Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Deals of the day- Mergers and acquisitions

Published 2016-01-04, 04:15 p/m
© Reuters.  Deals of the day- Mergers and acquisitions
GM
-
ALUA
-
REP
-
CARLb
-
NOKIA
-
MCHP
-
JKX
-
0017
-
SIAL
-
DLGS
-
ATML
-
ACHC
-
COS
-
CARLa
-
SU
-
TAHL
-

(Adds Johnson and Johnson and others; updates Suncor Energy ,
Acadia Healthcare )
Jan 4 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2115 GMT on Monday:

** Johnson and Johnson JNJ.N is seeking to sell its
manufacturer of active pharmaceutical ingredients, Noramco, in a
move that could value the division at as much as $800 million,
according to people familiar with the matter.

** Microchip Technology Inc MCHP.O is planning to submit a
binding offer for Atmel Corp ATML.O by early next week,
according to people familiar with the matter, challenging
Atmel's planned merger with Dialog Semiconductor Plc DLGS.DE .


** Canada Pension Plan Investment Board (CPPIB) said it had
agreed to buy a student housing portfolio in the United States
for around $1.4 billion, in partnership with Singapore wealth
fund GIC and The Scion Group.

** Suncor Energy Inc's SU.TO top executive said on Monday
it was "conceivable but highly improbable" that Suncor will
extend a C$4.3 billion ($3.08 billion) hostile takeover bid for
Canadian Oil Sands Ltd COS.TO beyond this week's deadline.


** Acadia Healthcare Co Inc ACHC.O said it was buying
Priory Group, a private behavioral care provider in the United
Kingdom, for about 1.5 billion pounds ($2.2 billion) including
debt of 925 million pounds.

** General Motors (N:GM) Inc GM.N and Lyft Inc announced an
alliance to develop an on-demand network of autonomous vehicles
as well as a $500 million investment by the automaker as part of
a $1 billion fund-raising round by the ride-sharing service.

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


** Italy's Industry Minister Federica Guidi signed a decree
that will kick start the sale of assets belonging to the
struggling Ilva steel plant, according to a statement.


** Norwegian oil firm OKEA has taken over Repsol's REP.MC
60-percent stake in the Yme North Sea oilfield, its chief
executive told Reuters.

** Tallgrass Energy Partners LP TEP.N said it would buy an
additional 31.3 percent stake in Tallgrass Pony Express Pipeline
LLC for about $743.6 million from Tallgrass Development LP.


** China Ocean Shipping Group Co (COSCO) COSCO.UL and
China Shipping Group Co CNSHI.UL will become a new entity
after merging, led by the latter's current chairman, China's
state-owned assets regulator said.

** Finland's Nokia NOKIA.HE said it has gained control of
French counterpart Alcatel-Lucent ALUA.PA following its
15.6-billion-euro ($17 billion) all-share offer and the two
telecom equipment makers would start to combine their operations
next week.

** JKX Oil & Gas Plc JKX.L urged shareholders to vote
against a call by its second-largest shareholder, Proxima
Capital Group Inc, to shake up the energy company's board.


** Singapore Airlines (SIA) SIAL.SI raised the price of
its cash offer to buy all shares in Tiger Airways TAHL.SI that
it does not already own to try to seal the privatization of the
budget carrier.

** Danish brewer Carlsberg (CO:CARLa) CARLb.CO will not pursue
takeovers for the time being as it focuses on cutting costs at
its core Russian business, its chairman told daily Berlingske in
an interview published on Monday.

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

** Real estate developer New World Development Co Ltd
0017.HK plans to make an offer to take its 69 percent-owned
China property unit private, in a deal that could be worth $2.1
billion, Bloomberg reported on Monday, citing a person with
knowledge of the matter.

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.