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Deals of the day: Mergers and acquisitions

Published 2019-12-05, 04:00 p/m
Updated 2019-12-05, 04:17 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Dec 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** Rivulet Capital, a large investor in Instructure Inc INST.N said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried.

Mexican broadcaster Grupo Televisa TLEVISACPO.MX has won a federal injunction against Walt Disney (NYSE:DIS) Co's DIS.N acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said, a move that could at least temporarily stall the deal.

Brazilian wireless carrier TIM Participações SA TIMP3.SA will consider acquiring the mobile unit of its struggling rival OI SA OIBR4.SA if it is put up for sale, Chief Executive Pietro Labriola said.

German public sector bank Deka's supervisory board has decided to explore closer cooperation with peer Helaba, it said, in a first step towards a long-awaited consolidation of the country's fragmented public banking sector.

Poland's biggest oil refiner, state-run PKN Orlen PKN.WA , unexpectedly announced that it plans to take over state utility Energa ENGP.WA to strengthen its position in the electricity market.

Caltex Australia's CTX.AX top executives said they would work with a Canadian suitor for a higher takeover offer after rejecting its A$8.61 billion ($5.84 billion) bid for the petrol pump and convenience store operator.

EU antitrust regulators should block Boeing's BA.N $4.2 billion purchase of Embraer's EMBR3.SA commercial passenger jet division or demand hefty concessions, the head of Brazilian investor group Abradin said, calling it a killer acquisition.

The chief executive and top shareholder of puffer jacket maker Moncler MONC.MI played down speculation around a takeover by Gucci-owner Kering PRTP.PA , saying the two firms sometimes talked but that there was no deal in the works.

Endeavour Mining's EDV.TO top boss said the Canadian firm was reaching out to Centamin CEY.L shareholders to back its $1.9 billion merger plan, days after the British gold miner's board rejected the all-stock proposal.

Poland's biggest oil refiner, state-run PKN Orlen PKN.WA, said it plans to take over state utility Energa ENGP.WA.

Malaysia's Sime Darby SIME.KL plans to sell its palm oil concession in Liberia to a local manufacturer, a Liberian government minister said, following subpar financial results due largely to stricter environmental standards.

Metro B4B.DE is entering exclusive talks on the sale of its struggling Real hypermarkets unit to a consortium led by property investor X+Bricks, the German wholesaler, confirming a Reuters report.

Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin AML.L, Autocar magazine reported, sending the luxury sports car maker's battered shares up 17%.

Euronext ENX.PA has agreed to buy a controlling stake in Nordic-focused power market firm Nord Pool, boosting the European stock market operator's presence in the region after its takeover of the Oslo stock exchange earlier this year.

Finnish industrial crane maker Konecranes KCRA.HE has agreed to buy the outstanding 50% stake in its MHE-Demag joint venture in southeast Asia from partner Jebsen & Jessen for 147 million euros ($162 million), it said.

Australian nickel miner Panoramic Resources PAN.AX recommended its shareholders reject a takeover bid by larger peer Independence Group NL IGO.AX and announced its plan to raise capital, breaching an offer condition.

India's top gas importer Petronet LNG has been in talks with several companies including U.S.-based NextDecade LNG on deals for liquefied natural gas (LNG), said Vinod Kumar Mishra, Petronet's head of finance.

U.S. life insurer MetLife Inc (NYSE:MET) MET.N said it would acquire privately-held pet health insurance company PetFirst, in a bid to diversify its product offerings and capitalize on a growing market opportunity.

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