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Deals of the day-Mergers and acquisitions

Published 2020-10-05, 04:00 p/m
Updated 2020-10-05, 04:06 p/m
© Reuters.

(Adds Engie, Intesa Sanpaolo , Newlat Food , CoreLogic; Updates Calfrac, Bristol Myers Squibb, Veolia)

Oct 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** France's Engie ENGIE.PA said its board has approved Veolia's VIE.PA 3.4 billion euros ($4.00 billion) offer for the bulk of its stake in water and waste management company Suez SEVI.PA . Intesa Sanpaolo ISP.MI has agreed to buy a 69% stake in Switzerland's REYL & Cie, the two companies said, in a deal that will merge the Italian bank's Swiss private banking business with its Geneva-based rival. Milan-listed Newlat Food NWLF.MI said it had made a non-binding offer for Hovis, the 134-year old British bread maker, which is owned by Premier Foods PFD.L and The Gores Group. CoreLogic Inc CLGX.N shareholder Kennedy Enterprises said it will vote against the proposed takeover bid from investment firms Cannae Holdings CNNE.N and Senator Investment Group for the U.S. property data and analytics firm. Calfrac Well Services Ltd CFW.TO investor Wilks Brothers LLC raised its hostile bid for the oilfield services company to as much as 25 Canadian cents per share from a prior 18 Canadian cents. Bristol Myers Squibb Co BMY.N said it would buy MyoKardia Inc MYOK.O for about $13 billion to bolster its portfolio of heart disease treatments, ahead of the potential loss of sales exclusivity of some of its blockbuster drugs. France's Veolia VIE.PA edged closer to buying a big stake in rival Suez SEVI.PA after another suitor walked away, but still faces strong resistance to its ambition of a full takeover to create a global waste and water giant. TC PipeLines LP TCP.N said top shareholder TC Energy Corp TRP.TO offered to buy the rest of the natural gas pipelines operator in a deal that valued the company at about $1.48 billion. Spanish lenders Unicaja UNI.MC and Liberbank LBK.MC , which called off merger talks last year, confirmed they were in conversations about a potential tie-up to create the country's fifth-biggest lender with over 100 billion euros ($117.38 billion) in total assets. Shares in K+S SDFGn.DE rose 19% after the German minerals company confirmed it was in advanced talks to sell its North and South American salt business to Stone Canyon Industries Holdings for $3.2 billion. Italy's biggest payments firm Nexi NEXII.MI announced a long-awaited merger with rival SIA to create a group with 1.8 billion euros ($2 billion) in annual revenue that looks to expand further in Europe. Weir Group Plc WEIR.L said it had agreed to sell its oil and gas division to U.S. heavy equipment maker Caterpillar Inc (NYSE:CAT) CAT.N for $405 million in cash, as the engineering company focuses on its mining business. HiQ Hiq.ST shareholders representing 89% of the IT consultancy firm's share capital have accepted the buyout offer for the group from private equity firm Triton. Sweden's Lundin Energy LUNE.ST will buy stakes in several oil discoveries in the Norwegian Arctic Barents Sea from Japan's Idemitsu 5019.T in a $125 million deal. China's Alibaba (NYSE:BABA) BABA.N plans to acquire a stake of up to 9.99% in Swiss duty free group Dufry DUFN.S , Dufry said, as it announced a new Chinese joint venture with the tech giant. Japan's NEC Corp 6701.T said it will buy Swiss financial software company Avaloq Group AG for 2.05 billion Swiss francs ($2.2 billion), a move that will spearhead its entry globally into finance software. Italy's Newlat Food NWLF.MI has presented a preliminary, non-binding offer to buy Hovis, the 134-year-old British bread maker, a source with knowledge of the matter said on Sunday. Brazilian state-run oil company Petrobras has reached an agreement to sell its fuel distribution business in Uruguay to Spain's DISA Corporacion Petrolifera for $61.7 million, it said in a securities filing on Friday. Noble Energy NBL.O shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp (NYSE:CVX) CVX.N , making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. Indian oil-to-telecoms conglomerate Reliance Industries Ltd RELI.NS said on Saturday Singapore sovereign wealth fund GIC and global private equity firm TPG Capital invested a combined 73.50 billion rupees (about $1 billion) in its retail unit.

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