Deals of the day-Mergers and acquisitions

Attendo AB (publ)

05/03/2018 11:02

(Adds GE, GEDI, Trinity, Freeport-McMoRan; Updates Broadcom,
AXA)
    March 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1400 GMT on Monday:
    
    ** A U.S. national security panel on Sunday ordered Qualcomm
Inc  QCOM.O  to put off its March 6 annual shareholder meeting
by a month, delaying a long awaited showdown in the company's
attempt to fend off a takeover by Singapore-based Broadcom Ltd
 AVGO.O .  urn:newsml:reuters.com:*:nL4N1QN43I    
    
    ** Indonesia's President Joko Widodo has instructed his
administration to complete negotiations over the purchase of a
majority stake in Freeport-McMoRan Inc's  FCX.N  local unit by
the end of April, a cabinet minister said.  urn:newsml:reuters.com:*:nL4N1QN4MG
    
    ** At least two Chinese companies are preparing bids for
industrial conglomerate General Electric's  GE.N  remaining
lighting assets in a potentially $1 billion deal, according to
people familiar with the situation.  urn:newsml:reuters.com:*:nL5N1QN316
        
    ** Italian publisher GEDI  GEDI.MI  said it had received a
binding bid for its 30 percent stake in broadcasting company
Persidera but judged it insufficient.  urn:newsml:reuters.com:*:nI6N1QG00R
   
    ** France's AXA  AXAF.PA  moved to buy Bermuda-based XL
Group  XL.N  for $15.3 billion to create what it said would be a
world leader in property and casualty insurance.  urn:newsml:reuters.com:*:nL5N1QN0O3
    
    ** Sligro  SLIGR.AS , a Dutch food retail group, said it
will sell its retail arm, which includes 130 grocery stores, to
privately owned supermarket Jumbo in a deal worth 400 million
euros ($491 million).  urn:newsml:reuters.com:*:nL5N1QN0UG
            
    ** China's Qingdao Doublestar Co Ltd  000599.SZ  said its
parent had agreed to invest 646.3 billion won ($597.4 million)
for a 45 percent stake in South Korea's troubled Kumho Tire Co
Inc  073240.KS .  urn:newsml:reuters.com:*:nL4N1QN2L0
    
    ** Nordic telecom group Telia  TELIA.ST  said it had sold
its stake in Azerbaijan mobile operator Azercell, which it
co-owns with Turkcell  TCELL.IS , part of a shift to focus on
its main markets in Nordic and Baltic countries.  urn:newsml:reuters.com:*:nL5N1QN2HX
    
    ** Saudi Arabia's ACWA Power  IPO-ACPO.SE  has selected
JPMorgan  JPM.N  and Citigroup  C.N  to arrange the initial
public offering of its shares, which could raise up to $1
billion, sources said.  urn:newsml:reuters.com:*:nL5N1QN2KN    
   
    ** Nordic health care company Attendo  ATTE.ST  said it had
started to evaluate options, including a potential divestment,
for its Finnish healthcare and dental care business ahead of
major reforms in the sector.  urn:newsml:reuters.com:*:nL5N1QN1NO
               
    ** London-listed SOCO International  SIA.L  said it had
ended merger talks with Kuwait Energy  IPO-KEC.L  after failing
to agree terms.  urn:newsml:reuters.com:*:nL5N1QN1EV
    
    ** Ultra Electronics  ULE.L  said it terminated the $234
million acquisition of Sparton Corp  SPA.N  due to anti-trust
concerns raised by the U.S. Department of Justice.  urn:newsml:reuters.com:*:nL4N1QN38N
        
    ** Qatar Central Bank is evaluating legal, financial and
technical information related to a three-way bank merger that is
expected to create the country's second largest lender, a Qatari
newspaper reported.  urn:newsml:reuters.com:*:nL5N1QN0NO                   
                
    ** China's Tasly Pharmaceutical Group is planning to list
its biopharma unit in Hong Kong to raise about $1 billion, in
what is likely to be the largest biotech float in the city this
year, people with knowledge of the matter have said.
 urn:newsml:reuters.com:*:nL4N1QN2LS
    
    ** Canada's Saputo Inc  SAP.TO  said it is discussing plans
to sell a milk plant in Victoria state to address concerns from
Australia's competition watchdog about its buyout of Murray
Goulburn Co-operative  MGC.AX .  urn:newsml:reuters.com:*:nL4N1QM14N
   
    ** Li Shufu, the founder and main owner of China's Geely
 GEELY.UL , has no plans to buy further stakes in carmakers
after building up a holding of almost 10 percent in Germany's
Daimler  DAIGn.DE , he told a German newspaper.  urn:newsml:reuters.com:*:nL5N1QM0C5
             
    

 (Compiled by Mrinalini Krothapalli in Bengaluru)
 ((mrinalini.krothapalli@thomsonreuters.com;))