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Deals of the day-Mergers and acquisitions

Published 2019-12-02, 04:19 p/m
Updated 2019-12-02, 04:19 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Rheinmetall , Kanabo Research, Thyssenkrupp, Vertiv, Facebook, Femsa, Enel ; Updates Dedalus)

Dec 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Italy's biggest utility Enel ENEI.MI has joined a race with at least five other bidders to buy the Renvico wind farm portfolio in Italy and France being sold by a Macquarie-run infrastructure fund, three sources said. Mexico's Femsa KOFUBL.MX is in talks to acquire Brazilian drugstore chain DPSP, Brazilian financial blog Brazil Journal reported, citing people with knowledge of the matter. EU antitrust regulators are investigating how Facebook FB.O collects and monetizes its data, the European Commission said, opening a second front on top of an existing probe into the social media giant's online marketplace. A company led by former Honeywell International Inc (NYSE:HON) HON.N chief executive David Cote and backed by Goldman Sachs Group Inc (NYSE:GS) GS.N is in talks to acquire U.S. backup power equipment firm Vertiv for more than $5 billion, including debt, according to people familiar with the matter. Thyssenkrupp TKAG.DE needs to pour 1.5 billion euros ($1.7 billion) into its core steel business after years of underinvestment has left at a competitive disadvantage, the head of its works council. Kanabo Research has agreed to be bought by cash shell Spinnaker Opportunities SOP.L in what could lead to the first listing of a cannabis company on London's main stock market and help the Israeli firm raise cash for clinical trials and newer products. German defence group Rheinmetall RHMG.DE has rejoined the auction for Volkswagen's VOWG_p.DE transmissions maker Renk ZARG.F , as a mid-December deadline for the process approaches, people close to the matter said. Two Singapore-listed real estate investment trusts under the Frasers Property group FRPL.SI said they planned to merge to create an entity that will hold assets worth S$5.7 billion ($4.2 billion). Britain's competition watchdog said it was probing Google's GOOGL.O $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences. Health insurer Centene (NYSE:CNC) Corp CNC.N said it had entered an agreement to sell its Illinois unit to CVS Health Corp (NYSE:CVS) CVS.N , moving a step closer to closing its $15.27 billion deal to buy smaller rival WellCare Health Plans Inc WCG.N . Zijin Mining Group Co Ltd 601899.SS , one of China's biggest gold miners, has agreed to buy Canadian miner Continental Gold Inc CNL.TO for C$1.33 billion ($999.92 million), saying the purchase would increase its gold reserves and boost cash flow as well as profit. Medical supply company Baxter International Inc (NYSE:BAX) BAX.N said it had agreed to buy Sanofi's SASY.PA Seprafilm unit, which makes specialist surgical products, for $350 million in cash. Uganda said it had settled a tax dispute with international oil firms, clearing the way for Britain's Tullow Oil TLW.L to revive plans to sell a stake in its assets and allow the firms to move to a final decision on development. Astaldi AST.MI said it had started steps to sell its 33% stake in the third Bosphorus Bridge in Istanbul to Turkey's IC Ictas Sanayi ve Ticaret, a move aimed to help the Italian builder complete its rescue plan. Investors in Just Eat JE.L should back the all-share merger with Takeaway.com TKWY.AS unless rival bidder Prosus lifts its offer for the food delivery platform to 925 pence per share, one of its biggest shareholders said. TVFB, a company backed by former Stobart Group boss Andrew Tinkler, proposed to increase its funding commitment for Eddie Stobart Logistics Plc ESLE.L by 10 million pounds ($12.83 million), aiming to fight off a rival bid from the haulier's largest shareholder. Clinical healthcare software group Dedalus is in exclusive talks to buy part of Belgium-based Agfa-Gevaert's AGFB.BR healthcare information technology business for an enterprise value of 975 million euros ($1.07 billion), the companies said. Israel's Kanabo Research has agreed to be bought by cash shell Spinnaker Opportunities SOP.L , in what could lead to the first listing of a cannabis company on London's main stock market. Chinese conglomerate HNA Group HNAIRC.UL signed agreement to restructure its low cost carrier West Air with Chongqing-based asset management firm, it said.

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