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Deals of the day-Mergers and acquisitions

Published 2019-08-23, 04:07 p/m
Updated 2019-08-23, 04:14 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Aug 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Sinclair Broadcast Group Inc SBGI.O completed a $9.6-billion deal to acquire Fox's 22 regional sports networks after the U.S. Justice Department gave its consent.

A group led by investment firm Itausa Investimentos SA ITSA4.SA delivered the highest bid to acquire Brazil's state-controlled oil company Petroleo Brasileiro SA PETR4.SA LPG distribution unit, two people with knowledge of the matter said.

Transat AT TRZ.TO shareholders overwhelmingly voted in favor of Air Canada's AC.TO bid for the leisure group, in a deal that still requires domestic and European regulatory approval.

Russia's A-property group, owned by businessman Albert Avdolyan, has requested approval from the country's antimonopoly service to buy 49% of the Elga coal project from Gazprombank GZPRI.MM , the group said.

Germany's insurer Allianz SE ALVG.DE will acquire Brazil's Sul America SA SULA11.SA auto and property insurance portfolio for 3 billion reais ($734 million) in its largest push into Latin America's biggest economy, it said in a statement.

SoftBank Group Corp-backed 9984.T Indian hospitality startup Oyo will rebrand Hooters Casino Hotel in Las Vegas in a deal that a source with knowledge of the matter said was worth $135 million.

Statkraft has agreed to buy German electric vehicle (EV) charging company E-WALD GmbH, to strengthen its position in the German and European EV charging market, the Norwegian power producer said.

Sumitomo Mitsui Financial Group (SMFG) 8316.T said it would acquire British asset manager TT International, in a move to generate a fee-based revenue and attract Japanese investors hamstrung by low domestic returns.

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Shares in Peppa Pig and PJ Masks-owner Entertainment One ETO.L rose 33% to a record high, surpassing the $4 billion price tag agreed with U.S. toy maker Hasbro HAS.O , in a sign that investors see a chance of a counter offer.

Amazon.com Inc AMZN.O is set to snag a 3.58% minority stake in India's Future Retail FRTL.NS , which operates more than 1,500 stores in India and owns several supermarket brands, including budget department and grocery store chain, Big Bazaar.

Japanese travel agency H.I.S. Co 9603.T has given up its bid for a controlling stake in Unizo Holdings 3258.T , Nikkei Business reported, after a SoftBank-owned firm made a $1.3 billion 'white knight' offer for the hotel operator.

VMware Inc VMW.N said on Thursday it bought two providers of cloud security and cloud developer services in separate deals valued at about $5 billion, as it expands offerings for corporate clients.

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