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Deals of the day- Mergers and acquisitions

Published 2016-09-08, 04:00 p/m
© Reuters.  Deals of the day- Mergers and acquisitions

(Updates Alphabet, adds TBC)

Sept 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Alphabet Inc's GOOGL.O Google said it would acquire software developer Apigee Corp APIC.O in a deal valued at about $625 million to strengthen its cloud business. TBC Bank Group Plc TBCG.L , Georgia's largest retail bank, confirmed it was in talks to buy JSC Bank Republic, a unit of French bank Societe Generale SOGN.PA . Drugstore chain Walgreens Boots Alliance Inc WBA.O said it would likely have to divest between 500 and 1000 stores, more than its previous estimate, to win regulatory approval for its planned acquisition of Rite Aid Corp RAD.N . Taiwan's Foxconn Technology Co Ltd 2354.TW has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, the world's largest electronics manufacturer said in a deal that could value the start-up at about $33.3 billion. Hewlett-Packard Enterprise Co HPE.N agreed to sell its software business to Micro Focus International Plc MCRO.L in a $8.8 billion deal that shrinks the Silicon Valley pioneer again while catapulting the little-known British firm into the top tier of European tech companies. Intel Corp INTC.O said it would spin out its cyber security division, formerly known as McAfee, and sell a majority stake in it to investment firm TPG for $3.1 billion in cash. Liberty Media LMCA.O agreed to take control of motorsport company Formula One in a deal that has an enterprise value of $8 billion. The company said it was acquiring an initial 18.7 percent stake from controlling shareholder CVC Capital Partners. Russian fertiliser maker Acron PAO AKRN.MM is in talks with Poland's treasury ministry on selling its stake in the country's biggest chemicals group, state-run Grupa Azoty SA ATTP.WA , two sources familiar with the situation said. Banco Santander (MC:SAN) Brasil SA SANB11.SA and Itaú Unibanco Holding SA ITUB4.SA are the final two bidders to buy the Brazilian retail banking unit of Citigroup Inc (NYSE:C) C.N , according to a report in Valor Economico. Glencore Plc GLEN.L and Australia's Origin Energy Ltd ORG.AX have put their hydropower business Energia Austral in Chile on the block, with Standard Chartered (LON:STAN) advising on the sale, two people familiar with the process said. Italian post office Poste Italiane SpA PST.MI , which derives the bulk of its revenue from the financial services, is looking at UniCredit's asset gatherer Pioneer, a source close to the matter said. Mexican fund Finaccess Capital SA DE CV raised its offer price for shares in Poland's Amrest Holdings SE EATP.WA in a public bid aimed at taking over the operator of Pizza Hut and Burger King outlets in eastern Europe, the brokerage arranging the transaction said. = 3.83 zlotys)

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