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Deals of the day- Mergers and acquisitions

Published 2016-07-07, 06:14 a/m
© Reuters.  Deals of the day- Mergers and acquisitions
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July 7 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1000 GMT on Thursday:

** France's Danone DANO.PA said on Thursday it would
double the size of its U.S. business by buying organic food
producer WhiteWave Foods Co WWAV.N in a deal that values the
company at $12.5 billion including debt. Canadian oil producer Paramount Resources Ltd POU.TO
agreed to sell some of its Deep Basin oil and gas properties in
Alberta to Seven Generations Energy Ltd VII.TO for about C$1.9
billion ($1.47 billion). Security software company Avast Software said it would
buy Dutch rival AVG Technologies AVG.N for $1.3 billion in
cash to expand in emerging markets. Bankrupt renewable power plant developer SunEdison Inc
SUNEQ.PK has asked a U.S. bankruptcy court judge to approve
the sale of its stake in a California solar project to an
affiliate of hedge fund D.E. Shaw. British waste manager Shanks Group Plc SKS.L said it
was in talks to buy Dutch recycler van Gansewinkel Groep BV
(VGG) for about 440 million euros ($487.4 million) in cash and
stock, on a debt-free, cash-free basis. BM&FBovespa SA BVMF3.SA , Latin America's largest
financial exchange operator, has paid 44 million reais ($13.2
million) for a 10 percent stake in the Colombian stock exchange,
the company said in a securities filing on Wednesday.
China's HNA Group and a firm backed by Hong Kong tycoon
Li Ka-shing are among the suitors advancing to a second round of
bidding for CIT Group's CIT.N aircraft leasing assets valued
at between $3 billion and $4 billion, people familiar with the
situation said. China's HNA Group said on Thursday that the 63.6 percent
of the voting rights and shares in Gategroup GATE.S it now
owned are sufficient for its takeover bid for the Swiss airline
catering firm to succeed, waiving the minimum acceptance level
it had set previously.

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