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Deals of the day- Mergers and acquisitions

Published 2015-12-14, 10:20 a/m
Updated 2015-12-14, 10:30 a/m
© Reuters.  Deals of the day- Mergers and acquisitions

(Adds Jarden Corp, Norfolk Southern , Areva , Advanced
Semiconductor Engineering, Tenaga Nasional, Tech Mahindra ,
Almarai)
Dec 14 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1500 GMT on Monday:

** Newell Rubbermaid Inc (N:NWL) NWL.N , the maker of Sharpie
markers and Parker pens, agreed to buy diversified consumer
products company Jarden Corp JAH.N for $13.22 billion, adding
brands such as Sunbeam kitchen appliances and Coleman outdoor
gear.

** Royal Dutch Shell Plc RDSa.L cleared the final
regulatory hurdle for its takeover of BG Group Plc BG.L after
receiving the green light from China on Monday, leaving the deal
on track for completion by early 2016 following shareholder
votes.

** Deutsche Wohnen AG DWNG.DE , Germany's second largest
real estate group, urged shareholders not to accept a hostile
takeover bid from larger rival Vonovia SE VNAn.DE , saying the
offer's structure and value was "inadequate".

** AstraZeneca Plc AZN.L said it was in talks that might
lead to the acquisition of privately held biotech firm Acerta
Pharma, a potential $5 billion-plus deal designed to build up
its cancer drug portfolio.

** U.S. railroad operator Norfolk Southern Corp (N:NSC) NSC.N
formally rejected a revised offer from Canadian Pacific Railway
Ltd CP.TO , saying it was worth less than CP's earlier
proposal.

** Disagreements over valuation and charges related to a
Finnish reactor project are likely to delay French utility EDF's
EDF.PA acquisition of Areva's AREVA.PA nuclear reactor
business until next year, sources familiar with the situation
told Reuters.

** The Australian government said it had hired investment
bank Macquarie Group Ltd MQG.AX to help decide the future
ownership of an interstate rail network valued at A$3.6 billion
($2.6 billion), advancing its plan to raise cash by selling
infrastructure.

** Greece's leftist government signed its first big
privatization deal with German airport operator Fraport
Frankfurt Airport Services Worldwide AG FRAG.DE , awarding it a
1.2 billion euro contract to lease and manage 14 regional
airports.

** Chinese solar panel maker Trina Solar Ltd TSL.N said it
received a preliminary proposal from its chief executive and
Shanghai Xingsheng Equity Investment & Management Co to take the
company private. [nL3N1433FS

** RPC Group Plc RPC.L said it would buy French bottle-top
maker Global Closure Systems (GCS Group) for an enterprise value
of 650 million euros ($712 million) to strengthen its position
in Europe's plastic packaging market.

** Alibaba (N:BABA) Group Holding Ltd BABA.N has agreed on a $266
million deal to acquire the South China Morning Post and other
media assets of SCMP Group Ltd 0583.HK , a deal that has raised
a question over the outlook for its editorial independence.


** Norway's Sparebanken Hedmark SPBNK.UL said it has
raised its stake in Bank 1 Oslo Akershus SOGASB.UL to 100
percent from 40.5 percent, creating the country's fourth-largest
savings bank ahead of a planned stock market listing next year.
It total, Hedmark paid 1.9 billion crowns ($219.04 million),
almost all in the form of stocks.

** Israeli flavor and fine ingredients maker Frutarom
Industries Ltd FRUT.TA has agreed to buy Austrian savory
flavor maker Wiberg for 119 million euros ($130 million), it
said on Monday, its largest acquisition ever.

** Saudi Arabian dairy firm Almarai 2280.SE is interested
in buying a majority stake in National Food Products Company
(NFPC), four sources familiar with the matter told Reuters.


** Saudi Telecom Co SJSC 7010.SE will offer 1 dinar
($3.30) per share to buy out other shareholders in its Kuwaiti
affiliate Viva VIVA.KW , the former monopoly said on Monday in
what amounts to a 9 percent discount on Viva's last closing
price.

** Italian business family Del Vecchio has bought the 13
percent stake in Luxembourg flag carrier Luxair the country's
government had put up for sale earlier this year.

** China National Petroleum Corp CNPET.UL has signed a
strategic cooperation agreement with Abu Dhabi's Mubadala
Petroleum, the Chinese state-run oil giant said on Monday.


** Brazilian paper and pulp maker Suzano Papel e Celulose SA
SUZB5.SA is considering buying a minority stake in rival
producer Fibria Celulose SA FIBR3.SA , Suzano chief executive
Walter Schalka told newspaper O Estado de S. Paulo.

** South Africa's Tiger Brands Ltd TBSJ.J said it would
sell its 65.7 percent stake in its loss making Nigerian division
to Dangote Industries Ltd for $1.

** Buyout firm Apollo Global Management LLC APO.N is in
the lead to acquire U.S. government services provider PAE in a
deal that could value it at close to $900 million, including
debt, people familiar with the matter said on Friday.


** Specialty drug maker Horizon Pharma Plc HZNP.O said on
Friday it has agreed to buy Crealta Holdings for $510 million in
cash, adding the only U.S.-approved treatment for a type of
arthritis to its portfolio.

** Taiwan's Advanced Semiconductor Engineering Inc 2311.TW
said on Monday it will increase its stake in rival Siliconware
Precision Industries Co Ltd 2325.TW to make it a wholly owned
unit in a bid to deflect a Chinese rival's plan to buy into the
company.

** Japanese tire maker Bridgestone Corp 5108.T on Friday
raised its offer for U.S. auto parts retailer Pep Boys - Manny,
Moe & Jack PBY.N by 50 cents a share to $15.50 per share.


** Warren Buffett has cut his stake in German reinsurer
Munich Re MUVGn.DE again, after warning earlier this year that
prospects for the reinsurance industry had turned gloomier.


** Malaysia's state electricity utility, Tenaga Nasional Bhd
TENA.KL has bought a 30 percent stake in Turkey's GAMA Enerji
A.S. for $243 million to expand overseas, it said on Monday.


** Tech Mahindra TEML.NS , the IT services arm of India's
Mahindra & Mahindra Ltd MAHM.NS , has agreed to buy Italian car
designer Pininfarina PNNI.MI , television channel CNBC TV18
reported on Monday, without saying where it got the information
from.

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