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Deals of the day-Mergers and acquisitions

Published 2020-12-21, 09:36 a/m
© Reuters.
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(Adds Aon (NYSE:AON), Willis Towers Watson, Fiat Chrysler, PSA, RealPage , Reliance Industries , Amazon, Naturgy, Allianz, PPL and Rent-A-Center; Updates Diamondback)

Dec 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** U.S. oil producer Diamondback Energy Inc FANG.O agreed to buy two rivals for a combined $3.2 billion including debt, continuing a consolidation spurred by the coronavirus pandemic-induced oil downturn. Aon's AON.N $30 billion bid for Willis Towers Watson WLTW.O to create the world's largest insurance broker faces a five-month long investigation after EU antitrust regulators voiced concerns that the deal may hurt competition in key markets. Fiat Chrysler FCHA.MI and French rival PSA PEUP.PA gained EU antitrust approval for their $38 billion merger to create the world's No.4 carmaker after pledging to boost Japanese rival Toyota Motor 7203.T . RealPage Inc RP.O said it would be bought by private-equity firm Thoma Bravo in an all-cash transaction that valued the property management software provider at about $10.2 billion, including debt. An Indian court left it to regulators to decide the fate of the $3.38 billion sale of Future Group's retail assets to Reliance Industries Ltd RELI.NS , but allowed U.S. partner Amazon.com Inc AMZN.O to raise objections to it. Spanish energy group Naturgy NTGY.MC is considering teaming up with Germany's Allianz ALVG.DE to buy PPL Corp (NYSE:PPL)'s PPL.N British subsidiary Western Power Distribution, the Expansion newspaper reported, citing unnamed sources. Rent-A-Center Inc RCII.O said it would buy Acima Holdings LLC for $1.65 billion in a cash-and-stock deal as it looks to build out its fintech platform across traditional and online lease-to-own businesses. Agios Pharmaceuticals Inc AGIO.O said it had agreed to sell its cancer business to privately held company Servier for potentially $2 billion, as the drugmaker looks to raise money to focus on its genetic disorder disease portfolio. Vodafone VOD.L has ended talks with the Saudi Telecom Company 7010.SE over the $2.4 billion sale of its 55% shareholding in Vodafone Egypt VODE.CA , the British company said on Monday, reaffirming its commitment to the country. Cenovus Energy Inc CVE.TO and Husky Energy Inc HSE.TO have received all key regulatory approvals required for their proposed merger to create Canada's No. 3 oil and gas producer, the companies said. International Business Machines (NYSE:IBM) IBM .N will acquire European startup Nordcloud, the latest in a series of acquisitions for the 109-year-old firm preparing a mega spin-off to focus on cloud computing.

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