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Deals of the day-Mergers and acquisitions

Published 2017-05-01, 07:20 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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May 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1120 GMT on Monday:

** GSO Capital Partners, private equity firm Blackstone (NYSE:BX) Group LP's BX.N credit arm, is acquiring more of J. Crew Group Inc's debt, hoping for a profitable trade that could also give the U.S. fashion retailer more time to stave off bankruptcy, people familiar with the matter said. Australian state-owned power grid Endeavour Energy has attracted final bids from two consortiums comprised of local and foreign investors, and a decision on the expected A$4 billion ($2.99 billion) deal could come within a week, sources said. Pembina Pipeline Corp PPL.TO said it would buy Veresen Inc VSN.TO in a deal valued at C$9.7 billion, including debt, adding natural gas pipelines and processing infrastructure to its oil and natural gas liquids-heavy portfolio. Japanese trading house Sojitz Corp 2768.T aims to increase its holding of coking coal using funds from the planned sales of thermal coal assets, its president said on Monday. U.S. real estate investment trust Duke Realty Corp DRE.N said on Monday it would sell its medical office building assets to Healthcare Trust of America Inc HTA.N , an owner and operator of medical offices, for $2.8 billion in cash. Time Inc TIME.N said on Friday it was "definitely" not up for sale on Friday, sending its shares and those of U.S. broadcasting and publishing group Meredith Corp MDP.N , its most prominent suitor, sharply lower. Twenty-First Century Fox Inc FOXA.O is in talks with Blackstone Group LP BX.N about submitting an offer to buy Tribune Media Co TRCO.N , one of the largest U.S. television station operators, sources familiar with the matter said on Sunday. Shaw Communications SJRb.TO is looking for a buyer for ViaWest, the U.S. data center company it bought three years ago, according to people familiar with the matter, as the Canadian cable company continues to shed assets it considers non-core.

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