⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Deals of the day-Mergers and acquisitions

Published 2018-04-17, 04:00 p/m
© Reuters.  Deals of the day-Mergers and acquisitions
GS
-
DBKGn
-
SASY
-
LAGA
-
STLD
-
ISP
-
XRX
-
TNL
-
0267
-
FOHE
-
INBK
-
VDAN
-
CSNA3
-
INTRUs
-
EVDG
-
OTEX
-
ELPL3
-
ELES
-
4901
-
0656
-
MURJ
-

(Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys "R" Us and Fortis Healthcare)

April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Top Xerox Corp (NYSE:XRX) XRX.N shareholders Carl Icahn and Darwin Deason suggested alternatives to the printer maker's proposed merger with Japan's Fujifilm 4901.T , including a plan for the company to monetize some assets. Activist hedge fund Blue Harbour Group LP CEO Cliff Robbins told a conference in New York that Canadian business information management software company Open Text Corp OTEX.TO could be acquired. French healthcare group Sanofi SASY.PA is in exclusive talks to sell its Zentiva European generics drugs arm to private equity firm Advent International for 1.9 billion euros ($2.4 billion), the companies said. Goldman Sachs Group Inc (NYSE:GS) GS.N is likely to expand its consumer bank through small acquisitions, its finance chief said, without ruling out the idea that it might buy a traditional lender, too. Brazilian power distribution company Eletropaulo Metropolitana SA's ELPL3.SA shares soared after the company disclosed two rival takeover bids from European energy firms. Africa's biggest pension fund Public Investment Corporation (PIC) has increased its stake in Murray & Roberts MURJ.J to 20 percent after opposing a takeover offer for the South African engineering group. Bankrupt retailer Toys "R" Us has rejected an $890 million bid for some of its U.S. stores and locations in Canada from the CEO of Bratz doll maker MGA Entertainment Inc, a person familiar with the matter said. India's Fortis Healthcare Ltd FOHE.NS , the target of two rival takeover bids, received an unsolicited investment offer of up to $350 million from a unit of Chinese conglomerate Fosun International 0656.HK , the company said in a regulatory filing. Brazilian steelmaker Companhia Siderurgica Nacional CSNA3.SA is in talks to sell a U.S. unit to Steel Dynamics Inc STLD.O for around $250 million, according to a report in the newspaper O Estado de S. Paulo. Vedanta Ltd VDAN.NS said it got approval from India's designated court for bankruptcy cases to acquire Electrosteel Steels Ltd ELES.NS . Intesa Sanpaolo's ISP.MI board approved a 3.6 billion euro deal with Swedish credit management company Intrum INTRUM.ST that will help the Italian bank to cut its bad loan ratio below a 10 percent threshold. Deutsche Bank DBKGn.DE has ended talks to sell its Indian retail and wealth management business to private lender IndusInd Bank Ltd INBK.NS , two people with knowledge of the matter said. Private equity firm Platinum Equity's acquisition of US hotelier Wyndham Worldwide (NYSE:WYN) Corp's WYN.N European vacation rental business will be backed with an 857 million euro leveraged loan, banking sources said. Concert ticketing firm CTS Eventim EVDG.DE said it had bought a controlling stake in Vivo Concerti, an Italian promoter of concerts and musicals. Czech President Milos Zeman will meet a delegation from Chinese state-run conglomerate CITIC 0267.HK , including chairman Chang Zhenming, his spokesman said, amid reports it could take a stake in another Chinese group's Czech investments. British private equity firm Actis is close to signing a deal to buy the solar power portfolio of Indian conglomerate Shapoorji Pallonji, three people aware of the development said. Lagardere LAGA.PA , the French media group whose assets include Paris Match magazine and Europe 1 radio, said it was selling some eastern European radio assets to energy investor Daniel Kretinsky's Czech Media Invest. New Zealand's Fletcher Building FBU.NZ , announced a NZ$1.25 billion ($920 million) refinancing plan and the proposed sale of its Formica and steel roofing tiles business, while dismissing a report it had become a takeover target.

Latest comments

Loading next article…
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.