May 11 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1020 GMT on Wednesday:
** EU antitrust regulators blocked CK Hutchison Holdings
Ltd's 0001.HK planned 10.3 billion-pound ($14.9 billion)
acquisition of O2 from Spain's Telefonica SA TEF.MC , saying
the deal would have led to higher mobile phone prices in
Britain. No. 1 office supply chain Staples Inc SPLS.O and
smaller rival Office Depot Inc ODP.O said on Tuesday they
would terminate their planned merger after a U.S. federal judge
ordered the deal temporarily halted because of antitrust
concerns. Canada's InnVest Real Estate Investment Trust INN_u.TO
said it has entered into an agreement to be bought by Bluesky
Hotels and Resorts Inc. The transaction values InnVest at $2.1
billion, including debt, the company said on Tuesday.
The owners of AR Packaging are working on a sale that
could value the Swedish business at more than 500 million euros
($569 million), two sources familiar with the matter said.
French utility Engie SA ENGIE.PA is looking to offload
its oil and gas assets in Indonesia and Malaysia as a package in
a sale process being run by Bank of America Merrill Lynch (NYSE:BAC),
according to a document seen by Reuters. Engie is looking to
raise up to $500 million from the sale, several banking sources
close to the process said. Australian oil and gas company AWE Ltd AWE.AX said it
had rejected a A$421 million ($311 million) takeover approach
from U.S.-based private equity fund Lone Star, calling the offer
too cheap. European tourism group TUI TUIT.L said it planned to
sell its specialist group of adventure and education holiday
brands, leaving it to focus on its main revenue-generating
tourism business after it sold Hotelbeds last month.
Media group APN News & Media Ltd APN.AX announced plans
to spin off its New Zealand business and merge it with the local
business of Australia's Fairfax Media Ltd FXJ.AX . Turkey will attempt to sell Islamic lender Bank Asya
Katilim Bankasi AS ASYAB.IS , seized by regulators last year,
by May 29 or will liquidate it, the head of a banking regulatory
body said. The owner of Ultimate Fighting Championship (UFC) is
exploring a sale of the promotion company that popularized cage
fighting, according to an ESPN report that UFC's president later
denied on Tuesday. ESPN earlier reported that UFC's parent
company, Zuffa LLC ZUFFA.UL , had hired an investment bank to
advise it on a sale that could value the company at $3.5 billion
to $4 billion.
($1 = A$1.35)
($1 = 0.88 euros)