Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Deals of the day- Mergers and acquisitions

Published 2016-09-20, 04:06 p/m
© Reuters.  Deals of the day- Mergers and acquisitions
BAYGN
-
LHAG
-
SGOB
-
RENA
-
MTXGn
-
ENI
-
AGU
-
HOT
-
MAR
-
POT
-
AGN_pa
-
NG
-
MON
-
GLEN
-
DTSI
-
ADEA
-
ADEL
-
GAIL
-
IOC
-
TBRA
-
7201
-
SIKA
-
ARWA
-

(Adds Potash, Bain, Allergan (NYSE:AGN_pa); Updates Rabobank)

Sept 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday

** Italian oil major ENI SpA ENI.MI has delayed the planned $3.4 billion sale of its domestic retail business, sources said, as political uncertainty caused by an upcoming referendum on democratic reform hinders major deals across the country. Plunging crop and fertilizer prices may not have hit rock bottom yet, and the market's weakness makes it the right time to merge leading farm input suppliers, the chief executive officer of Agrium Inc AGU.TO said, making his pitch to skeptical investors for a $26 billion union with Potash Corp of Saskatchewan Inc POT.TO . Private equity firm Bain Capital has agreed to a debt for equity swap deal valued at $1.5 billion for Edcon, the chief executive of the South African clothes retailer said. Chinese antitrust regulators approved Marriott International Inc's MAR.O deal to buy Starwood Hotels & Resorts Worldwide (NYSE:HOT) Inc HOT.N , clearing the way for the combined company to become the world's largest hotel chain. India's biggest refiner Indian Oil Corp Ltd IOC.NS and gas transporter Gail (India) Ltd GAIL.NS are set to take a stake in a liquefied natural gas (LNG) terminal being built in the eastern state of Odisha. Allergan Plc AGN.N said it would buy Tobira Therapeutics Inc TBRA.O in a deal worth up to $1.7 billion, about 19 times the company's current value, to get a leg up in the race to develop therapies for NASH, an incurable fatty liver disease. A unit of India's Adani Enterprises Ltd ADEL.NS will buy the company that operates Australia's Abbot Point Coal Terminal from Glencore Plc GLEN.L for A$19.25 million ($14.52 million), ending a legal wrangle over control of the port. Tessera Technologies Inc TSRA.O , which licenses technology mainly to the semiconductor industry, said it would buy DTS Inc DTSI.O , a provider of audio technology for mobile devices, home theater systems and cars, for about $850 million in cash. The chief executive of Swiss specialty chemicals company Sika AG SIK.S does not see an amicable solution to Saint-Gobain's SGOB.PA hostile takeover attempt, now mired in Swiss courts, and will quit if it goes ahead, he said. New Zealand approved the sale of a 50 percent stake in the country's largest meat processor Silver Fern Farms to a unit of China's Bright Food Group SHMNGA.UL , enhancing the South Island-based company's access into the Chinese market. German drugmaker Bayer BAYGn.DE said its two best-selling drugs had a higher annual peak sales potential than previously targeted, after the agreed $66 billion takeover of Monsanto (NYSE:MON) MON.N stirred criticism it might neglect its pharmaceuticals business. China's Baosteel Iron and Steel 600019.SS will acquire its smaller debt-laden rival, Wuhan Iron and Steel 600005.SS , in a deal that will create one of the world's largest steel producers. Rabobank, the Dutch cooperative bank, said it had sold its real estate financing unit RNHB Bank to CarVal Investors and Arrow Global ARWA.L . Grab, the biggest rival to ride-sharing service Uber Technologies Inc UBER.UL in Southeast Asia, has raised $750 million in a funding round, turning up the heat on the U.S. firm now seeking to expand in the region after exiting China. Lufthansa's LHAG.DE maintenance unit and MTU Aero Engines AG MTXGn.DE are looking into the possibility of setting up a joint company to provide maintenance, repair and overhaul of aircraft engines. Renault SA RENA.PA and Nissan Motor Co 7201.T announced they would buy French software development company Sylpheo as they compete with global automakers and tech firms to develop new services including ride hailing and car sharing. Dubai Aerospace Enterprise, an aircraft leasing and maintenance company controlled by the government of Dubai, said it had agreed to buy an 80 percent stake in Jordan Aircraft Maintenance Ltd. = 1.3667 New Zealand dollars)

($1 = 0.8950 euros)

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.