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Deals of the day- Mergers and acquisitions

Published 2016-09-06, 11:01 a/m
Updated 2016-09-06, 11:10 a/m
© Reuters.  Deals of the day- Mergers and acquisitions

(Adds EOG, Banco BPI, Barclays and others)

Sept 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:

** Turkey's deputy prime minister said that companies linked to a group blamed for a failed coup posed a risk of up to 5 billion lira ($1.70 billion) to Turkish banks but that the state seizure of such firms had minimized the risks. EOG Resources Inc (NYSE:EOG) EOG.N said it would buy privately held Yates Petroleum Corp and some of its subsidiaries and other entities in a deal valued at $2.5 billion to boost its assets in the Permian and Powder River basins. Portugal's Banco BPI was forced to suspend a shareholders' meeting on lifting voting right limits for a second time due to legal injunctions, further frustrating Spain's Caixabank's takeover bid for the bank. The sale of British bank Barclays' BARC.L Egyptian business has attracted bids from the two largest banks in Morocco and the United Arab Emirates, two sources familiar with the matter said. Osram OSRn.DE plans to use some funds it had earmarked for an LED factory to make chips for iris-scanning technology instead, banking on demand from the makers of smartphones and virtual reality systems, a person familiar with the matter told Reuters. Finnish crane maker Konecranes KCR1V.HE is launching the sale of its German unit Stahl, which it has to divest to get regulatory clearance for the acquisition of the crane and container handling segment of U.S.-based Terex TEX.N , sources familiar with the matter said. Volkswagen VOWG_p.DE has agreed to supply engines to U.S. truck maker Navistar NAV.N in exchange for a 16.6 percent stake, an alliance forged in part by the need to meet stringent emissions regulations in the United States. MasterCard Inc MA.N said it had expanded its deal with payment processor PayPal Holdings Inc PYPL.O , which would allow customers to use PayPal's payment services in stores. Danaher Corp (NYSE:DHR) DHR.N said it would buy molecular diagnostics company Cepheid CPHD.O in a deal valued at $4 billion, including debt, to strengthen its diagnostics business. Enbridge Inc ENB.TO , Canada's largest pipeline company, said it would buy Spectra Energy Corp (NYSE:SE) SE.N in an all-stock deal valued at about C$37 billion ($28 billion) to create the largest North American energy infrastructure company. Chinese-owned Volvo Car Group and auto safety group Autoliv ALV.N said they would form a joint venture to develop autonomous driving software as automotive firms across the industry race to embrace the emerging technology. German pharmaceutical and crop chemicals manufacturer Bayer AG BAYGn.DE says talks with Monsanto (NYSE:MON) Co MON.N have advanced and it is now willing to offer more than $65 billion, a 2 percent increase on its previous offer for the world's largest seeds company. Avolon Holdings, part of China's acquisitive HNA Group is nearing a deal to buy the aircraft leasing assets of U.S. lender CIT Group CIT.N for between $3 billion and $4 billion, people familiar with the matter told Reuters. German healthcare group Fresenius FREG.DE is buying Spain's biggest private hospital chain Quironsalud for 5.8 billion euros ($6.4 bln), including assumed debt, in its biggest takeover ever. The chief executive of Abu Dhabi state fund Mubadala MUDEV.UL said he did not rule out more mergers and acquisitions in the emirate after the planned merger of his institution with another of Abu Dhabi's sovereign funds. ChemChina extended by almost two months the deadline for Syngenta SYNN.S investors to tender their shares as the Chinese company seeks to complete a $43 billion takeover of the Swiss pesticides and seeds group. General Electric (NYSE:GE) GE.N announced plans to buy two European 3D printing groups - Sweden's Arcam ARCM.ST and Germany's SLM Solutions AM3D.DE - for a total of $1.4 billion to tap into manufacturers' growing demand for digital technologies. Canada's Unifor union is set to announce a strike target on Tuesday in labor contract negotiations with General Motors Co (NYSE:GM) GM.N , Ford Motor (NYSE:F) Co F.N and Fiat Chrysler Automobiles FCHA.MI . Oman Telecommunications OTL.OM ( Omantel ) said it had received another non-binding offer for its shares in Pakistan's WorldCall Telecom Ltd WCTL.KA . Vietnamese airlines plan to order 40 Airbus AIR.PA jets in deals worth an estimated $6.5 billion, the European planemaker said, as they expand their fleets for a small but fast-growing market. Polish Treasury Minister Dawid Jackiewicz said he would support the attempts of state-run companies to buy UniCredit's CRDI.MI stake in Polish bank Pekao PEO.WA , calling it a "unique" opportunity. BCPG Pcl, the solar power unit of Thai oil refiner Bangchak Petroleum Pcl BCP.BK , could raise up to 5.9 billion Baht ($170 million) from an initial public offering this month, the company said. Takeaway.com, the Dutch-based online restaurant ordering and delivery service, said it would seek a listing on Amsterdam's Euronext stock exchange in the coming weeks. = 2.94 liras)

($1 = 0.89 euros)

($1 = 34.78 baht)

($1 = 8.55 Swedish crowns)

($1 = 0.98 Swiss francs)

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