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Deals of the day-Mergers and acquisitions

Published 2018-02-07, 09:17 a/m
© Reuters.  Deals of the day-Mergers and acquisitions

Feb 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1415 GMT on Wednesday:

** Tronc Inc TRNC.O said it would sell some newspapers, including the Los Angeles Times and the San Diego Union-Tribune, to billionaire biotech investor Patrick Soon-Shiong for $500 million in cash.

TerraForm Power TERP.O, controlled by Canada's Brookfield Asset Management BAMa.TO, has launched a 995-million euro ($1.2 billion) takeover bid for Spanish renewable energy firm Saeta Yield SAY.MC to expand its presence in Western Europe.

Finnish utility Fortum FORTUM.HE fell short of gaining majority control of German peer Uniper UN01.DE with its 8.05 billion euro ($10 billion) takeover offer, after Uniper's management advised shareholders not to tender their shares.

A deal to sell National Bank of Greece's insurance unit to U.S. and Dutch investors looked as though it might unravel after a legal row erupted between the two buyers.

Perry Ellis International Inc's PERY.O former chairman, George Feldenkreis, offered to buy the clothing company for $430 million with a plan to take the company private.

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