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Deals of the day-Mergers and acquisitions

Published 2018-02-12, 09:03 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

Feb 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Monday:

** Canada's Bank of Nova Scotia BNS.TO said it had agreed to buy investment firm Jarislowsky Fraser for C$950 million mostly in stock.

Danish telecoms company TDC TDC.CO has received a $6.65-billion takeover offer for all its shares from Australia's Macquarie and three Danish pension funds and recommended that shareholders accept the offer. Danish telecoms group TDC TDC.CO will abandon its planned $2.5 billion takeover of Swedish MTG's MTGb.ST broadcasting and entertainment business if an approach it has received leads to a concrete offer, it said.

U.S. defense contractor General Dynamics Corp (NYSE:GD) GD.N said it would buy smaller rival CSRA Inc CSRA.N for about $6.8 billion to expand its information technology unit, which provides services to the U.S. Department of Defense.

Rupert Murdoch's Twenty-First Century Fox FOXA.O said it would commit to maintain Sky News in Britain for at least five years and would establish an independent board for the channel to try to secure its takeover of pay-TV operator Sky SKYB.L.

German utility EnBW EBKG.DE has made its first investment outside Europe as part of the group's renewables expansion, taking stakes in three offshore wind projects in Taiwan with a volume of about 2 gigawatts.

Russia's biggest mobile phone operator MTS MBT.N MTSS.MM has entered the event ticketing market by buying the country's two biggest ticket selling firms for more than $60 million.

A consortium led by U.S. private equity firm Apollo that is seeking to buy the chemicals division of Dulux paintmaker Akzo Nobel AKZO.AS has added a Dutch pension firm to its team, the Financial Times reported.

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Czech utility CEZ CEZP.PR has postponed a decision on the sale of its remaining Bulgarian assets while it tries to work out their value, a spokesman for the company said, confirming a local newspaper report over the weekend.

Sweden's MTG MTGb.ST said it had been informed by TDC TDC.CO that the Danish operator's board intends to withdraw its recommendation of a deal with MTG to combine its Nordic Entertainment and MTG Studios businesses with TDC.

Saga Plc SAGAG.L, a British tourism and insurance group for the over-50s, said it had signed a quota share deal with NewRe and German reinsurer Hannover Re HNRGn.DE to take on 80 percent of the motor underwriting risk of its in-house underwriter AICL.

Holding company BGEO BGEO.L said on Monday its investment arm, Georgia Capital, would increase its stake in the Bank of Georgia to 19.9 percent, up from the previously announced 9.9 percent, ahead of a planned demerger of the two units.

Euromoney ERM.L , a business to business information company, said it agreed to sell its Global Markets Intelligence Division (GMID) to a consortium led by CITIC Capital Partners for $180.5 million, selling off a non-core unit.

Rig firm Seadrill SDRL.OL, which last year filed for bankruptcy protection in a U.S. court, is working towards a comprehensive deal with all its creditors that could be concluded this week, it said in a court filing late on Friday.

Amazon.com Inc AMZN.O paid about $90 million to acquire the maker of Blink home security cameras late last year, in a secret bet on the startup's energy-efficient chips, people familiar with the matter told Reuters.

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Comcast Corp CMCSA.O is considering a new offer for Rupert Murdoch's Twenty-First Century Fox FOXA.O assets, despite an agreement in December to sell them to Walt Disney Co DIS.N for $52.4 billion, according to people familiar with the matter.

Qualcomm Inc QCOM.O and Broadcom Ltd AVGO.O plan to meet on Wednesday to talk about the latter's $121-billion acquisition offer, the first time the semiconductor companies will discuss the potential deal, people familiar with the matter said.

Takata Corp 's TKTDQ.PK U.S. unit reached a settlement with its creditors, lawyers for those injured by its deadly air bags and automakers that smoothes the way to end its Chapter 11 bankruptcy and sell its viable operations, according to court papers.

South African tycoon Christo Wiese has cut his stake in retailer Steinhoff International SNHJ.J, which has been embroiled in an accounting scandal, to 6.2 percent, regulatory filings show.

A consortium led by India's Oil and Natural Gas Corp (ONGC) ONGC.NS has become the first group to win a stake in Abu Dhabi National Oil Co's (ADNOC) 40-year offshore oil concession, a deal set to help the UAE expand its foothold in Asia.

Intesa SanPaolo ISP.MI expects a partial sale of its debt collection unit won't take long and looks with particular interest at Sweden's Intrum Justitia, though China's CEFC is also interested, the Italian bank's chairman said.

Bayer BAYGn.DE needs to ensure that a merger with rival Monsanto (NYSE:MON) MON.N does not stifle competition in digital farming, the European Union's Competition Commissioner Margrethe Verstager told a German newspaper on Saturday.

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Qatari investment fund Mayhoola, which owns Italian fashion house Valentino, and Chinese conglomerate Fosun, the company behind French tourism group Club Med, are vying to acquire a majority stake in struggling French fashion house Lanvin, two sources familiar with the talks said.

Saudi Basic Industries Corp's (SABIC) 2010.SE move to buy a quarter stake in Clariant CLN.S is better than the planned merger with U.S.-based Huntsman that was blocked last year by activist investors, the Swiss chemical maker's CEO said.

Alibaba (NYSE:BABA) Group Holding BABA.N will pay about 5.45 billion yuan ($866 million) for a 15-percent stake in China's Easyhome, a home improvement chain, as the internet giant expands its investments in offline and retail businesses.

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