Deals of the day-Mergers and acquisitions

Genesis Scale Holdings

22/08/2017 21:04

(Adds Murray & Roberts, Ryanair, JBS; Updates Bayer, Great Wall 
Motor Co) 
    Aug 22 (Reuters) - The following bids, mergers, acquisitions 
and disposals were reported by 2000 GMT on Tuesday: 
 
    ** The European Commission has started an in-depth 
investigation of Bayer's  BAYGn.DE  planned $66 billion takeover 
of U.S. seeds group Monsanto  MON.N , saying it was worried 
about competition in various pesticide and seeds markets. 
 urn:newsml:reuters.com:*:nL8N1L83N4 
     
    ** Struggling retailer Sears Holdings Corp  SHLD.O  said it 
signed licensing deals for its Kenmore home appliances and 
DieHard batteries to expand distribution of the brands outside 
the United States.  urn:newsml:reuters.com:*:nL4N1L842G 
     
    ** Singapore's biggest taxi operator, ComfortDelgro Corp Ltd 
 CMDG.SI , entered into exclusive talks with Uber Technologies 
Inc for a potential tie-up, it said, in a move that could help 
Uber in its fight with dominant ride-hailing firm Grab. 
 urn:newsml:reuters.com:*:nL4N1L83KP 
     
    ** Shares in oil services group CGG  GEPH.PA  surged higher, 
with several traders citing speculation of a bid from China's 
Sinopec  600028.SS .  urn:newsml:reuters.com:*:nP6N1KC02C 
     
    ** Malaysia's RHB Bank  RHBC.KL  and AMMB Holdings (AmBank) 
 AMMB.KL  have dropped plans for a merger on grounds that both 
could not arrive at mutually acceptable terms.  urn:newsml:reuters.com:*:nL4N1L83YG 
     
    ** Meitav Dash, Israel's second-largest investment house, 
pulled out of a deal to be bought out by London-based private 
equity firm XIO, saying XIO had changed the terms from the 
initial offer.  urn:newsml:reuters.com:*:nL8N1L81P6 
     
    **  Murray Goulburn Co-operative, Australia's largest milk 
processor, said it was considering approaches from a broad array 
of suitors who were interested in acquiring the cooperative as a 
whole or some of its assets.  urn:newsml:reuters.com:*:nL4N1L801N 
     
    ** German photonics group Jenoptik  JENG.DE  has bought U.S. 
process automation firm Five Lakes, a car industry specialist, 
for an undisclosed sum, it said.  urn:newsml:reuters.com:*:nFWN1L808I 
     
    ** A group of state and private companies will invest a 
total of 6.9 billion yuan ($1.04 billion) in China's COFCO 
Capital, a subsidiary of state-run agribusiness COFCO Group, 
according to a notice published on Monday on a state investment 
platform. urn:newsml:reuters.com:*:nL4N1L81TR 
     
    ** Japan Tobacco Inc  2914.T  said it would buy the 
Philippines' No. 2 cigarette maker Mighty Corp for about $936 
million, its second large deal in Southeast Asia this month as 
it deepens its push into emerging markets.  urn:newsml:reuters.com:*:nL4N1L82C2 
     
    ** South Africa's Murray & Roberts  MURJ.J  said it will 
increase its stake in Bombela Concession, which operates a rapid 
railway system in Gauteng province, to 50 percent from 17 
percent for 405 million rand ($30.7 million).  urn:newsml:reuters.com:*:nL8N1L83TU 
     
    ** Ryanair  RYA.I  would be interested in bidding for the 
whole of insolvent German carrier Air Berlin  AB1.DE , but it 
needs access to more data on the airline's finances, Chief 
Executive Michael O'Leary told Reuters.  urn:newsml:reuters.com:*:nL8N1L84X7 
     
    ** BHP Billiton  BHP.AX , the world's largest miner, 
reported a surge in underlying full-year profits and said it 
would exit its underperforming U.S. shale oil and gas business, 
pleasing disgruntled shareholders who had called for a sale. 
 urn:newsml:reuters.com:*:nL4N1L75D4 
     
    ** Dalian Wanda Group said it had scrapped plans to buy Nine 
Elms Square in London, the latest setback for the Chinese 
conglomerate as Beijing tightens controls on overseas 
investment.  urn:newsml:reuters.com:*:nL4N1L81JQ 
     
    **  Fujitsu Ltd  6702.T  is looking to offload its mobile 
operations as the Japanese information technology company faces 
stiff competition from bigger rivals in a highly lucrative 
mobile phone market, the Nikkei business daily reported. 
 urn:newsml:reuters.com:*:nL2N1L71IM 
     
    ** Polish retail and wholesale group Eurocash  EUR.WA  said 
it signed a letter of intent to buy its smaller rival Mila. 
 urn:newsml:reuters.com:*:nL8N1L80KQ 
     
    ** Australia's Seven Group Holdings  SVW.AX  said it would 
sell its Chinese mining machinery division WesTrac China to 
Chinese firm Lei Shing Hong Machinery for A$540 million ($428 
million).  urn:newsml:reuters.com:*:nL4N1L8009 
     
    ** KuangChi Science Ltd  0439.HK  said its parent has 
invested 4 billion yuan ($600.3 million) in a 1.88 percent stake 
in China United Network Communications Ltd  600050.SS , becoming 
one of its strategic investors under a mixed ownership reform 
plan.  urn:newsml:reuters.com:*:nL4N1L807M 
     
    ** Brazil floated a proposal to cede control of the 
country's biggest power utility, Eletrobras, in the boldest 
privatization yet by a government struggling to close a record 
budget deficit, sending Eletrobras' shares soaring in 
after-market trading.  urn:newsml:reuters.com:*:nL2N1L71EA 
     
    ** A Brazilian federal court temporarily halted Petróleo 
Brasileiro SA's  PBR.N  sale of a 50 percent stake in thermal 
power station operator TermoBahia to France's Total SA  TOTF.PA  
following a lawsuit.  urn:newsml:reuters.com:*:nL2N1L71K9 
     
    ** Chinese automaker Great Wall Motor Co Ltd  601633.SS  
reiterated its interest in Fiat Chrysler Automobiles NV 
 FCHA.MI ,  FCAU.N , but said it had not held talks or signed a 
deal with executives at the Italian-American 
automaker. urn:newsml:reuters.com:*:nL4N1L8450 
     
    ** The world's largest meatpacker, JBS SA  JBSS3.SA , said 
it will invest 30 million reais ($9.5 million) to produce 
fertilizers in Brazil, a country that currently imports most of 
the fertilizers used by its farmers.  urn:newsml:reuters.com:*:nL2N1L80UV 
 
 (Compiled by Tamara Mathias and Manas Mishra in Bengaluru) 
 ((Tamara.Mathias@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 806749 9537; Reuters Messaging:  
tamara.mathias.thomsonreuters.com@reuters.net)) 
 
Keywords: DEALS DAY/