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Deals of the day-Mergers and acquisitions

Published 2015-11-09, 04:19 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds A2A, Warburg Pincus, Apache Corp (N:APA), PEAK6 Investments,
Canadian Pacific Railway ; Updates Anbang Insurance)
Nov 9 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Monday:

** Anbang Insurance Group agreed to buy U.S. annuities and
life insurer Fidelity & Guaranty Life FGL.N for about $1.57
billion as Chinese insurers seek to expand into the United
States. urn:newsml:reuters.com:*:nL3N1344ER

** Italy's biggest regional utility A2A A2.MI has
presented a binding offer to take a majority stake in smaller
peer Linea Group Holding (LGH) to boost its growth prospects in
a fragmented market. urn:newsml:reuters.com:*:nL8N13440M

** Private equity firms Warburg Pincus WP.UL and General
Atlantic are expected to announce a joint deal this week to
invest in United Arab Emirates-based payments provider Network
International, according to sources. urn:newsml:reuters.com:*:nL8N1343JB

** Apache Corp APA.N declined to comment whether it has
received and rejected an unsolicited takeover offer from an
unidentified company. urn:newsml:reuters.com:*:nL1N1341JX

** PEAK6 Investments, a multi-faceted global business based
in Chicago, has bought a 25 percent stake in struggling Premier
League team Bournemouth. urn:newsml:reuters.com:*:nL3N1345KM

** Canadian Pacific Railway Ltd CP.TO is looking to
acquire U.S. peer Norfolk Southern Corp (N:NSC) NSC.N , Bloomberg
reported, citing people familiar with the matter. urn:newsml:reuters.com:*:nL3N1345NG

** Canadian Natural Resources Ltd CNQ.TO will sell most
of its royalty assets to PrairieSky Royalty Ltd PSK.TO in a
C$1.8 billion ($1.4 billion) deal, joining other oil producers
in shedding assets to weather a slump in crude
prices. urn:newsml:reuters.com:*:nL3N1343OA

** Santiago-listed shares in LATAM Airlines LAN.SN rose
4.52 percent early Monday following a brokerage report that
British Airways-owner IAG ICAG.L is looking at working more
closely with the Chile-headquartered carrier, traders said.
urn:newsml:reuters.com:*:nL1N134109

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

** South African fixed-line operator Telkom TKGJ.J said it
is in talks to buy rival Cell C SAOGRC.UL , as it seeks to
boost its fledging mobile phone business. urn:newsml:reuters.com:*:nL8N1340IJ

** Weyerhaeuser Co WY.N will purchase Plum Creek Timber Co
Inc PCL.N in a deal announced on Sunday that the two companies
said would create a $23 billion timber, land and forest products
company, the largest in the United States. urn:newsml:reuters.com:*:nL1N1330LW

** Industrial rubber maker Trelleborg TRELb.ST said it was
buying privately owned Czech CGS Holding to become a global
leader in agricultural tires and strengthen its leading position
in industrial tires. urn:newsml:reuters.com:*:nL8N1340W2

** Chocolate and cocoa group Barry Callebaut BARN.S has
acquired Nyonkopa Cocoa Buying Company Ltd in Ghana, the Swiss
company said, giving no financial details. urn:newsml:reuters.com:*:nFWN1310C9

** Coca-Cola Enterprises (N:CCE) CCE.N and two other European
bottlers of Coca-Cola KO.N drinks have secured unconditional
EU antitrust approval for their merger after regulators found no
competition issues. urn:newsml:reuters.com:*:nL8N1342KT

** Talks between Wincor Nixdorf WING.DE and its U.S.
suitor Diebold DBD.N are ongoing and constructive, the CEO of
the German ATM maker said on Monday, but he stopped short of
saying when a final agreement could be announced. urn:newsml:reuters.com:*:nL8N13428T

** The head of smartphone screen maker Japan Display Inc
6740.T said he would not turn down a partnership with
embattled rival Sharp Corp 6753.T amid speculation that Japan
Display's top investor, a state-backed fund, wants a tie-up
between the two.

** The board of Britain's National Grid Plc NG.L is
weighing up options for its four gas distribution networks
across the country, which may attract 10 billion pounds ($15.06
billion), the Sunday Times reported, citing people familiar with
the matter. urn:newsml:reuters.com:*:nL1N13401S

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** U.S. based asset management company Affiliated Managers
Group AMG.N said on Sunday it has agreed to buy a majority of
the equity stake held by BlueCrest Capital Management LP in
Systematica Investments LP.

** Spanish renewable energy firm Abengoa ABGek.MC ABG.MC
said on Sunday a local steel firm, Gonvarri, would invest 250
million euros in the company and become its main shareholder
after also taking part in a planned rights issue.

** Santos Ltd's STO.AX rebuffed suitor, Scepter, is likely
to walk away after Santos opted to sell A$500 million ($351
million) in new shares to a Chinese private equity firm at well
below Scepter's offer price, a source familiar with Scepter's
thinking said on Monday. urn:newsml:reuters.com:*:nL3N1330UA

** Neptune Orient Lines Ltd (NOL) NEPS.SI said on Saturday
that it was in preliminary talks with CMA CGM SA CMACG.UL and
A.P. Moeller-Maersk MAERSKb.CO on a potential acquisition of
the Singapore-based container liner. urn:newsml:reuters.com:*:nL3N132098


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