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Deals of the day-Mergers and acquisitions

Published 2017-10-20, 09:03 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Oct 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1300 GMT on Friday:

** E*Trade Financial Corp ETFC.O plans to spend $275 million to acquire a firm that provides custody services and technical support to financial advisers, the discount brokerage firm said on Thursday.

Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc ADP.O, on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.

Russia's biggest oil company, Rosneft ROSN.MM, has agreed to take control of Iraqi Kurdistan's main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Baghdad's military action sparked by a Kurdish vote for independence.

South Korea's Ssangyong Motor Co Ltd 003620.KS said it is reconsidering establishing a joint venture in China due to diplomatic tension between Seoul and Beijing over the deployment of a U.S. missile defence system.

British Business Secretary Greg Clark will hold talks in Canada to discuss Airbus SE's AIR.PA plans to buy a majority stake in Bombardier's BBDb.TO C-Series jetliner program aimed at helping it avoid high U.S. import tariffs.

The world's largest oil trader Vitol Group is nearing a deal to buy Noble Group's NOBG.SI global oil liquids business, which analysts had valued at about $1 billion, three people familiar with the matter said.

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