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Deals of the day-Mergers and acquisitions

Published 2019-07-17, 04:05 p/m
Updated 2019-07-17, 04:10 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

July 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Dutch optical retailer GrandVision NV GVNV.AS said it was approached by EssilorLuxottica SA ESLX.PA and HAL Holding NV for a possible transfer of HAL's majority stake in the company to the French eyewear group.

Japan's Takeda Pharmaceutical Co 4502.T has reached out to prospective bidders for a portfolio of drugs for sale in western Europe as it seeks to trim its debt following the $59 billion purchase of Shire, sources close to the matter told Reuters.

Curaleaf Holdings Inc CURA.CD will buy fellow U.S. cannabis cultivator and retailer GR Companies Inc (Grassroots) in an $875 million cash-and-stock deal, expanding its reach when more U.S. states are expected to legalize recreational use of marijuana.

Rothschild has agreed to buy a minority stake in British stockbroking and financial services firm Redburn for an undisclosed amount of money, as regulatory pressures push smaller companies to consolidate with larger players.

Activist investor Elliott ECAL.UL has disclosed a stake in Britain's Saga Plc SAGAG.L , less than a month after the specialist tourism and insurance firm warned that discounting was taking a heavy toll on its tours business.

Italy's largest phone company, Telecom Italia TLIT.MI , is considering a plan to sell assets worth around 2 billion euros ($2.2 billion), including a stake in its separately listed INWIT INWT.MI towers unit, La Repubblica daily said.

France's Renault SA RENA.PA said it would invest $145 million in a unit of China's Jiangling Motors Corporation Group (JMCG) that will allow it to expand its electric vehicle manufacturing footprint in the world's largest auto market.

Britain's BT Group BT.L said it would sell its global headquarters to a fund managed by European private equity company Orion Capital Managers for 209.6 million pounds ($260.2 million).

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