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

Deals of the day-Mergers and acquisitions

Published 2019-02-05, 04:08 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Feb 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Canadian fertilizer and farm supply dealer Nutrien Ltd NTR.TO said it would buy Actagro LLC, a privately held maker of soil and plant health products, in a deal valued at $340 million.

Unilever ULVR.L , UNc.AS has acquired British snack brand Graze for an undisclosed price, boosting the group's presence in food, it said.

T-Mobile US Inc TMUS.O told the U.S. Federal Communications Commission on Monday it would not increase prices for three years, with few exceptions, if it gets approval to buy rival Sprint Corp S.N for $26 billion.

General Electric (NYSE:GE) Co GE.N said on Monday it expects to close the merger of its transportation business with Wabtec Corp WAB.N on Feb. 25 and set a record date for distribution of shares.

Abu Dhabi's Mubadala Investment Co has sold 34.9 million common equity shares in Advanced Micro Devices (AMD) AMD.O , a company spokesperson said, and plans to convert 75 million warrants in the U.S chipmaker.

Telecoms operator VEON Ltd VON.AS said it intends to offer 5.30 Egyptian pounds ($0.3005) per share for the 42.3 percent of Cairo-listed Global Telecom Holding it does not already own.

Russian investor Mikhail Fridman moved to take over Spain's Dia DIDA.MC with an offer valuing the struggling discount supermarket chain, in which he owns a 30-percent stake, at more than 400 million euros ($457 million).

HMV, the British music retailer that collapsed after Christmas, has been sold to the owner of Canada's Sunrise Records in a deal that will save 100 stores and 1,487 jobs, its joint administrators said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

British online supermarket Ocado OCDO.L said investment in its partnership deals would hit short-term profits, while remaining tight-lipped about media reports of tie-up talks with Marks & Spencer MKS.L .

European Commission President Jean-Claude Juncker said the EU executive was not needlessly blocking corporate mergers, a comment seemingly aimed at complaints in France and Germany over its expected rejection of a merger between Siemens ' SIEGn.DE and Alstom 's ALSO.PA rail businesses. Germany's government could take stakes in key domestic companies to prevent foreign takeovers, its economy minister said, presenting a marked shift in industrial strategy he said was needed to safeguard the country's prosperity.German Economy Minister Peter Altmaier said that he did not favour getting ministerial approval for deals such as the proposal to merge Siemens Alstom ALSO.PA is unlikely to appeal against an expected rejection by European regulators of its planned deal with Siemens SIEGn.DE , Alstom Chief Executive Officer Henri Poupart-Lafarge told Le Figaro newspaper.

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.