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Deals of the day-Mergers and acquisitions

Published 2017-11-27, 04:05 p/m
© Reuters.  Deals of the day-Mergers and acquisitions

Nov 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** U.S. media company Meredith Corp MDP.N said it will buy Time Inc TIME.N, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch.

Data security company Barracuda Networks Inc CUDA.N, which went public four years ago, on Monday agreed to be bought by private equity firm Thoma Bravo LLC for $1.47 billion in cash.

French oil and gas major Total TOTF.PA said it had agreed to sell stakes in two Norwegian oil fields to Statoil STL.OL for $1.45 billion as it reviews its North Sea portfolio after acquiring Denmark's Maersk Oil in August.

Germany's biggest insurer Allianz ALVG.DE plans to buy the shares in French credit insurance firm Euler Hermes ELER.PA it does not yet own for around 1.85 billion euros ($2.2 bln).

Israeli conglomerate Delek Group DLEKG.TA said that Sirius International Insurance has decided to exercise its option to buy Delek's remaining 47 percent stake in Phoenix Holdings PHOE1.TA for 2.3 billion shekels ($656 million).

Israel's Kenon Holdings KEN.N KEN.TA said it has agreed to sell IC Power's Latin American and Caribbean businesses to infrastructure investment manager I Squared Capital for about $1.2 billion.

Private equity firm Abraaj Group has bought from Dubai Holdings' telecoms arm its 35 percent stake in state-controlled Tunisie Telecom, a Tunisian minister said.

Global trading house Louis Dreyfus Co is to buy an oilseed crushing and vegetable oil refining business in China from Singapore-based Golden Agri-Resources GAGR.SI, extending its presence in the world's biggest oilseed importing country.

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Anglo-Dutch consumer goods giant Unilever ULVR.L , UNc.AS is to buy U.S.-based company Sundial Brands, a maker of hair and skincare products, expanding deeper into the fast-growing personal care products market.

Renova Energia SA's RNEW11.SA board has approved Brookfield Asset Management Inc's BAMa.TO proposal to acquire a controlling stake in the Brazilian renewable energy company for 1.4 billion reais ($433 million), a securities filing showed on Monday.

U.S. shopping center owner Cedar Realty Trust Inc CDR.N said it was rejecting an unsolicited offer from Wheeler Real Estate Investment Trust WHLR.O to combine the two companies.

Vietnam's biggest brewer Sabeco SAB.HM has received a strong response from potential suitors at an investors' roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the $9 billion maker of Bia Saigon and 333 brews.

Education group Pearson PSON.L has agreed the sale of its Wall Street English (WSE) business to Baring Private Equity Asia and CITIC Capital for around $300 million, although its proceeds from the deal will be just a third of that.

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