Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Deals of the day-Mergers and acquisitions

Published 2018-04-02, 04:00 p/m
Updated 2018-04-02, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Elliott, COFCO Property, ReNew Power, General Electric (NYSE:GE); Updates Transcontinental)

April 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** General Electric Co's GE.N healthcare unit said it would sell its information technology business to private equity firm Veritas Capital for $1.05 billion in cash as it sharpens its focus on smart diagnostics and connected devices. ReNew Power, backed by Goldman Sachs (NYSE:GS) and Canada Pension Plan Investment Board (CPPIB), said it has acquired Ostro Energy Private Ltd, backed by London-based Actis LLP, in one of India's biggest renewable energy deals. Hedge fund Elliott Management Corp disclosed a 10.3 percent stake in Commvault Systems Inc CVLT.O and nominated four directors to the data software developer's board. Joy City Property Ltd 0207.HK said COFCO Property Group Co Ltd 000031.SZ would buy a controlling 64.18 percent stake in the company from Vibrant Oak Ltd for 14.76 billion yuan ($2.35 billion), as part of a reorganisation of COFCO Corp. Israeli drugmaker Compugen Ltd CGEN.TA , CGEN.O said it had agreed an exclusive licensing deal with a unit of AstraZeneca AZN.L to develop antibody products to treat cancer, which could be worth more than $200 million. Transcontinental Inc TCLa.TO said it would buy the U.S. packaging business of Coveris Holdings S.A. for $1.32 billion (C$1.70 billion) as the Canadian publisher looks to join other top North American companies in the flexible packaging space. ** Chinese e-commerce giant Alibaba (NYSE:BABA) Group Holding Ltd BABA.N said it would buy the remaining shares of Ele.me, a major platform in China's food delivery market, as it competes with Tencent Holdings Ltd 0700.HK services for offline consumers. U.S. retailer Walmart (NYSE:WMT) Inc WMT.N is in early-stage talks with health insurer Humana Inc (NYSE:HUM) HUM.N about developing closer ties, with the acquisition of Humana being discussed as a possibility, people familiar with the matter said on Thursday. Intercontinental Exchange Inc's ICE.N New York Stock Exchange (NYSE) is in talks to buy the Chicago Stock Exchange (CHX), the Wall Street Journal reported on Friday, a month-and-a-half after U.S. regulators blocked the sale of CHX to China-based investors. United Arab Emirates-based Tabarak Investment has been granted more time to secure the financing it needs to buy Qatar's Commercial Bank's COMB.QA 40 percent stake in Abu Dhabi-listed United Arab Bank UAB.AD , sources said on Monday.

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

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.