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Deals of the day- Mergers and acquisitions

Published 2015-11-12, 04:00 p/m
Updated 2015-11-12, 04:00 p/m
© Reuters.  Deals of the day- Mergers and acquisitions

(Adds Xchanging , NCR Corp, Barrick Gold, Perrigo, Beltone
Financial, Pininfarina, IAG, Warburg Pincus)
Nov 12 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Thursday:

** Barry Diller's IAC/InterActiveCorp IACI.O made an
unsolicited bid to buy Angie's List Inc ANGI.O for about $512
million in cash, nearly a month after an activist investor urged
the reviews website operator to explore strategic alternatives.

** Italian builder Salini Impregilo SALI.MI said it had
agreed to buy family-owned U.S. construction group Lane
Industries in a transaction valued at around $406 million, net
of adjustments to be defined at closing.

** Outsourcing company Xchanging Plc XCH.L , which has
already accepted a takeover offer from Capita Plc CPI.L , has
received a proposal from U.S.-based Computer Sciences Corp (N:CSC)
CSC.N that values the company at about 421 million pounds
($640 million).

** NCR Corp NCR.N , one of the world's biggest makers of
automated teller machines, said that private equity firm
Blackstone (N:BX) Group LP BX.N would invest $820 million in the
company to receive a 17 percent stake.

** Barrick Gold Corp ABX.TO said it will sell its stake in
four non-core assets in Nevada for $720 million, putting the
Canadian mining firmly on track to meet its 2015 debt-reduction
target amid a multi-year slump in gold prices.

** Perrigo Company Plc PRGO.N , the Irish-based generic
drugmaker trying to fend off a hostile bid by Mylan NV MYL.O ,
held unsuccessful talks to acquire Endo International Plc
ENDP.O in an all-stock deal, according to people familiar with
the matter.

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** Italian car designer Pininfarina PNNI.MI said it
expects to reach a deal to be acquired by Indian automaker
Mahindra and Mahindra MAHM.NS in the next few weeks.

** Shareholders in Beltone Financial BTFH.CA have agreed
to sell 97.3 percent of shares in the financial services company
to Orascom Telecom Media and Technology OTMT.CA and investment
bank Act Financial, a source familiar with the matter told
Reuters.

** British Airways-owner IAG ICAG.L is not in talks with
Finnair FIA1S.HE , it said, denying a report in a Finnish
newspaper that had fuelled speculation it might take a stake in
the Finnish airline.

** U.S. private equity firm Warburg Pincus WP.UL is
looking to bid for Deutsche Telekom's DTEGn.DE T-Mobile
Netherlands division, exploiting the industry experience of two
of its senior partners, three sources familiar with the matter
said.

** Japan's Idemitsu Kosan Co 5019.T agreed on Wednesday to
take over smaller refiner Showa Shell (L:RDSa) Sekiyu 5002.T in a deal
worth about $4 billion that will create Japan's second-biggest
refiner by capacity.

** Austria's AMS AMS.S is not sitting still after a
previous merger fell apart in the early days of what is now an
industry- wide consolidation trend that has gripped many bigger
players, the company's chief financial officer said on
Wednesday.

** State-owned Postal Savings Bank of China (PSBC) is
expected to soon close the sale of a 15 percent stake mainly to
foreign investors ahead of a planned up to $20 billion IPO in
Hong Kong in 2016, people with knowledge of the matter said.

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** Brazilian drugstore chain Brasil Pharma SA BPHA3.SA has
sold a money-losing subsidiary to a local investment firm for 44
million reais ($12 million), in an effort to return to
profitability and cut debt.

** A Hong Kong-based unit of China's Jinchuan Group is
hunting globally for quality copper and nickel assets,
leveraging its access to capital at a time when Western rivals
are finding it hard to secure finance, its chief executive said.

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