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Deals of the day-Mergers and acquisitions

Published 2019-07-29, 09:09 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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(Updates Mackay Sugar, KappAhl, Takeaway.com, Pfizer , London Stock Exchange , Exact Sciences)

July 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1300 GMT on Monday:

** London Stock Exchange LSE.L shares rose more than 14% to a record high after it said it was in talks to buy financial data firm Refinitiv, in a deal worth $27 billion including debt. Pfizer Inc (NYSE:PFE) PFE.N will separate its off-patent drugs business and merge it with Mylan MYL.O , the two companies confirmed, bringing blockbuster treatments Viagra, EpiPen and Lipitor under one umbrella. Amsterdam-based Takeaway.com TKWY.AS has agreed to buy Just Eat JE.L in an 8.2 billion pound ($10.1 billion) deal to create one of the world's largest online food delivery firms, as rivals race to rule the $100 billion market. Cancer diagnostics company Exact Sciences Corp EXAS.O said it will buy healthcare company Genomic Health Inc GHDX.O for about $2.8 billion to bolster its cancer testing business. Investment firm Mellby Gard, the biggest shareholder in Swedish fashion group KappAhl KAHL.ST , made an offer to buy the rest of the retailer whose profits are under pressure from tough competition in a rapidly changing market. Farmers who own shares in Australia's Mackay Sugar have voted to accept a takeover offer from Germany's Nordzucker, helping secure the company's future against a backdrop of depressed world sugar prices. Qatar Petroleum QATPE.UL (QP) said it had agreed a deal with Total TOTF.PA to acquire a stake in the French energy giant's two oil and gas blocks offshore Guyana. AXA Investment Managers AXAF.PA has agreed to buy two Paris shopping and leisure centres for 676 million euros ($752 million) from Hammerson HMSO.L and Eurocommercial Properties SIPFc.AS , adding potentially lucrative retail assets to AXA's portfolio. Liontrust Asset Management Plc LIO.L confirmed it was in discussions for a possible acquisition of Neptune Investment Management Ltd. Australia's competition regulator opened consultation on a proposed undertaking by Canada's Nutrien NTR.TO to sell three of its regional stores to address concerns over its takeover bid of rural services firm Ruralco RHL.AX . China's Bank of Jinzhou 0416.HK won government-backed reinforcement on Sunday as three state-controlled financial institutions said they would take at least 17.3% in the troubled lender, whose shares have been suspended since April. Holding company Elco Ltd ELCO.TA said on Sunday it agreed to buy Granite Hacarmel Investments from Israeli real estate developer Azrieli Group AZRG.TA for 1.02 billion shekels ($290 million).

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