Deals of the day-Mergers and acquisitions

DIC

29/08/2019 11:15

Aug 29 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1000 GMT on Thursday:
    
    **  Sony Corp  6758.T  said it would sell its 5% stake in
Olympus Corp  7733.T  back to the Japanese endoscope maker for
80.4 billion yen ($762.88 million), a move that was called for
by Daniel Loeb's activist hedge fund Third Point LLC.
 urn:newsml:reuters.com:*:nL3N25P2AF
    
    ** Struggling football pitch operator Goals Soccer Centres
Plc  GOAL.L  said it has started a process to invite bids for
its business and assets, just weeks after it disclosed
accounting issues stretching back to almost a decade.
 urn:newsml:reuters.com:*:nL3N25P2BJ
    
    ** German chemicals group BASF  BASFn.DE  said it agreed to
sell its pigments business to Japanese printing ink maker DIC
corp  4631.T  for 1.15 billion euros ($1.28 billion) on a cash
and debt-free basis.  urn:newsml:reuters.com:*:nL5N25P2D4
    
    ** Malaysia's Axiata Group Bhd  AXIA.KL  said its planned
merger with Norwegian telecoms peer Telenor ASA  TEL.OL  is on
track, after local media reported the deal may have hit a snag.
 urn:newsml:reuters.com:*:nL3N25O2ZZ

    ** Australia's Crown Resorts  CWN.AX  said it had been
informed that a planned $1.2 billion stake sale by casino mogul
James Packer to Melco Resorts & Entertainment  MLCO.O  had been
delayed.  urn:newsml:reuters.com:*:nL3N25O4ZD

 (Compiled by Vibhuti Sharma in Bengaluru)
 ((vibhuti.sharma@thomsonreuters.com; within U.S.
+1-646-223-8780; outside U.S. +91 702 213 2017; Twitter-
@VibhutiSharmas;))