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 2018-12-04, 04:07 p/m
Updated 2018-12-04, 04:10 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Dec 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** A federal judge who has been asked to sign off on the U.S. government's decision to approve CVS Health (NYSE:CVS) Corp's CVS.N acquisition of insurer Aetna Inc (NYSE:AET) said he was "less convinced" than the government that the companies had struck a deal that ensured the merger was legal under antitrust law. Debt-laden Indian carrier Jet Airways Ltd JET.NS is close to finalising a deal under which shareholder Etihad Airways will inject fresh funds, news channel CNBC-TV18 reported, citing sources. U.S. oil and gas company Chevron (NYSE:CVX) has decided to launch the sale of its stake in Azerbaijan's largest oil field as well as the Baku-Tbilisi-Ceyhan (BTC) pipeline, it said in a statement. Germany's Daimler AG DAIGn.DE has raised the prospect of increasing its stake in a joint venture with Chinese partner BAIC Motor Corp 1958.HK , Bloomberg reported, citing people familiar with the matter. British supermarket group Sainsbury's SBRY.L proposed takeover of rival Asda would not be cleared by the competition regulator without the need for "extensive remedies" if precedent is followed, according to market leader Tesco TSCO.L . Oman's Raysut Cement RCCI.OM said it plans to acquire Kenya's ARM Cement ARM.NR , which went into administration in August, as part of its expansion plans. Canadian mining company Teck Resources Ltd TECKb.TO , TECK.N said it has agreed to sell a 30 percent stake in its Quebrada Blanca copper mine expansion in northern Chile to Japan's Sumitomo for $1.2 billion. BGC, one of Australia's biggest privately owned companies, said it has hired Macquarie Group MQG.AX to find a buyer for the business, in a possible deal that local media said would be worth about A$2 billion ($1.5 billion). Travis Perkins TPK.L , Britain's largest building materials group, plans to sell its plumbing and heating division, and said it could divest its Wickes home improvement chain in the future. Dutch insurer ASR ASRNL.AS said it was acquiring Loyalis, part of pensions administrator APG, in a 450 million euro ($512 million) deal to expand in disability insurance. The sale of a stake in German public-sector bank NordLB NDLG.UL is facing delays as bidders Cerberus CBS.UL and Apollo APO.N were asked to elaborate on their offers, people close to the matter said. Singapore-based specialty retailer V3 Group Ltd said private equity firm KKR & Co KKR.N will invest up to S$500 million ($366.30 million) for a "significant stake" in the company. TIBCO Software Inc, a large privately-held business software provider, is acquiring French data management company Orchestra Networks in a move that will bolster its ability to help clients organize customer data, according to sources familiar with 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.