Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Deals of the day-Mergers and acquisitions

Published 2018-09-12, 04:03 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Sept 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Britain's Sports Direct SPD.L officially ruled out a takeover bid for Debenhams DEB.L after an outgoing director of the sportswear firm said the board had discussed combining the department store group with House of Fraser.

Comcast Corp's CMCSA.O bid of 14.75 pounds for each Sky share will now remain open for acceptance until early October, the U.S. cable giant said, adding that it has received valid acceptances for shares representing 0.29 percent of Sky Plc SKYB.L to date.

Private equity firms Carlyle Group CG.O and Investindustrial are teaming up to create a high-end interior design group which is already looking for acquisitions to boost growth.

Canadian miner New Gold Inc NGD.TO NGD.N is exploring a sale as it grapples with ballooning development costs and operating challenges at its new mine, people familiar with the situation told Reuters.

Global commodities trader Mercuria Energy Group is expanding its iron ore business with a majority stake in U.S. Mesabi Metallics Co, deepening its investment in the United States at a time of a resurgent steel industry.

Italy's biggest private broadcaster Mediaset MS.MI is working on a large merger or acquisition in Europe's TV sector, its chief executive said. French bank Natixis CNAT.PA said it planned to sell several specialized finance businesses to its parent, unlisted French cooperative lender BPCE, and use part of the 2.7 billion euros ($3.1 billion) in proceeds for acquisitions.

Chinese conglomerate Fosun International Ltd 0656.HK is in discussions to buy British-based commodities broker Marex Spectron, two industry sources said.

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

Stanley Black & Decker Inc (NYSE:SWK) SWK.N said it would buy a minor stake in lawnmower maker MTD Products Inc for $234 million, expanding deeper into the outdoor garden equipment market and adding to its diverse line of products.

Private equity firms Investindustrial and Carlyle Group CG.O teamed up to create an interior design group to expand their brands, which is expected to generate 500 million euros ($580 million) in sales revenue.

U.S. biotech firm Vital Therapies Inc VTL.O said it will explore strategic options after its liver disease treatment failed to meet the main goal of a late-stage study, driving its shares down by more than 70 percent.

Nielsen Holdings Plc NLSN.N will explore strategic alternatives including a sale, the TV ratings company told Reuters in a statement, after coming under pressure to do so from hedge fund Elliott Management Corp.

Activist investor Marathon Partners Equity Management is planning to push discount cosmetics maker e.l.f. Beauty Inc ELF.N to start a process to sell itself or refocus on its core operations and cut costs, the Wall Street Journal reported.

Private equity firm Carlyle Group LP CG.O is in talks to acquire Sedgwick Claims Management Services Inc, the largest U.S. insurance claims service provider, for more than $6 billion, including debt, people familiar with the matter said.

The Federal Communications Commission, which is reviewing the planned merger of T-Mobile US Inc TMUS.O and Sprint Corp S.N , said it has paused its review clock to give the agency time to analyze new and anticipated submissions from the companies.

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.