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Deals of the day-Mergers and acquisitions

Published 2017-11-16, 06:03 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Nov 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:

** Premier Oil PMO.L is seeking buyers for a 25 percent stake in the Tuna field development in Indonesia after reaching a gas sale deal with Vietnam, Chief Executive Tony Durrant said.

Japan's SoftBank Group Corp 9984.T plans to invest as much as $25 billion in Saudi Arabia over the next three to four years, Bloomberg reported, citing people familiar with the matter.

Time Inc TIME.N is in talks with Meredith Corp MDP.N again to sell itself in a potential deal backed by billionaire brothers Charles Koch and David Koch, the New York Times reported.

A Jardine Matheson company has built up an 8 percent stake worth $911.5 million in Vinamilk VNM.HM, Vietnam's biggest-listed company, highlighting a strong interest from foreign groups to expand in one of Asia's fastest-growing economies.

Australian gas producer Santos Ltd STO.AX said it rejected a A$9.5 billion ($7.2 billion) takeover approach in August, sending its shares up on speculation another offer was likely to emerge.

Advertising giant WPP WPP.L said it would be prepared to raise its stake in Japanese partner Asatsu-DK Inc (ADK) 9747.T to 33 percent from 25 percent if a disputed tender offer for the company by Bain Capital failed.

Ecuadorean state-owned oil firm Petroamazonas will sign an agreement this month to settle $300 million in unpaid bills from oil services company Schlumberger, an arrangement that includes a five-year financing deal, the Oil Ministry said.

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The U.S. Justice Department has approached 18 state attorneys general to try to win their support for an antitrust lawsuit to block pay TV and wireless powerhouse AT&T (NYSE:T) Inc's T.N $85.4 billion deal to buy Time Warner Inc (NYSE:TWX) TWX.N, a person briefed on the matter said.

Australian accounting software provider Reckon Ltd RKN.AX said it would sell its accounting practice management software business to MYOB Group MYO.AX for A$180 million ($136.57 million) in an all-cash deal to pay off debt. Mattel Inc MAT.O has rebuffed Hasbro Inc 's HAS.O latest takeover approach, people familiar with the matter said, casting uncertainty over the potential combination of the world's two largest toy companies.

The BBC's commercial arm is considering a 500-million-pound ($658.55 million) bid for full control of broadcaster UKTV, the Daily Telegraph newspaper reported, citing sources.

Canada's BlackBerry Ltd BB.TO, BB.N said it agreed to allow Teletry, a unit of patent licensing firm Marconi Group, to sub-license a broad range of its patents to global smartphone manufacturers.

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