Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Deals of the day-Mergers and acquisitions

Published 2018-11-01, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Nov 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Canada's Encana Corp ECA.TO will buy Newfield Exploration Co NFX.N for $5.5 billion, giving the natural gas producer greater access to North America's biggest oilfields, and potentially spurring further deals.

U.S. drugmaker Pfizer Inc (NYSE:PFE) PPE.N is considering options, including a sale of its women's health portfolio, Bloomberg reported, citing sources familiar with the matter.

Canadian pipeline operator TransCanada Corp TRP.TO said it is eyeing joint ventures and asset sales, among other options, to finance the construction of its $8-billion Keystone XL crude oil pipeline.

Twenty-First Century Fox Inc (NASDAQ:FOX) FOXA.O Executive Chairman Lachlan Murdoch said it is still an "open question" whether the company will buy back the regional sports networks it sold to entertainment company Walt Disney (NYSE:DIS) Co DIS.N in July as part of a $71-billion deal.

Cigna Corp (NYSE:CI) CI.N said its $52-billion acquisition of pharmacy benefits manager Express Scripts Holding Co ESRX.O was on track to close by the end of the year.

** Talks between Brazil's Petroleo Brasileiro SA PETR4.SA and France's Engie ENGIE.PA over the latter's acquisition of pipeline company TAG are not expected to end before February or March of next year, the chief executive officer of Engie's Brazilian unit said in a conference call with analysts.

** An activist hedge fund led by the former finance chief of JP Morgan Chase (NYSE:JPM) has taken a 3.1 percent stake in Deutsche Bank DBKGn.DE , saying it backed new CEO Christian Sewing's efforts to turn around Germany's biggest bank, but there was more to do.

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

** Private equity firm Cerberus Capital Management LP said it has agreed to buy SGI Frontier Capital Pte Ltd, giving it a foothold to invest in frontier markets in Asia and Africa. State-appointed administrators at Alitalia said on Wednesday they had received two binding offers for the Italian airline and one non-binding expression of interest.

Shares in Australia's largest-listed wealth manager, AMP Ltd AMP.AX , jumped more than 7 percent, following reports that the country's largest investment bank, Macquarie Group MQG.AX, was considering a tilt at the embattled firm.

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.