Get 40% Off
☕ Buy the dip? After losing 17%, Starbucks sees an estimated 20% upside. See the top Undervalued stocks!Unlock list

Deals of the day-Mergers and acquisitions

Published 2017-10-02, 09:45 a/m
© Reuters.  Deals of the day - Mergers and acquisitions

Oct 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Snow Park Capital Partners LP has built a stake in retail-focused real estate investment trust Cedar Realty Trust Inc CDR.N and is urging it to explore strategic options, including a potential sale, according to two people familiar with the matter.

Dynavax Technologies Corp DVAX.O, a biotechnology company focused on drugs that harness the immune system to combat disease, is reviewing strategic options for its hepatitis B vaccine, which could include a potential sale or licensing deal, people familiar with the matter said. {nL2N1M72GW}

** Global Logistic Properties GLPL.SI, Asia's biggest warehouse operator, agreed to acquire European logistics platform Gazeley for about $2.8 billion, marking its first push into Europe and underscoring consolidation in the buoyant sector.

Noble Group Ltd NOBG.SI expects to sell its oil liquids business by the end of December as part of a plan to slim down drastically and focus on its core Asian coal trading business after a crisis-wracked two years.

Malaysia's Petronas Chemicals Group Bhd PCGB.KL said it plans to sell 50 percent of a polymers unit to Saudi Aramco's wholly owned subsidiary, Aramco Overseas Holdings Coöperatief U.A. for $900 million.

Embattled Indian telecom company Reliance Communications Ltd RLCM.NS faced another setback on Sunday after a deal to merge its wireless business with smaller rival Aircel was called off, raising fresh doubts about its debt-repayment plans.

French waste and water group Suez SEVI.PA said it had finalized its 3.2 billion euros ($3.4 billion) acquisition of GE Water, and confirmed its synergy outlook for the deal.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

U.S. private equity firm Bain Capital said it aims to buy 100 percent of Asatsu-DK Inc 9747.T, Japan's third-largest advertising agency, for 152 billion yen ($1.35 billion), in one of the largest buyouts in Japan this year.

Chinese carmaker Zhejiang Geely Holding Group will increase its stake in Denmark's Saxo Bank to above 50 percent in a $300 million-plus deal that highlights China's drive to tap the expertise of European financial firms.

Savola Group 2050.SE, Saudi Arabia's largest food products company, is in talks to buy sweets and confectionery maker Sanabel Al-Salam in a deal worth $300 million, sources told Reuters.

Leading Thai retailer Central Group will acquire the operations of high-end grocer Dean & Deluca from luxury real estate developer Pace Development Pcl PACE.BK for $50 million, Pace said.

Metro Inc MRU.TO, Canada's third biggest food retailer, said it would buy pharmacy chain Jean Coutu Group PJCa.TO for C$4.5 billion ($3.60 billion).

Canadian pension fund OMERS and U.S. buyout group Madison MCN.N are acquiring Berlin's landmark property Sony Center from Korea's national pension fund NPS for 1.1 billion euros ($1.3 billion), the companies said.

Oil and gas producer Laredo Petroleum LPI.N and private equity firm Energy & Minerals Group said they would sell their jointly owned pipeline unit to infrastructure fund Global Infrastructure Partners for about $1.83 billion.

Latest comments

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.