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Deals of the day-Mergers and acquisitions

Published 2019-04-18, 04:00 p/m
Updated 2019-04-18, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds Canopy Growth, National Enquirer; Updates ConocoPhillips (NYSE:COP))

April 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** The National Enquirer is being sold for $100 million to James Cohen, chief executive of Hudson News, the Washington Post reported, citing people familiar with the agreement. Canopy Growth Corp WEED.TO , CGC.N said it had secured a right to buy Acreage Holdings Inc ACRGu.CD for $3.4 billion once the United States legalizes the production and sale of cannabis. U.S. energy group ConocoPhillips COP.N has agreed to sell its oil and gas assets in the British North Sea to private equity-backed Chrysaor for $2.68 billion, Conoco said, making Chrysaor the biggest producer in the region this year. Kenya's biggest lender by assets KCB Group KCB.NR has offered to buy National Bank of Kenya NBK.NR through a share swap consisting of one KCB share for every 10 of NBK, joining a wave of consolidation in the country's banking industry. Canadian marijuana producer Canopy Growth Corp WEED.TO is close to a deal to buy U.S.-based pot firm Acreage Holdings ACRGu.CD , a source familiar with the matter told Reuters on Wednesday. German lighting group Osram OSRn.DE said that talks with Bain Capital and Carlyle Group CG.O were continuing, after Manager Magazin said the private equity firms could walk away from a possible takeover.

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