Deals of the day Mergers and acquisitions Yahoo News Philippines

Post on: 16 Март, 2015 No Comment

Deals of the day Mergers and acquisitions Yahoo News Philippines

(Adds Aareal Bank, EDP-Energias de Portugal, Occidental

Petroleum, Travelex, RBS, Netia, Macquarie Group, Lagardère,

Hershey, Zoetis, Sky; updates BOC Hong Kong)

Jan 29 (Reuters) — The following bids, mergers, acquisitions

and disposals were reported by 1115 GMT on Thursday:

** Sysco Corp, the biggest U.S. food distributor,

may have to wait longer for its $8.2 billion deal to buy US

Foods Inc to be approved by regulators, the New York

Post reported.

** Lender BOC Hong Kong Holdings Ltd is

considering a sale of subsidiary Nanyang Commercial Bank that

could fetch about $6 billion, in a bid to stop cannibalising the

China business of its parent, Reuters exclusively reported,

citing people familiar with the matter.

** Britains dominant pay-TV group Sky plans to

launch a mobile service from 2016 through a deal with O2 owner

Telefonica, ramping up pressure in the countrys

already crowded communications market.

** Hedge fund Pershing Square Capital Management is pressing

for seats on animal health company Zoetis Incs board of

directors, with an eye to pushing through cost cuts and a

possible merger, Reuters exclusively reported, citing sources

** Toshiba Corp said it would stop making and

** Frances Lagardère has joined the race to

acquire a majority of Italys airport retailer World Duty Free

, which belongs to the Benetton family, sources said.

The French media group is in talks with several private equity

firms to help it fund a deal worth over $1.2 billion, said a

third source.

** Macquarie Group Ltd is in talks to buy Jefferies

Group LLCs commodities and financial derivatives

brokerage, three sources said, as the Australian bank continues

to expand its commodities business while rivals retreat.

** Polands second largest telecoms operator Netia

is to announce a partnership with the countrys No.4 mobile

operator Play, which could be a first step towards an eventual

merger, a source with knowledge of the matter said.

** Foreign currency exchange firm Travelex will

be merged with money transfer company UAE Exchange and listed in

Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram

Shetty said.

** Royal Bank of Scotland plans to sell or close its

corporate debt and debt capital markets business in the Middle

East and Africa, the latest pullback by the state-controlled

lender from emerging markets to focus on its domestic business.

** Germanys ThyssenKrupp is in advanced talks to

sell its stainless steel business VDM, Germanys Sueddeutsche

Zeitung newspaper reported, adding that Luxembourg-based

steelmaker Aperam was the frontrunner to buy it.

** Occidental Petroleum Corp said it will close its

Philbro proprietary trading arm by April.

** U.S. hedge fund Elliott has built a stake of at least 3

percent in German machine tool maker DMG Mori Seiki AG

, for which Japanese partner DMG Mori Seiki Co Ltd

made a takeover offer last week.

** British private equity firm 3i Group said strong

market valuations had cleared the way for further disposals

after it raised 245 million pounds ($371 million) from sale of

investments in the final quarter of last year.

** Jose de Mello Energia, part of a conglomerate owned by

Portugals de Mello family, will sell all of its 2 percent

stake, or nearly 73.25 million shares, in the countrys largest


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