Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Deals of the day-Mergers and acquisitions

Published 2015-07-31, 06:02 a/m
Deals of the day-Mergers and acquisitions

July 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on Friday:

** Martin Sorrell's WPP WPP.L and buyout firm Providence
agreed to buy British marketing group Chime Communications
CHW.L for 374 million pounds ($584 million) in a bid to turn
the smaller group into a global sports marketing agency.
ID:nL5N10B10N

** Barrick Gold Corp ABX.TO agreed on Thursday to sell 50
percent of its Zaldivar copper mine in Chile to copper miner
Antofagasta Plc ANTO.L for $1 billion in cash, and both
parties stressed that this was just the start of more
cooperation. ID:nL1N10A3S3

** Sharp Corp 6753.T said it would exit the TV set
business in the Americas by selling its TV manufacturing plant
in Mexico and license its brand in the Americas to China's
Hisense Group. Hisense said it would pay $23.7 million for the
business. ID:nL3N10B2VX

** Austrian utility Verbund VERB.VI is keen to take over
smaller rival Kelag by buying out the stake of the country's
Carinthia province, which is burdened by debt guarantees for
defunct lender Hypo Alpe Adria. ID:nL5N10B1HM

** Cigarette maker PT HM Sampoerna Tbk HMSP.JK plans to
launch a share sale of up to 20 trillion rupiah ($1.5 billion)
in September or October to meet Indonesia's minimum free float
requirement, IFR reported, citing two people close to the
transaction. ID:nJ9N0ZN01K

** Singapore state investor Temasek Holdings' planned sale
of shipper Neptune Orient Lines NEPS.SI offers potential
buyers a modern fleet at a comparative bargain price, expected
to be around $2 billion, industry and banking sources said.
ID:nL3N10B3X4

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

** LafargeHolcim LHN.VX , the world's biggest cement maker,
offered to buy out the 11 percent stake it does not own in Greek
peer Heracles HERr.AT 1.23 euros a share, or about 9.6 million
euros, according to Reuters calculations. ID:nL5N10B1NG

** European cable operator Liberty Global LBTYA.O said it
had raised its stake in ITV ITV.L to 9.9 percent through a
hedging deal but still had no intention of taking over Britain's
biggest free-to-air commercial TV firm. ID:nL5N10B11D

($1=13,520.00 rupiah)
($1 = 0.6406 pounds)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.