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Deals of the day-Mergers and acquisitions

Published 2019-01-04, 04:03 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Embraer, Banca Carige, Broadcom Inc)

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

** Celgene Corp CELG.O and Bristol-Myers Squibb (NYSE:BMY) Co BMY.N will have to pay $2.2 billion if either of the drugmakers walks away from their $74 billion merger announced on Thursday, according to a regulatory filing. Brazilian President Jair Bolsonaro said he is concerned that a proposed sale of 80 percent of Embraer's EMBR3.SA commercial aviation business to Boeing (NYSE:BA) BA.N could lead to the U.S. planemaker taking over all of the division. Insurer Rothesay Life is planning a 3.5-billion-pound bid for a unit of reinsurance company Swiss Re AG SRENH.S , Sky News reported, putting into question the Zurich-based company's plans to list the British unit in 2019. The Italian government has had preliminary contacts with Banca Carige CRGI.MI over potentially buying the troubled bank's bad loans to try to revive its fortunes, a source close to the matter told Reuters. The Idaho Public Utilities Commission has rejected Canadian electric utility Hydro One Ltd's H.TO proposed C$6.7 billion ($4.97 billion) acquisition of Avista Corp AVA.N , the companies said. An entity controlled by Hudson's Bay Co HBC.TO Chairman Richard Baker will buy the stake owned by a unit of Ontario Teachers' Pension Plan Board in the Canadian retailer, according to L&T B Cayman Inc, a top shareholder in Hudson's Bay and a joint buyer. Norwegian oil company DNO ASA DNO.OL has achieved another slight increase to its stake in Faroe Petroleum Plc FPM.L , it said as it continues its battle for control of the British business. Norwegian stock exchange operator Oslo Bors VPS Holding ASA OSLO.NFF called for potential buyers to come forward, hoping to find a more generous suitor after Euronext NV's ENX.PA 625 million euro ($713 million) offer to buy the company. The U.S. Supreme Court agreed to hear an appeal filed by a subsidiary of Broadcom Inc AVGO.O seeking to put an end to a shareholder lawsuit concerning its 2015 acquisition of Emulex Corp.

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