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Deals of the day: Mergers and acquisitions

Published 2019-08-27, 04:12 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Aug 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Philip Morris International Inc (NYSE:PM) PM.N and Altria Group (NYSE:MO) Inc MO.N are discussing an all-stock merger, potentially reuniting two of the world's largest tobacco companies in a bid to dominate the fast-growing electronic-cigarette market.

British oil major BP Plc BP.L agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a region where it operated for 60 years.

Lithium miner Galaxy Resources Ltd GXY.AX said it bought the $28.8 million dollar debt of troubled smaller peer Alita Resources Ltd A40.AX from a group of lenders led by fund manager Tribeca Investment Partners.

French oil major Total TOTF.PA said it had signed deals to transfer some of its assets in Kenya, Guyana and Namibia to Qatar Petroleum. United Arab Emirates-based utility Utico FZC said it had agreed on a restructuring deal with Singapore's indebted water treatment firm Hyflux Ltd HYFL.SI , giving it 88% of the company.

Sunrise Communications SRCG.S remains in talks with top shareholder Freenet FNTGn.DE about the planned 6.3 billion Swiss franc ($6.46 billion) takeover of Liberty Global's LBTYA.O Swiss business UPC, Sunrise finance chief Andre Krause told Reuters.

** Anglo American (LON:AAL) Platinum (Amplats) AMSJ.J said its subsidiary Rustenburg Platinum Mines (RPM) had completed the acquisition of the Kwanda North and Central Block prospecting rights for 300 million rand from Atlatsa Resources Corp ATL.TO .

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