprises Ltd ZEE.NS said it has agreed to sell its sports broadcasting business to Sony Pictures Networks for $385 million, as it rejigs its media content delivery businesses. The head of Deutsche Bank DBKGn.DE called on Wednesday for cross-border bank mergers in Europe, seeing the sector's fragmentation as placing an unacceptable squeeze on bank profits and long-term sustainability. John Cryan's remarks will likely spur further discussion about the future of the struggling bank, although he was quick to throw cold water on reports that Deutsche examined a merger with Commerzbank, which is partly owned by the German state. Nexus Capital Management, a Hong Kong-based fund, has further increased its stake in China Vanke Co Ltd 2202.HK 000002.SZ , the country's biggest property developer currently embroiled in a high-profile power struggle, sending shares in Vanke higher. Private equity firm Vista Equity Partners Management LLC is exploring a sale of Aptean Inc MTMSS.UL , hoping a deal will value the U.S. business software company at more than $1 billion, including debt, according to people familiar with the matter. Motiva Enterprises LLC MOTIV.UL said on Tuesday the division of its U.S. refining assets between Royal Dutch Shell Plc RDSa.L and Saudi Aramco IPO-ARMO.SE would take place on April 1, 2017, months later than originally expected. Tecomet Inc, a privately held U.S. contract manufacturer of medical devices and surgical instruments, is exploring a sale that could value it at more than $1 billion, including debt, according to people familiar with the matter. Activist U.S. hedge fund Elliott Capital has raised its stake in British discount chain Poundland PLND.L to 22.7 percent, putting it in a position to be able to block an agreed takeover by South African retailer Steinhoff. A consortium led by Bulgarian businessman Spas Roussev has taken control of Bulgaria's leading telecoms operator Vivacom from Russia's VTB Bank VTBR.MM , after bidding 330 million euros ($368 million) for it in an auction.

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