Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Deals of the day-Mergers and acquisitions

Published 2018-12-06, 04:09 p/m
Updated 2018-12-06, 04:09 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Boeing (NYSE:BA), Power Finance; Updates Lumentum, Sears, Mallinckrodt (NYSE:MNK))

Dec 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** A federal court in Sao Paulo issued a decision blocking the proposed tie-up between planemakers Boeing Co BA.N and Embraer SA EMBR3.SA , according to a court document seen by Reuters. Lumentum Holdings Inc LITE.O , seen by analysts as a parts supplier for Apple Inc's AAPL.O Face ID technology, said it received antitrust clearance from China for its $1.7 billion acquisition of Oclaro Inc OCLR.O . Sears Holdings Corp SHLDQ.PK Chairman Eddie Lampert's ESL Investments Inc has made an offer valued at $4.6 billion to buy the bankrupt U.S. retailer, one of the only options that would prevent the department store chain from shutting its doors for good. Mallinckrodt Plc MNK.N plans to spin off its specialty generics business to shareholders by the second half of 2019, but said it was still open to a sale of the unit. The Indian government approved a plan by a state-owned lender to the power industry, Power Finance Corp PWFC.NS , to acquire a majority stake in a similar government-controlled lender, REC Ltd RECM.NS , Finance Minister Arun Jaitley said. A consortium of buyout firms Siris Capital Group LLC and hedge fund Elliott Management is nearing an agreement to acquire travel software company Travelport Worldwide Ltd TVPT.N , people familiar with the matter said. Thyssenkrupp TKAG.DE expects to soon submit documents that the European Commission has requested to resume an in-depth investigation of its planned joint venture with Tata Steel TISC.NS , the company said. Kenya's NIC Bank NIC.NR and Commercial Bank of Africa will hold talks on a potential merger, to combine their separate expertise in retail and corporate banking, they said in a joint statement. Barrick Gold Corp ABX.TO will sell a research and development company it owns and reduce its technology staff, the Wall Street Journal reported, citing people familiar with the matter. The U.S. Justice Department goes before an appeals court to urge a three-judge panel to overturn a lower court ruling and order wireless carrier AT&T Inc (NYSE:T) T.N to undo its $85.4 billion purchase of entertainment company Time Warner, one of the largest media mergers ever. Finland's Amer Sports AMEAS.HE is close to signing a $4.6 billion euro ($5.2 billion) deal to be taken over by a consortium led by China's Anta Sports 2020.HK , said a person with direct knowledge of the transaction. Financial news provider TheStreet Inc TST.O said it will sell its B2B business units, The Deal and BoardEx, to London-based Euromoney Institutional Investor Plc ERM.L for $87.3 million, as it explores wider options for the company. Hopewell Holdings Ltd 0054.HK said a consortium led by its chairman offered to take the Hong Kong-based property and infrastructure group private for HK$21.26 billion ($2.7 billion), sending its stock surging as much as 32 percent. Brazilian miner Vale SA VALE3.SA , the world's top nickel producer, is acquiring the control of Ferrous Resources Ltd., its controlling shareholder Icahn Enterprises LP IEP.O said in a securities filing. A Washington state regulator rejected Canadian electric utility Hydro One Ltd's H.TO proposed acquisition of rival Avista Corp AVA.N , saying the deal would not adequately protect Avista or its customers from political and financial risk. Brazilian antitrust watchdog Cade will begin an investigation that may result in mandatory sales of refineries by state-controlled oil company Petroleo Brasileiro SA PETR4.SA , Cade said in a statement.

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.