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Deals of the day-Mergers and acquisitions

Published 2017-08-14, 04:03 p/m
Deals of the day-Mergers and acquisitions

Aug 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** U.S. pipeline operator Andeavor Logistics LP ANDX.N said it would buy rival Western Refining Logistics LP WNRL.N for $1.5 billion as it seeks to expand into the Permian Basin in Texas and New Mexico.

Apparel and footwear maker VF Corp (NYSE:VFC) VFC.N said it would buy privately held Williamson-Dickie Mfg. Co, the owner of Dickies and Workrite workwear, for about $820 million in cash.

Canadian integrated oil company Husky Energy Inc HSE.TO said it is buying a refinery in the United States from Calumet Specialty Products Partners LP CLMT.O for $435 million in cash.

The Hut Group said it acquired Berlin-based cosmetics subscription service provider Glossybox from majority shareholders Rocket Internet RKET.DE and Kinnevik Online.

A unit of Chinese conglomerate Fosun Group's pharmaceutical business said it is bidding for a stake in U.S. speciality drugmaker Arbor Pharmaceuticals LLC.

A proposed merger deal between British mail delivery company DX Group DXDX.L and logistics group John Menzies MNZS.L collapsed after months of fraught negotiations, with the two sides unable to agree terms.

Shares in French food group Danone DANO.PA rose on Monday after the New York Post newspaper said in a report over the weekend that Danone could be a takeover target.

Stada STAGn.DE warned that even fewer retail investors have so far tendered their shares in the planned takeover of the German generic drugmaker than at the same stage during the previous, failed attempt to get a deal done.

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German energy group RWE RWEG.DE is considering all options in the planned sale of E.ON's EONGn.DE 46.65 percent stake in Uniper UN01.DE, its chief executive said, fuelling expectations that the group might submit a bid.

SoundCloud, the world's most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding, insulating it from potentially running out of cash this year.

Cruise operator Genting Hong Kong Ltd 0678.HK said it, Apollo Funds and TPG Fund have agreed to sell an aggregate 6.58 percent of shares in Norwegian Cruise Line Holdings Ltd NCLH.O with market value of $428 million to third party investors.

Chinese news aggregator Toutiao, backed by Sequoia Capital and CCB International, is raising at least $2 billion at a valuation of over $20 billion in its latest funding round, people familiar with the matter told Reuters.

India's Tata Steel Ltd TISC.NS has received regulatory approval for a deal to cut its UK pension scheme liabilities, it said on Friday, paving the way for a possible merger between its British and European steel businesses and those of Germany's Thyssenkrupp TKAG.DE.

Kroton Educacional SA KROT3.SA will seek to expand in Brazilian regions where it does not yet operate and in onsite campuses, as the country's No. 1 for-profit education firm aims to resume growth following antitrust rejection of a local takeover.

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