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Deals of the day-Mergers and acquisitions

Published 2018-04-17, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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(Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys "R" Us and Fortis Healthcare)

April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Top Xerox Corp (NYSE:XRX) XRX.N shareholders Carl Icahn and Darwin Deason suggested alternatives to the printer maker's proposed merger with Japan's Fujifilm 4901.T , including a plan for the company to monetize some assets. Activist hedge fund Blue Harbour Group LP CEO Cliff Robbins told a conference in New York that Canadian business information management software company Open Text Corp OTEX.TO could be acquired. French healthcare group Sanofi SASY.PA is in exclusive talks to sell its Zentiva European generics drugs arm to private equity firm Advent International for 1.9 billion euros ($2.4 billion), the companies said. Goldman Sachs Group Inc (NYSE:GS) GS.N is likely to expand its consumer bank through small acquisitions, its finance chief said, without ruling out the idea that it might buy a traditional lender, too. Brazilian power distribution company Eletropaulo Metropolitana SA's ELPL3.SA shares soared after the company disclosed two rival takeover bids from European energy firms. Africa's biggest pension fund Public Investment Corporation (PIC) has increased its stake in Murray & Roberts MURJ.J to 20 percent after opposing a takeover offer for the South African engineering group. Bankrupt retailer Toys "R" Us has rejected an $890 million bid for some of its U.S. stores and locations in Canada from the CEO of Bratz doll maker MGA Entertainment Inc, a person familiar with the matter said. India's Fortis Healthcare Ltd FOHE.NS , the target of two rival takeover bids, received an unsolicited investment offer of up to $350 million from a unit of Chinese conglomerate Fosun International 0656.HK , the company said in a regulatory filing. Brazilian steelmaker Companhia Siderurgica Nacional CSNA3.SA is in talks to sell a U.S. unit to Steel Dynamics Inc STLD.O for around $250 million, according to a report in the newspaper O Estado de S. Paulo. Vedanta Ltd VDAN.NS said it got approval from India's designated court for bankruptcy cases to acquire Electrosteel Steels Ltd ELES.NS . Intesa Sanpaolo's ISP.MI board approved a 3.6 billion euro deal with Swedish credit management company Intrum INTRUM.ST that will help the Italian bank to cut its bad loan ratio below a 10 percent threshold. Deutsche Bank DBKGn.DE has ended talks to sell its Indian retail and wealth management business to private lender IndusInd Bank Ltd INBK.NS , two people with knowledge of the matter said. Private equity firm Platinum Equity's acquisition of US hotelier Wyndham Worldwide (NYSE:WYN) Corp's WYN.N European vacation rental business will be backed with an 857 million euro leveraged loan, banking sources said. Concert ticketing firm CTS Eventim EVDG.DE said it had bought a controlling stake in Vivo Concerti, an Italian promoter of concerts and musicals. Czech President Milos Zeman will meet a delegation from Chinese state-run conglomerate CITIC 0267.HK , including chairman Chang Zhenming, his spokesman said, amid reports it could take a stake in another Chinese group's Czech investments. British private equity firm Actis is close to signing a deal to buy the solar power portfolio of Indian conglomerate Shapoorji Pallonji, three people aware of the development said. Lagardere LAGA.PA , the French media group whose assets include Paris Match magazine and Europe 1 radio, said it was selling some eastern European radio assets to energy investor Daniel Kretinsky's Czech Media Invest. New Zealand's Fletcher Building FBU.NZ , announced a NZ$1.25 billion ($920 million) refinancing plan and the proposed sale of its Formica and steel roofing tiles business, while dismissing a report it had become a takeover target.

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