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 2016-08-10, 04:05 p/m
Updated 2016-08-10, 04:05 p/m
© Reuters.  Deals of the day- Mergers and acquisitions

(Adds U.S. Steel, EFG, and others; updates Entertainment One)

Aug 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Canada's Entertainment One ETO.L , the owner of children's TV character Peppa Pig, has rejected a 1 billion-pound ($1.3 billion) takeover offer from British broadcaster ITV ITV.L , saying it undervalued the production and distribution company. U.S. Steel Canada rejected a buyout offer from Ontario Steel Investments, a group that includes shareholders of Essar Global, saying it was not considering further proposals by Essar, which had been eliminated from the sale process. Swiss private bank EFG International EFGN.S now expects to pay 1.05 billion Swiss francs ($1.08 billion) to buy rival BSI from Grupo BTG Pactual SA BBTG11.SA , almost 300 million francs less than previously announced. Danish brewer Carlsberg (CO:CARLa) CARLb.CO said it had agreed to sell its 59 percent share of Carlsberg Malawi Ltd to Castel Group. Dutch-owned Abellio East Anglia has been awarded a renewed contract to run rail services in eastern England in one of the first such decisions made by Britain's new government. Buyout firm Clayton, Dubilier & Rice LLC is in advanced talks to acquire Drive DeVilbiss, one of the largest U.S. wheelchair manufacturers, for about $750 million, including the assumption of debt, according to people familiar with the matter. Casino and bingo hall operator Rank Group Plc RNK.L and online gambling company 888 Holdings Plc 888.L called on Wednesday for talks with the board of William Hill Plc WMH.L after their proposed joint bid was rejected by the British bookmaker. A week after China's two largest taxi-hailing firms announced plans for a $35 billion merger, lawyers say China's merger control watchdog is cracking down on companies that don't seek approval for deals, and it wants greater powers to punish them. ($1 = 0.76 pounds)

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.