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Deals of the day: Mergers and acquisitions

Published 2019-12-13, 04:01 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Dec 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Saks Fifth Avenue owner Hudson's Bay Co HBC.TO has fallen short in securing enough shareholder support for a C$1.9 billion($1.4 billion) deal to take the department store operator private, people familiar with the matter said.

Shares of Power Financial Corp (PFC) PWF.TO rose nearly 10%, their biggest jump in more than a decade, after parent Power Corp of Canada (PCC) POW.TO agreed to buy the rest of the stake it does not currently own.

Japan's Hoya Corp 7741.T said it would make a $1.4 billion counter-bid for NuFlare Technology Inc 6256.T in what could become a hostile offer for the Toshiba Corp 6502.T unit, which the electronics conglomerate plans to buy out.

GIC, Singapore's sovereign wealth fund, said it had signed a deal to buy a logistics real estate portfolio from funds managed by private-equity firm Apollo Global Management's APO.N affiliates for about 950 million euros ($1 billion).

Germany's Delivery Hero DHER.DE agreed a $4 billion deal to buy South Korea's top food delivery app owner Woowa Brothers, ratcheting up consolidation in the industry as it expands in Asia's fast-growing but crowded market.

Telecoms and cable group Altice Europe ATCA.AS said on Friday it would sell a 50% stake in its Portuguese fibre network to Morgan Stanley (NYSE:MS) Infrastructure Partners MS.N for 2.3 billion euros ($2.5 billion) to help pay down its debt.

Brazilian state development bank BNDES has informed Petrobras that it is considering selling up to all of the ordinary shares it holds in the state-run oil firm via a secondary offering, according to a securities filing. = 0.9073 euros)

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