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Deals of the day-Mergers and acquisitions

Published 2017-04-27, 06:34 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

April 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:

** John Fredriksen's Frontline FRO.OL is switching its legal battle for control of tanker operator DHT Holdings DHT.N from New York to the tiny Marshall Islands after making a fifth offer for the company this week. German chemicals giant BASF BASFn.DE said it would continue to push for acquisitions to shore up its crop protection business, after the antitrust-related sale of assets from the merger of Dow Chemical (NYSE:DOW) DOW.N and DuPont (NYSE:DD) DD.N left it empty-handed. Italian railways group Ferrovie dello Stato has not been contacted about taking a stake in loss-making airline Alitalia and at the moment has no interest in riding to its rescue, a spokesman for the state-owned company said. Lufthansa LHAG.DE said it was not interested in buying Italian rival Alitalia, whose future is unclear after workers this week ruled out a rescue plan. Intesa Sanpaolo ISP.MI does not have a plan B for loss-making Italian carrier Alitalia and it is not the lender's business to manage airlines, its chief executive Carlo Messina said. Acquisition talks between Beijing Xinwei Technology Group 600485.SS and Israeli satellite operator Space Communications SCC.TA remain frozen, a senior Spacecom official was quoted as saying. Israeli real estate developer Gazit-Globe GZT.TA said its wholly owned subsidiary Gazit Brasil bought the remaining 30 percent stake it didn't own in the Extra Itaim property in Sao Paulo for 94 million reais ($30 million). Swedish investment firm Kinnevik KINVb.ST said it had bought an 18.5 percent stake in Swedish cable-tv firm Com Hem COMH.ST as it presented its first-quarter report. Cenovus Energy Inc CVE.TO CVE.N won about 87 percent of shareholders' votes for its board of director slate on Wednesday, below previous near-unanimous approvals, as some voters protested the company's C$17 billion ($12.6 billion) purchase of ConocoPhillips (NYSE:COP) COP.N assets. Mexican telecoms company America Movil AMXL.MX has submitted its proposal for separating a part of its fixed-line unit Telmex from the rest of the company, and expects approval in coming months, a company executive said Wednesday. Clariant AG CLN.S is still scanning for small- or mid-sized acquisitions but is not dependent on takeovers to meet its mid-term targets for boosting profitability and return on capital, Chief Financial Officer Patrick Jany said.

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