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Deals of the day-Mergers and acquisitions

Published 2017-07-25, 09:02 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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July 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1300 GMT on Tuesday:

** U.S. retailer Michael Kors KORS.N has agreed to buy luxury shoemaker Jimmy Choo CHOO.L for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner.

Fukuoka Financial Group Inc 8354.T and Eighteenth Bank 8396.T, both based in southern Japan, said they would indefinitely put on hold plans to integrate their operations, citing anti-monopoly issues.

Stada's STAGn.DE management board and supervisory board are recommending that shareholders accept a sweetened takeover offer for the German generic drugmaker from buyout groups Bain Capital and Cinven, Stada said.

Nasdaq Inc NDAQ.O has agreed to acquire Sybenetix, a London-based startup that uses artificial intelligence to help compliance officers at asset management firms analyze the behavior of their traders in order to prevent market abuse.

Royal Dutch Shell RDSa.L and SoftBank 9984.T are among several global groups considering bidding for Equis Energy, Asia's largest independent renewable energy producer valued at up to $5 billion, sources familiar with the matter said.

Netherlands-based drinks bottler Refresco RFRG.AS has agreed to buy the bottling activities of Canada-based Cott Corp BCB.TO for $1.25 billion, giving a big boost to its business in the United States, the world's largest soft drinks market.

Saudi Arabia's government has hired Goldman Sachs (NYSE:GS) GS.N to manage the sale of a stake in Riyadh airport, the first major privatization of an airport in the kingdom, three sources familiar with the matter said.

The chief executive of Drillisch DRIG.DE urged shareholders in the German mobile operator to approve an issue of new shares that will trigger a takeover by United Internet UTDI.DE in a deal valued at over 8 billion euros ($9.33 billion).

Hong Kong's CK Infrastructure 1038.HK (CKI) is seen in the lead to buy German metering and energy management group Ista for more than 4.5 billion euros ($5.2 billion), sources close to the matter told Reuters.

Drillisch DRIG.DE shareholders voted overwhelmingly to approve a takeover by United Internet UTDI.DE, creating a stronger competitor to Germany's three telecoms network operators in a deal worth over 8 billion euros ($9.33 billion).

Activist investor Sandell Asset Management Corp urged Barnes & Noble Inc (NYSE:BKS) to sell itself, saying internet and media companies or private equity firms might be interested in buying the U.S. bookstore chain operator.

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