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

Deals of the day- Mergers and acquisitions

Published 2015-12-24, 05:33 a/m
© Reuters.  Deals of the day- Mergers and acquisitions

Dec 24 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1000 GMT on Thursday:

** Pep Boys - Manny Moe & Jack PBY.N said investor Carl
Icahn was willing to pay as much as $1 billion for the U.S. auto
parts retailer to keep rival bidder Japanese tire maker
Bridgestone Corp 5108.T at bay.

** State-run Korea Development Bank said it has chosen
brokerage Mirae Asset Securities Co Ltd 037620.KS and its
affiliate as the preferred bidder for a controlling stake in its
unit, Daewoo Securities 006800.KS .

** BNP Paribas BNPP.PA said on Wednesday it is considering
"strategic alternatives" for its U.S. unit First Hawaiian Bank
which could help France's biggest listed bank reach regulatory
capital requirements by mid-2017.

** PostNL PTNL.AS of the Netherlands said it is unaware of
takeover talks with Britain's Royal Mail RMG.L , after a media
report speculated discussions were underway, driving up the
Dutch mail company's shares.

** Mitsubishi Electric 6503.T said on Thursday it has
completed a deal to acquire 74.97 percent of the share capital
of Italian air conditioning company DeLclima DLCL.MI following
an agreement in August.

** Nexstar Broadcasting Group NXST.O is in talks to buy
Media General MEG.N for around $17.50 per share in a more than
$2 billion deal that would create the second largest U.S. local
television broadcaster, according to two sources familiar with
the situation.

** India's Reliance Infrastructure Ltd RLIN.NS is in
advanced talks to sell its cement business for 26 billion rupees
($394 million) and a deal could be announced as soon as this
week, said a source with direct knowledge of the matter.

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


** China Vanke Co 000002.SZ 2202.HK hailed on Thursday a
decision by privately owned Anbang Insurance Group to buy a
stake, days after it dismissed as unwelcome a similar investment
by Baoneng Group that made the insurance and property
conglomerate its biggest shareholder.

** Saudi Arabia's Kingdom Holding 4280.SE , the investment
firm of billionaire Prince Alwaleed bin Talal, said on Thursday
it had led a group of investors which bought 5.3 percent of U.S.
ride-hailing firm Lyft Inc for $247.7 million.

** Mexico's ICA has sold its stake in an environmental waste
firm for around 1.2 billion pesos ($69.69 million), two people
close to the negotiations said, as the embattled construction
company scrambles for cash after declaring it would default.


** Baring Private Equity Asia said it was looking to offer
S$450 million ($320 million) to buy Singapore listed Interplex
Holdings INTP.SI , majority owned by CVC Capital Partners and
the private equity arm of Standard Chartered STAN.L .


** U.S. railroad operator Norfolk Southern Corp (N:NSC) NSC.N
rejected Canadian Pacific Railway Ltd's CP.TO revised bid,
reiterating that it was "grossly inadequate" and created
"substantial regulatory risks and uncertainties".

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.