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Deals of the day-Mergers and acquisitions

Published 2015-11-20, 06:09 a/m
© Reuters.  Deals of the day-Mergers and acquisitions
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Nov 20 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1100 GMT on Friday:

** The U.S. Treasury Department on Thursday took steps to
clamp down on tax-avoiding "inversion" deals with new rules,
though there was scarce evidence they would stop the biggest
inversion of them all, between Pfizer Inc (N:PFE) PFE.N and Allergan (N:AGN_pa)
Plc AGN.N .
The $150 billion proposed deal, still under negotiation,
would see New York-based Pfizer redomicile in Ireland, where
Botox-maker Allergan is registered. urn:newsml:reuters.com:*:nL1N13E307

** German automotive supplier Duerr DUEG.DE has bought
Indian industrial cleaning systems specialist Mhitraa
Engineering Equipment to strengthen its offering for entry-level
car and motorcycle manufacturers and engine suppliers.
urn:newsml:reuters.com:*:nFWN13F00E

** Swedish mining equipment and compressor maker Atlas Copco
ATCOa.ST said on Friday it would buy the vacuum business of
Switzerland's OC Oerlikon OERL.S for an enterprise value of
486 million euros ($520 million) in cash. urn:newsml:reuters.com:*:nL8N13F0HF

** Ireland-based Horizon Pharma Plc HZNP.O said it has
withdrawn its offer to acquire Depomed Inc DEPO.O following a
court ruling that granted Depomed's motion for preliminary
injunctive relief on Horizon's alleged used of confidential
information. urn:newsml:reuters.com:*:nL1N13F06E

** AB Electrolux's ELUXb.ST CEO argued on Thursday that
his company should be allowed to buy General Electric's GE.N
appliance business despite documents describing a consolidated
U.S. market, saying the GE deal would not push up prices for
consumers. urn:newsml:reuters.com:*:nL1N13E2Y6

** Canada's BCE Inc BCE.TO is expanding its control of HBO
content in Canada, scooping up distribution rights in the west
of the country from Corus Entertainment Inc CJRb.TO and inking
an extensive deal with the premium U.S. cable network that
includes online delivery. urn:newsml:reuters.com:*:nL1N13E35B

** Privately held chipmaker Montage Technology Group said it
is willing to start a cash tender offer to acquire Pericom
Semiconductor Corp PSEM.O , indicating the bid might turn
hostile. Montage is competing with Diodes Inc DIOD.O to buy
Pericom. urn:newsml:reuters.com:*:nL3N13F032

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