Deals of the day Mergers and acquisitions Yahoo News Singapore

Post on: 17 Апрель, 2015 No Comment

Deals of the day Mergers and acquisitions Yahoo News Singapore

(Adds Verizon, RadioShack, ABN Amro, Julius Baer, SacOil

Holdings, British Airways, and others )

Feb 2 (Reuters) — The following bids, mergers, acquisitions

and disposals were reported by 2100 GMT on Monday:

** Swiss private bank Julius Baer could afford

another deal of around 60 billion Swiss francs ($65 billion) in

assets it is taking on with its purchase of Merrill Lynchs

overseas wealth arm, after it cuts franc spending, its chief

executive said.

** Verizon Communications Inc is nearing deals to

sell more than $10 billion in assets, including cellphone towers

and parts of its landline phone business, the Wall Street

Journal reported, citing people familiar with the matter.

** CRH has agreed to pay 6.5 billion euros ($7.4

billion) for assets from rivals Lafarge and Holcim

** Clear Channel Outdoor Holdings Inc has put on

hold the sale of its European outdoor advertising business after

the process was hit by a weaker euro, five sources familiar with

** RadioShack Corp is preparing to shut down the

chain in a deal that would see half the stores taken over by

Sprint Corp and the rest closed, Bloomberg News reported,

citing people with knowledge of the discussions.

Hedge fund Standard General LP is in talks to serve as the

lead bidder at a bankruptcy auction for RadioShack Corp,

the struggling consumer electronics retailer, the Wall Street

** Food distributor Sysco Corp said it would sell 11

distribution centers run by takeover target US Foods Inc

** Intel has agreed to buy German network chipmaker

Lantiq for an undisclosed amount to expand its range of chips

used in Internet-connected gadgets, the companies said on

Monday.

** Egypts Global Telecom (GTH) will sell a 51 percent stake

in Djezzy for $2.6 billion while keeping operational control of

the Algerian mobile operator, Global said on Sunday.

** Mylan Inc said it would buy Indian drugmaker Famy

Care Ltds female health businesses for about $750 million in

cash and $50 million in contingent payments to expand its line

of womens health products.

** South Africas oil and gas explorer SacOil Holdings

said on Monday it may cancel an agreement to complete

an appraisal on a prospective oil asset in Nigeria and could

exit other assets as the price of oil tumbles.

** British insurance broker Towergate Insurance said on

Monday that it had sold itself to its senior secured creditors

as part of a deal to slash its 1.04 billion pound ($1.56

billion) debt pile by nearly two-thirds.

** British Airwayss owner committed to serving London to

Ireland routes for five years on Monday in a bid to win backing

from the Irish government for its takeover of partly state-owned

airline Aer Lingus.

** Telecom Italia SpA is more likely to consider

mergers and acquisitions in Europe than in Brazil, where it

plans to invest in boosting network coverage and quality, Chief

Executive Marco Patuano said in an interview published in a

Brazilian newspaper on Monday.

** Chinas Everbright Securities Co Ltd has

agreed to buy Hong Kong conglomerate Sun Hung Kai & Co Ltds

70 percent stake in its brokerage and wealth

management service unit for HK$4.1 billion ($529 million), the

two companies said on Monday.

** UK-based private equity firm Mid Europa Partners said on

Monday it had signed a binding agreement to buy a majority stake

in Serbias Danube Foods Group, which includes the countrys

major dairy producers and a large mineral water bottling plant.

** Indias IDFC Ltd said it may buy a small equity

stake in a payments bank planned by local retailer Future Group,

subject to the retailer winning a license from the central bank.

** Polands second largest telecoms operator Netia

is forming a partnership with the countrys No.4 mobile operator

Play, a Netia spokesman said on Monday.

** Russias Bashneft said on Monday it wants to

buy back 1.5 percent of its charter capital, a move that would

slightly increase the states holding in the countrys

sixth-largest oil producer.


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