News: Deals of the day-Mergers and acquisitions

  1. 106,017 Posts.
    lightbulb Created with Sketch. 1098

    April 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1300 GMT on Thursday:

    ** Italian toll-road operator Atlantia ATL.MI has tapped banks to finance an upcoming cash-and-share bid for Spanish rival Abertis ABE.MC , sources told Reuters, as it seeks to create an industry giant with a market value of more than 35 billion euros ($38 billion).

    ** Bankers are working on debt financings of around 1.1 billion euros to back a potential sale of French nursing home company DomusVi, banking sources said.

    ** Austrian energy and petrol station group OMV OMVV.VI is to buy a 40-percent stake in Smatrics, a company that provides charging points for electric cars, owned by hydropower firm Verbund VERB.VI and Germany's Siemens SIEGn.DE , the Austrian companies said.

    ** John Fredriksen's Frontline FRO.OL is switching its legal battle for control of tanker operator DHT Holdings DHT.N from New York to the tiny Marshall Islands after making a fifth offer for the company this week.

    ** Exiger, a firm that helps businesses monitor compliances such as money laundering regulations, has agreed to buy Canadian startup OutsideIQ for C$30 million ($22.17 million), according to a person familiar with the agreement.

    ** RWE RWEG.DE is not planning to sell additional shares in its Innogy IGY.DE unit at the moment, its chief executive said, dashing expectations for a large deal that were fuelled by a media report last month.

    ** Hungarian businessman Tamas Szemerey plans to boost his stake in MKB Bank and is looking at more acquisitions in the sector after taking a 20.2 percent indirect stake in MKB, he told newspaper Magyar Idok.

    ** Assicurazioni Generali GASI.MI does not consider as strategic a 3 percent holding in Intesa Sanpaolo ISP.MI it bought to fend off a potential stake-building by the Italian bank, its chief executive said.

    ** The loss of a multi-billion dollar contract with Anthem Inc ANTM.N comes with a silver lining for some shareholders of Express Scripts Holding Co ESRX.O : a higher likelihood that the pharmaceutical benefits manager (PBM) gets scooped up in a deal.

    ** German chemicals giant BASF BASFn.DE said it would continue to push for acquisitions to shore up its crop protection business, after the antitrust-related sale of assets from the merger of Dow Chemical DOW.N and DuPont DD.N left it empty-handed.

    ** Italian railways group Ferrovie dello Stato has not been contacted about taking a stake in loss-making airline Alitalia and at the moment has no interest in riding to its rescue, a spokesman for the state-owned company said.

    ** Lufthansa LHAG.DE said it was not interested in buying Italian rival Alitalia, whose future is unclear after workers this week ruled out a rescue plan.

    ** Intesa Sanpaolo ISP.MI does not have a plan B for loss-making Italian carrier Alitalia and it is not the lender's business to manage airlines, its chief executive Carlo Messina said.

    ** Acquisition talks between Beijing Xinwei Technology Group 600485.SS and Israeli satellite operator Space Communications SCC.TA remain frozen, a senior Spacecom official was quoted as saying.

    ** Israeli real estate developer Gazit-Globe GZT.TA said its wholly owned subsidiary Gazit Brasil bought the remaining 30 percent stake it didn't own in the Extra Itaim property in Sao Paulo for 94 million reais ($30 million).

    ** Swedish investment firm Kinnevik KINVb.ST said it had bought an 18.5 percent stake in Swedish cable-tv firm Com Hem COMH.ST as it presented its first-quarter report.

    ** Cenovus Energy Inc CVE.TO CVE.N won about 87 percent of shareholders' votes for its board of director slate on Wednesday, below previous near-unanimous approvals, as some voters protested the company's C$17 billion ($12.6 billion) purchase of ConocoPhillips COP.N assets.

    ** Mexican telecoms company America Movil AMXL.MX has submitted its proposal for separating a part of its fixed-line unit Telmex from the rest of the company, and expects approval in coming months, a company executive said Wednesday.

    ** Clariant AG CLN.S is still scanning for small- or mid-sized acquisitions but is not dependent on takeovers to meet its mid-term targets for boosting profitability and return on capital, Chief Financial Officer Patrick Jany said.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.