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Deals of the day- Mergers and acquisitions

Published 2015-10-05, 06:34 a/m
© Reuters.  Deals of the day- Mergers and acquisitions
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Oct 5 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1030 GMT on Monday:

** Nelson Peltz's Trian Fund Management said it has bought
$2.5 billion in General Electric (NYSE:GE) GE.N shares since May, making
it one of the company's top 10 shareholders. ID:nL3N12515I

** Nestle NESN.VX is in talks to merge its international
ice cream business with R&R Ice Cream in a 3 billion euro ($3.4
billion) deal, according to a source familiar with the matter,
as the world's biggest packaged food firm focuses more closely
on its higher-performing brands. ID:nL8N1251TY

** Potash Corp of Saskatchewan POT.TO said it has
withdrawn its offer for German potash producer K+S SDFGn.DE ,
citing a decline in global commodity and equity markets and a
lack of engagement by K+S management. ID:nL3N1250G6

** Britain's finance ministry will sell at least 2 billion
pounds (about $3 billion) in Lloyds Banking Group LLOY.L to
retail investors in spring 2016 as part of plans to return the
bank to full private ownership, it said on Monday.
ID:nL8N1250H9

** German wind turbine maker Nordex NDXG.DE is buying the
wind power business from Spain's Acciona SA ANA.MC for 785
million euros ($880 million) in cash and shares, it said late on
Sunday. ID:nASN000AKL

** Italian publisher RCS MediaGroup RCSM.MI said on Sunday
it had agreed to sell its book publishing unit to rival Arnoldo
Mondadori Editore MOED.MI for 127.5 million euros ($143
million). ID:nL8N12414J

** Oman's Renaissance Services RSC.OM plans to sell Topaz
Engineering Ltd for $18.5 million to Chalmers Holdings, the
company said on Sunday. ID:nL8N12402J

** Outsourcing company Xchanging Plc XCH.L said it had
over the past few months received two separate takeover
proposals from British peer Capita Plc CPI.L and U.S.-based
private equity firm Apollo Global Management LLC.
ID:nL3N1251BV

** Norway's Telenor TEL.OL has not yet been in touch with
potential buyers of its shares in Vimpelcom VIP.O , the firm's
chief executive told Reuters on Monday. ID:nL8N1250IQ

** Austrian property firm Immofinanz IMFI.VI is expanding
in Germany as part of its strategy to reduce its exposure to the
volatile Russian retail market, building offices costing 145
million euros ($163 million) in Duesseldorf, it said.
ID:nASN000AL4

** Hungary could sell all but a 10-20 percent stake in
state-owned MKB Bank by late December, Chief Executive Adam
Balog told Reuters, adding that the "preferred" ownership
structure of the privatized lender would also include foreign
investors. ID:nL8N1251DO

** European Union antitrust regulators will rule by Nov. 9
whether to clear a $37 billion bid by U.S. chipmaker Avago
Technologies AVGO.O for rival Broadcom Corp BRCM.O , the
biggest ever merger in the sector. ID:nL8N1251OH

** APR Energy Plc APREN.L , the embattled provider of
temporary power systems, said it was in talks to be bought out
by a consortium including Fairfax Financial Holdings Ltd
FFH.TO , its largest shareholder. ID:nL3N12526Q

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