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Deals of the day- Mergers and acquisitions

Published 2016-08-08, 09:32 a/m
© Reuters.  Deals of the day- Mergers and acquisitions
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(Adds Wal-Mart, Invepar, TIAA and others)

Aug 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** China has extended its review of Marriott International Inc's MAR.O acquisition of Starwood Hotels & Resorts Worldwide (NYSE:HOT) Inc HOT.N by up to 60 days, the companies said. Wal-Mart Stores Inc (NYSE:WMT) WMT.N said it would buy online retailer Jet.com for about $3 billion in cash, a deal that would help it better compete with Amazon.com AMZN.O and other online retailers. Vail Resorts Inc MTN.N said it would buy Whistler Blackcomb Holdings Inc WB.TO , the operator of the Canadian ski resort that was a venue for the 2010 Olympic Winter Games, for about C$1.39 billion ($1.06 billion). PCP Capital Partners, the investment vehicle of dealmaker Amanda Staveley, is looking at acquiring a strategic stake in a Greek bank and using it as a platform to invest up to $2 billion in non-performing loans in the sector, Staveley said. Financial services firm TIAA said it would buy U.S. online lender EverBank Financial Corp EVER.N for about $2.5 billion to expand its banking services. Brazil's infrastructure company Invepar has agreed to sell two subsidiaries in Peru to France's construction and engineering conglomerate Vinci SA SGEF.PA for 4.55 billion reais ($1.43 billion), the company said in a securities filing on Monday. Germany's Economy Ministry said it was taking legal action against a court's decision to block government-approved plans by the supermarket group Edeka to buy its rival Kaiser's, owned by retail group Tengelmann. Property developer China Evergrande Group 3333.HK raised its stake in goods trading company Langfang Development Co Ltd 600149.SS to 15 percent, the latest move in its equity purchase spree. Anbang Insurance Group Co ANBANG.UL is not considering an offer for InterContinental Hotels Group Plc IHG.L , Chris Winans, a representative for the Chinese company said on Sunday, rejecting a media report that a takeover bid was in the works. South African retailer Steinhoff International Holdings NV SNHG.DE will buy Mattress Firm Holding Corp MFRM.O , the largest specialty bedding retailer in the United States, for $3.8 billion including debt, both companies said on Sunday. Nissan Motor Co 7201.T is in talks with Panasonic Corp 6752.T and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said.

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