Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Deals of the day-Mergers and acquisitions

Published 2018-11-19, 04:00 p/m
Updated 2018-11-19, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Careem, Disney , Casino , Fairfax Financial, Australis Seafoods, Fortress Biotech; Updates Cimarex)

Nov 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Middle East ride-hailing firm Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential Middle East M&A deal with Uber Technologies, three sources familiar with the matter told Reuters. Casino CASP.PA said it had bought a 5 percent stake in fintech company Lyf Pay as part of the French retailer's bid to gain a foothold in the European mobile payments business. Walt Disney (NYSE:DIS) Co DIS.N received unconditional approval from China for its deal to buy Twenty-First Century Fox's FOXA.O entertainment assets, clearing one of the last major hurdles for the deal to go through. Biotech incubator Fortress Biotech Inc FBIO.O said it would sell its majority stake in brokerage National Holdings Corp to financial services provider B Riley Financial RILY.O in a deal valued at $22.9 million. Shares in Australis Seafoods AUS.SN jumped by nearly 30 percent after Chinese food service giant Joyvio said it would buy the Chilean salmon farmer in a $880 million deal. Fairfax Financial Holdings FFH.TO , owned by Canadian billionaire Prem Watsa, said it bought an almost 14 percent stake in steelmaker Stelco Holdings STLC.TO for C$250.1 million ($189.93 million). Industrial equipment maker Colfax Corp CFX.N said it would acquire DJO Global Inc from Blackstone (NYSE:BX) Group BX.N for $3.15 billion in cash, as it diversifies into selling medical products such as shoulder implants and knee braces. Oil and gas producer Cimarex Energy Co (NYSE:XEC) XEC.N agreed to buy smaller rival Resolute Energy Corp REN.N for $1.6 billion including debt, adding more assets in the shale-rich Permian Basin for a premium of roughly 15 percent. Japanese food ingredient maker Fuji Oil Holdings Inc 2607.T is buying U.S.-based Blommer Chocolate, the privately held cocoa and chocolate manufacturer said. Barloworld Ltd BAWJ.J is in talks to buy a business from Caterpillar Inc (NYSE:CAT) CAT.N using proceeds from the sale of a unit earlier this year, the head of the South African equipment maker said. Oman Oil Co and Oman Oil Refineries and Petroleum Industries Co (ORPRIC) have merged their downstream businesses and appointed a new group chief executive as part of plans to integrate the two companies, ORPIC said in a statement posted on its twitter account. China's government-backed Fujian Sangang Group 002110.SZ purchased iron- and steel-making capacity from a bankrupt plant in western China, the company said, allowing the company to expand its own capacity later. Egypt's Pioneers Holding PIOH.CA said it has made a compulsory offer to acquire all of Electro Cable Egypt ELEC.CA as part of its strategy to use revenues from a capital increase in October to grow its business. Brazilian restaurant operator International Meal Company Alimentação MEAL3.SA said that it had received a letter from holding company Abanzai Representaçoes declaring its intention to buy up to 42 percent of IMC, as the restaurant operator is known, for 8.63 reais per common share. Newspaper publisher Fairfax Media Ltd FXJ.AX said it received overwhelming support from its shareholders for the A$2.16 billion ($1.6 billion) buyout from television network Nine Entertainment Co Holdings Ltd NEC.AX . Barrick Gold Corp ABX.TO , soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives. Cancer drug developer Tesaro Inc TSRO.O is exploring a sale and is working with financial advisers after receiving takeover interest, Bloomberg reported, citing people familiar with the matter. Zayo Group Holdings Inc ZAYO.N has received takeover interest from a group of investors including funds managed by Blackstone Group LP BX.N and Stonepeak Partners LP, Bloomberg reported, citing people with knowledge of the matter.

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.