Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Deals of the day- Mergers and acquisitions

Published 2016-06-02, 04:28 p/m
Updated 2016-06-02, 04:30 p/m
© Reuters.  Deals of the day- Mergers and acquisitions

(Adds Seven & I Holdings, Kroton Educacional, Valeo , Key Safety
Systems, Naspers)
June 2 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:

** Johnson & Johnson (NYSE:JNJ) JNJ.N said it would acquire Vogue
International for $3.3 billion, adding brands such as OGX
shampoos and FX hair styling products to its consumer portfolio
that includes Neutrogena and Clean & Clear. U.S. data analytics firm Qlik Technologies Inc QLIK.O
agreed to sell itself to private equity firm Thoma Bravo LLC for
about $3 billion, the latest company to bow to pressure from
activist hedge fund Elliott Management Corp. Bank of Montreal BMO.TO said it would acquire Greene
Holcomb Fisher, a U.S.-based merger and acquisition advisory
firm, in a push to strengthen its investment banking business in
the United States, particularly in the Midwest. Paper company Mondi (LON:MNDI) Ltd MNDJ.J said it had signed a
deal to buy 90 percent shares in Turkey's Kalenobel for around
90 million euro ($101 million) as part of a plan to grow its
packaging business. Germany's Bilfinger GBFG.DE has agreed to sell its real
estate services unit to private equity group EQT for 1.2 billion
euros ($1.34 billion), leaving the former major German
construction group focused solely on industrial plant services.
Nissan Motor Co 7201.T will close the first bidding
round for its stake in auto parts supplier Calsonic Kansei Corp
7248.T by June 10 in a sale overseen by Bank of America (NYSE:BAC)
Merrill Lynch, sources involved in the process said.
Australian testing services provider ALS Ltd ALQ.AX
rejected an A$2.67 billion ($1.93 billion) takeover proposal
from private equity firms Advent International and Bain Capital,
saying its board felt the offer significantly undervalued the
company. Canada's Alimentation Couche-Tard Inc ATDb.TO and
Japan's Seven & I Holdings Co Ltd 3382.T have submitted
indicative offers to acquire U.S. convenience store retailer CST
Brands Inc CST.N , people familiar with the matter said.
Kroton Educacional SA, Latin America's biggest for-profit
education company, is preparing an unsolicited offer for smaller
rival Estácio Participações SA ESTC3.SA , setting the stage for
what may turn into the largest hostile takeover in one of
Brazil's fast-growing industries. VTB Bank VTBR.MM , Russia's second largest lender, "has
heard" about Russian tycoon Mikhail Prokhorov's interest in
selling a stake in Uralkali URKA.MM , the world's largest
potash producer, to a fertilizer maker Uralchem, the bank's head
said. Italy's Banco Popolare BAPO.MI is considering selling
shares in a planned 1 billion euro ($1.1 billion) rights issue
at a discount of around 30 percent, a source with knowledge of
the matter said. Slovenia will go ahead with the privatization of hygienic
tissue producer Paloma after Polish investment fund Abris
Capital canceled its takeover bid for the firm, state holding
company Slovenian Sovereign Holding said. U.S. agricultural trader Cargill Inc CARG.UL said on
Wednesday it has signed an agreement to acquire Five Star Custom
Foods Ltd, a Texas-based company specializing in cooked protein
products, soups and sauces for restaurants and food processors.
Dutch postal company PostNL PTNL.AS is not soliciting
buyers, Chief Executive Herna Verhagen said in a post on the
company's internal website. Indonesia's state-controlled telecoms operator PT
Telekomunikasi Indonesia (Telkom) TLKM.JK said it has ended an
agreement with Japanese private equity firm Advantage Partners
to buy a stake in Pacific island Guam's AP Teleguam Holdings
Inc. Hong Kong bank Dah Sing Financial Holdings Ltd 0440.HK
has agreed to sell its insurance business to China's Thaihot
Group Co Ltd 000732.SZ for $1.4 billion, a source directly
involved in the transaction told Reuters. French car parts supplier Valeo VLOF.PA said it would
buy German clutch manufacturer FTE Automotive for 819.3 million
euros ($913.68 million). Michigan-based air bag maker Key Safety Systems and new
Chinese parent Ningbo Joyson Electronic Corp 600699.SS are
discussing a potential investment in Takata Corp 7312.T with
the Japanese company's investment banker Lazard, Key Chief
Executive Jason Luo said. Media and e-commerce group Naspers NPNJn.J , the largest
listed company in Africa by market value, said it has invested
$60 million in U.S. education-technology firm Udemy.
($1 = 0.8967 euros)
($1 = 1.3847 Australian dollars)

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.