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Deals of the day: Mergers and acquisitions

Published 2019-12-23, 04:39 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Dec 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Monday:

Fantasy sports and gambling company DraftKings will be taken public by an entity founded by Hollywood executives Jeff Sagansky and Harry Sloan in a deal valuing the company at $3.3 billion, the firm said.

Brookefield Infrastructure Partners LP BIP.N will buy telecommunications company Cincinnati Bell Inc CBB.N for about $529.42 million, the companies said.

Nigerian telecoms group IHS Towers said it has agreed to buy Brazilian telecoms infrastructure company Cell Site Solutions (CSS) from Goldman Sachs (NYSE:GS) and Centaurus Capital LP for an undisclosed amount, to expand in Latin America.

Apache Corporation (NYSE:APA) APA.N and French rival Total TOTF.PA have formed a joint venture to develop a project off Suriname in a deal that gives the struggling U.S. oil and gas producer a cash injection for more exploration, the companies said.

European software investor Hg said it would acquire Germany's Personal & Informatik, a provider of cloud-based HR software, from a group of funds advised by Permira for an enterprise value of 2 billion euros ($2.22 billion).

ArcelorMittal MT.AS , the world's largest steelmaker, has agreed to sell a 50% stake in its shipping business, the first step in its plan to offload $2 billion of assets by the middle of 2021 to reduce its debt.

Infrastructure service provider Ventia said it will buy Broadspectrum from Spanish infrastructure company Ferrovial SA FER.MC for A$485 million ($335 million). Toshiba Corp 6502.T said it would extend the period of its tender offer for chip equipment unit NuFlare Technology Inc 6256.T until Jan. 16.

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Japanese hotel chain Unizo Holdings 3258.T said it had received a friendly buyout offer from U.S. investment fund Lone Star, a deal that could end a five-month takeover battle involving Blackstone (NYSE:BX) Group BX.N , Fortress Investment Group and activist investor Elliott Management.

Israel's Navitas Petroleum NVPTp.TA said it had purchased 50% of the rights in four oil fields in Texas from oil and gas company Denbury Resources (NYSE:DNR) DNR.N for $45 million.

Britain has approved the purchase of British defence company Cobham COB.L by U.S. investor Advent International for $5 billion after the private equity group made commitments to address national security concerns.

Private equity firm Lone Star has entered into a deal to buy BASF's BASFn.DE construction chemicals business for 3.17 billion euros ($3.5 billion) on a cash and debt-free basis, the German chemicals company said as it seeks to focus on more profitable operations.

Commodities trader and food processor Bunge Ltd BG.N said it agreed to sell its margarine and mayonnaise assets in Brazil to Seara Alimentos, a subsidiary of Brazilian meat processor JBS SA JBSS3.SA .

Testimony ended in a lawsuit by a group of states led by New York and California seeking to block the merger of Sprint Corp S.N and T-Mobile US Inc TMUS.O, moving the trial a step closer to having a U.S. judge rule on whether the deal violates federal antitrust laws.

U.S. shale producer Callon Petroleum Co CPE.N won shareholder approval to acquire rival Carrizo Oil & Gas Inc CRZO.O with a reduced stock offer, a month after it won the support of a major dissenting stockholder.

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U.S. educational software company Instructure Inc INST.N said it met with dozens of potential buyers over months before agreeing on a $2 billion deal with private equity firm Thoma Bravo, which offered the highest price.

Italian infrastructure fund F2i and Spain's Asterion have reached an agreement to buy Italian energy group Sorgenia, the company said.

Centamin Plc CEY.L won approval to give its Canadian suitor Endeavour Mining EDV.TO more time to make a firm takeover offer, as shareholder pressure mounted on the London-listed gold miner to engage in talks.

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