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Deals of the day-Mergers and acquisitions

Published 2016-12-23, 09:48 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Felda, Advent International, Clessidra, Savanna Energy Services)

Dec 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1445 GMT on Friday:

** Malaysia's state-owned Federal Land Development Authority (Felda) has agreed to buy a 37 percent stake in Rajawali Group's PT Eagle High Plantations Tbk BWPT.JK , one of Indonesia's largest palm oil companies, for $505.4 million. Advent International Corp and its FSG Brazilian education company purchased Brazil's Faculdade Cesuca university in Rio Grande do Sul state for an undisclosed price, the U.S. private equity firm said in a statement. Italian private equity firm Clessidra said it agreed to sell an 85 percent stake in high-end jeweler Buccellati to Chinese conglomerate Gangtai Group. Savanna Energy Services Corp SVY.TO said its board unanimously rejected an unsolicited buyout offer from fellow oilfield services provider Total Energy Services Inc TOT.TO as it "significantly" undervalued the shares of the company. Prestige Brands Holdings Inc PBH.N , which distributes household and cleaning products in the United States and Canada, said it would buy women's healthcare products maker C.B. Fleet Co for $825 million in cash from private equity firm Gryphon Investors. Russian mobile operator Megafon MFON.MM has agreed to pay $740 million to buy a controlling stake in internet group Mail.ru MAILRq.L from billionaire Alisher Usmanov, who is an investor in both companies. Australia's Tatts Group TTS.AX rejected a takeover bid worth up to A$7.3 billion ($5.27 billion) from a consortium backed by KKR KKR.N and Macquarie Group MQG.AX , saying it preferred an earlier offer from Tabcorp Holdings Ltd TAH.AX . Dutch insurer Delta Lloyd DLL.AS has reached agreement to be taken over by bigger rival NN Group NN.AS , the two companies announced on Friday, after NN nudged up its earlier unsolicited offer by 1.9 percent to 2.5 billion euros ($2.61 billion). Belgium's Ontex Group NV ONTEX.BR said it had entered into an agreement to acquire the personal hygiene business of Brazil's Hypermarcas SA HYPE3.SA for an enterprise value of 1 billion reais ($304.28 million). China's HNA Tourism Group late on Thursday announced a mandatory takeover bid for Rezidor Hotel Group REZT.ST , offering 34.86 Swedish crowns ($3.78) per share for the company. Philippine property to banking conglomerate Ayala Corp AC.PS said two groups of companies in which its energy unit has stakes will acquire Chevron's CVX.N geothermal assets in Indonesia and the Philippines, earlier valued at $3 billion.

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