Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Deals of the day-Mergers and acquisitions

Published 2018-01-19, 04:04 p/m
Updated 2018-01-20, 04:10 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

Jan 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** A group of investors led by SoftBank Group Corp 9984.T closed a deal with Uber Technologies Inc UBER.UL, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

The U.S. government will not approve any investment by HNA Group HNAIRC.UL until the Chinese conglomerate, which has been scrutinized around the world over its ownership structure, provides adequate information on who its shareholders are, a source familiar with the situation said.

China's HNA HNAIRC.UL said it had hired banks to look for buyers of its majority stake in Spain's NH Hotel Group NHH.MC, just days after NH turned down a takeover offer from Spanish peer Barcelo.

Ajit Jain, who was recently appointed a vice-chairman of Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc BRKa.N, on Thursday reported ownership of roughly $109 million of the conglomerate's stock.

Canadian marijuana producer Aurora Cannabis Inc ACB.TO is in talks with rivals CanniMed Therapeutics Inc CMED.TO and Newstrike Resources Ltd HIP.V to acquire both companies in a friendly deal, people familiar with the situation told Reuters.

Fortum FORTUM.HE has received just 46.93 percent of shares in German energy group Uniper UN01.DE, which the Finnish company is trying to buy via a 8.05 billion euros ($9.88 billion) takeover bid.

Lincoln Financial Group LNC.N said it would buy fellow insurer Liberty Life Assurance Co of Boston for about $3.3 billion from Liberty Mutual to boost its presence in the group benefits market.

Urenco, the world's second largest nuclear fuel vendor after Russia's Tenex, said it was not in discussion with the Japanese government about the sale of its business.

Boeing (NYSE:BA) Co BA.N is working to overcome the Brazilian military's objections to its proposed tie-up with Embraer SA EMBR3.SA with alternatives that would preserve the government's strategic veto rights and ensure safeguards for its defense programs, four people familiar with the matter told Reuters.

The European Bank for Reconstruction and Development (EBRD) is in talks over a possible sale of a 15-percent stake in mid-sized Russian bank SDM to Expobank, two sources close to the talks told Reuters.

Biotest BIOG.DE said that it has sold its U.S. operations, allaying national security concerns by U.S. authorities and paving the way for the German company's sale to a Chinese investor.

Italian airports and motorway operator Atlantia ATL.MI said it would call a shareholder meeting to vote on changes to its offer for Spanish rival Abertis ABE.MC, as it seeks to strengthen its hand in a bid battle.

Sika's SIK.S rising share price could bring an end to a long-running takeover fight with French construction group Saint-Gobain SGOB.PA, Sika CEO Paul Schuler told Finanz und Wirtschaft in an interview.

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.