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Deals of the day-Mergers and acquisitions

Published 2018-11-27, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Nov 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Canada's oilfield services provider Ensign Energy Services Inc ESI.TO said about 56 percent of Trinidad Drilling Ltd 's TDG.TO shares have been tendered to its hostile bid, giving the company an upper hand over Precision Drilling Corp's PD.TO rival offer.

Swiss drugmaker Roche ROG.S is buying U.S.-based Jecure Therapeutics, joining Pfizer (NYSE:PFE) PFE.N, Gilead Sciences GILD.O and Novartis NOVN.S in pursuit of new drugs to treat fatty liver disease.

Commerzbank CBKG.DE has walked away from bidding for a stake in German public sector lender NordLB because the suitor was not satisfied with the growth and synergy potential from a deal, daily Handelsblatt reported.

Deutsche Telekom DTEGn.DE secured unconditional EU antitrust approval for its bid to acquire Tele2 's TEL2b.ST Dutch business, a move which may trigger a wave of consolidation in the industry as companies bet on a softer regulatory touch.

Proxy voting adviser Pensions & Investment Research Consultants Limited (PIRC) told investors to oppose Restaurant Group 's RTN.L proposed 357-million-pound ($455 million) deal to acquire the Wagamama noodle chain.

Credit card and loyalty programs company Alliance Data Systems Corp (NYSE:ADS) ADS.N said it is exploring options for its marketing unit Epsilon, including a potential sale.

Private equity firm General Atlantic LLC has led a 250 million reais ($64.18 million) investment and acquired an undisclosed stake in the Brazilian residential rental website QuintoAndar, both companies said in a statement.

A deal for a unit of Royal Dutch Shell (LON:RDSa) RDSa.AS to acquire a 15 percent stake in Toll4Europe, an electronic toll service provider backed by Deutsche Telekom DTEGn.DE , has won antitrust clearance, the German company said.

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The chief executive of Germany's Lufthansa LHAG.DE said there are still too many airlines in Europe and he expects the company to be involved in more consolidation in the industry that will eventually leave three global carriers in the continent.

The French government will consider boosting its stake in energy utility EDF EDF.PA and will ask the company to make proposals about changing its structure, a source close to the Elysee presidential palace said.

Shares in Osram OSRn.DE rose almost 15 percent after Bloomberg reported that private equity firm Bain Capital was exploring a takeover bid for the German lighting group, citing people with knowledge of the matter.

United Technologies Corp (NYSE:UTX) UTX.N said it would separate into three companies consisting of its aerospace, elevators and building divisions, making it the latest industrial conglomerate to pursue such a break-up.

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