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Deals of the day: Mergers and acquisitions

Published 2019-11-08, 04:00 p/m
Updated 2019-11-08, 04:11 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Nov 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum (NYSE:OXY) Corp's OXY.N board over its $38-billion acquisition of Anadarko Petroleum (NYSE:APC), cut his holdings in the oil and gas producer by nearly a third, according to an open letter to shareholders released.

British nursery retailer Mamas & Papas Retail was sold to private equity firm Bluegem Capital Partners, administrator Deloitte said on Friday, leading to the shutdown of six loss-making stores and 73 job losses.

Canadian Imperial Bank of Commerce ( CIBC ) CM.TO said it had agreed to sell a significant portion of its majority stake in CIBC FirstCaribbean to GNB Financial Group for $797 million.

British budget airlines easyJet EZJ.L and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively.

Sydney-listed investment fund Zeta Resources Ltd ZER.AX said it did not intend to accept nickel miner Independence Group NL's (IGO) IGO.AX A$312 million ($214.6 million) takeover bid for Panoramic Resources Ltd PAN.AX.

French supermarket retailer Carrefour CARR.PA is in talks to sell its Rue du Commerce online shopping site to French e-commerce venture Shopinvest, as it refocuses its online sales strategy on food rather than electronics.

Acerinox will acquire Germany-based alloy firm VDM Metals after concluding a purchase deal worth 532 million euros ($587.6 million) with Lindsay Goldberg Vogel and Falcon Metals BV, the Spanish steel company announced.

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South Africa's Tiger Brands TBSJ.J is exploring the sale of its processed meats business, which was temporarily closed last year following the world's largest ever listeria outbreak, it said.

Investment bank Moelis Australia MOE.AX , backed by Singapore's SPH REIT SPHR.SI , has agreed to buy a 50% stake in an Australian shopping centre for A$670 million ($462.23 million), boosting its funds under management to around A$4.7 billion.

Norway's Equinor EQNR.OL agreed to sell its shale assets at the Eagle Ford shale formation in southwest Texas to Repsol REP.MC for $325 million, the Norwegian oil and gas firm said on Thursday.

General Motors Co (NYSE:GM) GM.N confirmed on Thursday it had sold its shuttered Lordstown Assembly plant in Ohio to a start-up that has an ambitious plan to begin building electric pickup trucks by the end of 2020.

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