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Deals of the day-Mergers and acquisitions

Published 2017-02-27, 10:14 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
GASI
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DB1Gn
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TELIA
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STAGn
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PV
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AAPL
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LSEG
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ISP
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NG
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PVTB
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HPCL
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ONGC
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BRKa
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CM
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BVTJ
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9984
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BLUJ
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(Adds Berkshire Hathaway (NYSE:BRKa), Telia Company, F.N.B. Corp, Cell C and CIBC ; updates LSE)

Feb 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1515 GMT on Monday:

** The London Stock Exchange LSE.L has all but ended a planned merger with Deutsche Boerse DB1Gn.DE to create Europe's biggest stock exchange by ruling out a European antitrust demand, saying it has strong prospects alone. Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc BRKa.N , told CNBC on Monday that his conglomerate had purchased about 120 million shares of Apple Inc AAPL.O in 2017 and that U.S. stocks were not in "bubble territory." Norway's competition authority on Monday said it may block Nordic telecom operator Telia Company's TELIA.ST planned 2.3 billion Norwegian crowns ($276 million) acquisition of Phonero due to competition concerns in the business segment. U.S. regional lender F.N.B. Corp FNB.N said on Monday it had received all required regulatory clearances for its proposed acquisition of Yadkin Financial Corp YDKN.N . South Africa's Cell C and its creditors have agreed a deal with Blue Label Telecoms BLUJ.J and an unnamed investor that would lower the mobile phone firm's debt to 6 billion rand ($463 million), Blue Label said in a statement. Canadian Imperial Bank of Commerce's CM.TO insistence on keeping its discipline while assessing whether to increase its $2.9 billion bid for Chicago-based PrivateBancorp PVTB.O leaves the bank's U.S. expansion plans in the balance. South African trading, services and distribution firm Bidvest BVTJ.J has access to $1 billion for acquisitions, its chief executive said on Monday. German pump maker Pfeiffer Vacuum's PV.DE management and supervisory boards told shareholders to reject a takeover offer from rival Busch as too low. Shares in Assicurazioni Generali GASI.MI fell sharply at open on Monday after bank Intesa Sanpaolo ISP.MI said late on Friday it had decided not to pursue a possible tie-up with Italy's biggest insurer. India's state-run Oil and Natural Gas Corp ONGC.NS will take control of Hindustan Petroleum Corp HPCL.NS as part of the government's plan to create an integrated public sector oil entity, the Economic Times daily reported on Monday citing top government officials. Japan's SoftBank Group Corp 9984.T is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over $3 billion, CNBC reported, as it expands its reach beyond tech and telecoms. German generic drugmaker Stada Arzneimittel STAGn.DE is opening its books to potential acquirers after coming under pressure from its largest shareholder to consider various takeover approaches.

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