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Deals of the day- Mergers and acquisitions

Published 2016-03-09, 03:56 p/m
© Reuters.  Deals of the day- Mergers and acquisitions
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(Adds Teva Pharmaceuticals, Lyondell Basell Industries,
Mediaset , Corus Entertainment, Intel Corp , Mediaset)
March 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2045 GMT on
Wednesday:

** Teva Pharmaceutical Industries (NYSE:TEVA) TEVA.TA is expected to
win EU antitrust approval for its $40.5 billion bid for
Allergan's AGN.N generics unit after agreeing to sell off some
of its products to appease regulators, three people familiar
with the matter said on Wednesday. Lyondell Basell Industries LYB.N Chief Executive Bob
Patel said on Wednesday the chemical company may at some stage
sell its 263,776 barrel per day (bpd) Houston refinery.
Silvio Berlusconi's broadcaster Mediaset MS.MI is close
to selling its pay-TV unit to Vivendi VIV.PA , three sources
close to the matter said, a move that would strengthen the
French media group's grip on Italy. Minority shareholders in Corus Entertainment Inc
CJRb.TO voted in favor of the media company's planned C$2.65
billion purchase of Shaw Media from its sister company Shaw
Communications Inc SJRb.TO . Intel Corp INTC.O said it bought Israel's Replay
Technologies, which developed a 3D video technology that has
started to be used by U.S. professional sports
broadcasters. Toshiba Corp 6502.T has granted Canon Inc 7751.T
exclusive negotiating rights for its medical equipment unit
after a hotly contested auction, with a report putting Canon's
offer at more than $6 billion. Burberry BRBY.L has been told by HSBC that a stake of
nearly 5 percent built up in the British luxury brand was the
result of a series of trades by client funds rather than done on
behalf of a single investor, dampening hopes of a potential
takeover bid. India is set to raise about $170 million from the sale of
a 5 percent stake in state-run Container Corp CCRI.NS , with
institutional investors bidding for twice the number of shares
on offer for them on the first day of the sale.

** Russian state conglomerate Rostec wants to merge its
Novikombank with other banks to turn it into a top 10 player in
the country, Rostec CEO Sergei Chemezov told TASS news agency in
an interview. Sharp Corp's 6753.T two main banks are set to lower
interest rates on billions of dollars in loans and offer other
financial support as part of a planned takeover by Taiwan's
Foxconn 2354.TW , a source with direct knowledge of the plan
said. G4S (CO:G4S) GFS.L , the world's largest security firm, said it
planned to sell more of its businesses in the next two years,
after it took an additional 65 million pound ($92.5 million)
charge on onerous British government contracts, including
services for asylum seekers. India's Crompton Greaves Ltd CROM.NS said it would sell
its overseas power business to a U.S. private equity fund for an
enterprise value of 115 million euros ($126 million), to pay
down debts and invest in faster growing Indian businesses.
China's Hunan Valin Iron and Steel Group said on
Wednesday it supported a proposed tie-up between top iron ore
producers Vale VALE5.SA of Brazil and Australia's Fortescue
Metals Group, in which it is a shareholder.

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