Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Deals of the day - Mergers and acquisitions

Published 2016-11-11, 04:15 p/m
© Reuters.  Deals of the day - Mergers and acquisitions

(Updates Unicredit (MI:CRDI), Adds Gold Fields Ltd , Dish TV India, Santander (MC:SAN), Argor-Heraeus, Ratos)

Nov 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Indian satellite TV operator Dish TV India Ltd DSTV.NS said on Friday it planned to merge with rival Videocon d2h Ltd VDTH.O to create a new company with net subscribers of 27.6 million, strengthening its lead in India's fast-growing direct-to-home (DTH) operator market. Buyout firms have approached Santander Asset Management SASS.SN and Intesa Sanpaolo ISP.MI over a possible takeover of the Allfunds Bank mutual fund platform, sources told Reuters. South Africa's Gold Fields Ltd GFIJ.J and Silver Standard Resources Inc SSO.TO have made three joint, unsolicited bids for Canada's Kirkland Lake Gold KLG.TO and recently sweetened their offer to about C$1.4 billion ($1 billion), three sources familiar with the process said. Swiss precious metals refiner Argor-Heraeus ARGOR.UNL has been put up for sale, sources close to the matter told Reuters, with the potential for bids to push as high as $490 million. Swedish private-equity firm Ratos RATOb.ST said it was selling its subsidiary Mobile Climate Control (MCC) to industrial group VBG VBGb.ST in a 1.8 billion crown ($199 million) deal. Dutch postal company PostNL PTNL.AS rejected Belgian rival Bpost's BPOST.BR 2.4 billion-euro offer on Friday as not being of "sufficiently compelling value", saying it was confident it could thrive as a standalone company. Italian bank UniCredit has received four binding offers for its asset manager Pioneer, valuing the business at more than 3 billion euros ($3.25 billion), two sources close to the matter said. South Korea's Samsung (KS:005930) Life Insurance Co Ltd 032830.KS said on Friday it would buy 290 billion won ($249 million) worth of shares in Samsung Securities Co Ltd 016360.KS , boosting its stake and injecting capital in the brokerage affiliate. Platinum mining company Lonmin Plc LMI.L said it would buy Anglo American (LON:AAL) Platinum Ltd's AMSJ.J stake of its joint venture on Pandora mine for a consideration of 400 million rand ($28 million).

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.