Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Deals of the day-Mergers and acquisitions

Published 2017-12-05, 03:30 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

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

** Britain's Cineworld Group Plc CINE.L sealed an agreement to buy larger U.S. peer Regal Entertainment Group RGC.N for $3.6 billion in cash, a deal that would create the world's second largest movie theatre operator.

Walt Disney Co DIS.N is in the lead to acquire much of Twenty-First Century Fox Inc's FOXA.O media empire, though rival suitor Comcast Corp CMCSA.O remains in contention, people familiar with the matter said.

Medical device maker Exactech Inc EXAC.O said on Monday TPG Capital raised its offer to buy the company to $737 million cash and its board agreed to the amended terms, saying the offer was in the best interests of shareholders.

Italy's Banca Carige CRGI.MI aims to sell its consumer credit unit to London-based hedge fund Chenavari CCSL.L by Dec. 6 when a vital 560 million euro ($664 million) cash call ends.

South Africa's Sappi SAPJ.J has agreed to buy a speciality paper unit from Switzerland-based Cham Paper Group CPGN.S for 146.5 million Swiss francs ($149 million).

Indonesia plans to acquire Rio Tinto 's RIO.AX , RIO.L 40 percent participating interest in the giant Grasberg copper mine operated by the local unit of Freeport-McMoRan Inc FCX.N, the mining minister said.

An investment vehicle owned by Tsinghua Unigroup Ltd, China's top state silicon chipmaker, has raised its stake in Anglo-German Dialog Semiconductor DLGS.DE to 7.15 percent, according to a regulatory filing.

Nestle NESN.S is buying Canadian vitamin maker Atrium Innovations for $2.3 billion, expanding its presence in consumer healthcare as it seeks to offset weakness in packaged foods.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

It is uncertain who in the U.S. government will carry out an antitrust review of CVS Health (NYSE:CVS) Corp's CVS.N deal to buy health insurer Aetna Inc (NYSE:AET) AET.N, but the drugstore company is likely hoping the potentially more lenient Federal Trade Commission gets the nod, antitrust experts say.

Activist investor Elliott Management has taken a 5.32 percent stake in Uniper UN01.DE, putting pressure on Finland's Fortum FORTUM.HE to sweeten its 8.05 billion euro ($9.51 billion) takeover offer for the German energy company.

Italian cable maker Prysmian PRY.MI is looking at three more M&A targets, its CEO Valerio Battista said, the day after announcing a $3 billion deal to buy U.S. rival General Cable BGC.N.

Groupe Lactalis SA announced plans to buy Brazilian dairy company Itambé Alimentos SA in the first half of 2018, as the French group expands in Latin America's largest economy with its second major acquisition in recent years.

Bank of Nova Scotia BNS.TO said that Banco Bilbao Vizcaya Argentaria S.A. (BBVA) BBVA.MC has formally accepted its offer to buy the Spanish lender's stake in BBVA Chile for about $2.2 billion.

ArcelorMittal's MT.AS bid to buy Italian steel major Ilva may have hit serious snags, but the European Union's steel sector is set to benefit in the short term whether or not there is a deal.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.