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Deals of the day-Mergers and acquisitions

Published 2017-06-05, 07:04 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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June 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Monday:

** Apple Inc AAPL.O and Amazon.com Inc AMZN.O will join Foxconn's 2317.TW bid for Toshiba Corp's 6502.T semiconductor business, the Nikkei business daily quoted Foxconn Chairman Terry Gou as saying. Vietnam's Vietjet Aviation JSC VJC.HM said it has signed a strategic agreement with Japan's Mitsubishi UFJ Lease & Finance Co Ltd 8593.T to finance three aircraft purchases worth $348 million. UK mail delivery company DX Group DXDX.L agreed to acquire John Menzies ' MNZS.L distribution arm through a reverse takeover, securing backing from its largest investors after terms of the deal were revised. Bahrain's GFH Financial Group GFHB.BH has agreed to postpone talks to acquire Dubai-based Shuaa Capital SHUA.DU due to both parties not reaching acquisition terms and not receiving initial regulatory approval yet, it said in a bourse statement. Private equity groups trying to take control of Shawbrook SHAW.L said they had raised their offer for the British challenger bank by just over 3 percent, as they try to convince another 5 percent of shareholders to accept the deal. Coal giant Shenhua Group Corp Ltd SHGRP.UL and top-five state power producer China Guodian Corp CNGUO.UL are in talks to merge some assets, sources told Reuters, as part of a broader shake-up of China's debt-ridden state-owned sector. U.S. private equity group Blackstone (NYSE:BX) Group BX.N said it had offered to buy all shares in Finnish real estate investment company Sponda SDA1V.HE for about 1.8 billion euros ($2.0 billion) as it seeks to expand its real estate business in the Nordic region. The sale by Malaysian energy firm Petronas of an estimated $1 billion stake in a local upstream gas project has moved to the second round and is set to attract interest from about half a dozen bidders including Royal Dutch Shell RDSa.L and ExxonMobil Corp XOM.N , four sources familiar with the matter said. Czech-Slovak investment bank Penta's offer price for the remaining shares in Fortuna Entertainment FORE.PR it does not already own is below fair value, the Czech betting group said. Indian mobile carrier Reliance Communications RLCM.NS won breathing room after receiving a seven-month loan reprieve from lenders, but will now need to reassure investors it can accomplish two deals critical to reducing its heavy debt. Canada's Osisko Gold Royalties Ltd OR.TO said it agreed to buy a precious metals portfolio from Orion Mine Finance Group for C$1.13 billion ($839.40 million).

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