Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Deals of the day-Mergers and acquisitions

Published 2018-01-18, 04:04 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
BNPP
-
PEUP
-
NOVOb
-
GKN
-
MRON
-
BAMI
-
TNL
-
EONGn
-
ENQ
-
ABLX
-
HIP
-
ACB
-
1196
-
CMED
-

Jan 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** British engineering group GKN GKN.L dismissed Melrose 's MRON.L 7.4-billion pound ($10.2 billion) hostile bid as "misleading" and denied it was rushing into a break-up.

The largest shareholder in Belgian biotech group Ablynx ABLX.BR regards the 2.6 billion euro ($3.2 billion) offer made by Denmark's Novo Nordisk NOVOb.CO as too low but would be willing to consider a higher figure.

Wyndham Worldwide Corp (NYSE:WYN) WYN.N will buy La Quinta Holdings Inc's LQ.N hotel operations for $1.95 billion, it said on Thursday, adding another well-known U.S. brand and nearly 900 mid-scale, upper mid-scale and economy locations to its portfolio.

Auto parts distributor Realord Group Holdings Ltd 1196.HK said it would buy property assets in Shenzhen for an aggregate 6.22 billion yuan ($968.4 million), in a bid to enhance its investment property portfolio.

France's BNP Paribas BNPP.PA is the frontrunner to buy the depositary banking business of Italy's Banco BPM BAMI.MI, which could be worth around 200 million euros ($245 million), two sources close to the matter said.

Peugeot SA PEUP.PA is "very open" to a potential alliance in Latin America, the chief executive of the French automaker, Carlos Tavares, said during a media briefing.

Canadian cannabis producer CanniMed Therapeutics Inc CMED.TO said it has postponed a shareholder vote on its proposed takeover of Newstrike Resources Ltd HIP.V to allow it to discuss a possible transaction with hostile suitor Aurora Cannabis Inc ACB.TO.

North Sea-focused oil and gas producer EnQuest ENQ.L has hired investment bank Jefferies to advise on a sale of a 20 percent stake in its recently-started Kraken field, according to a document seen by Reuters.

The German state of Bavaria could sell its 1.44-percent stake in energy firm E.ON EONGn.DE to fund the development of new housing, its finance minister Markus Soeder said.

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.