Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Adds Hugo Boss, Kontron
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:
** Frasers Group FRAS.L, the retailer controlled by British billionaire Mike Ashley, launched a €2 billion ($2.31 billion) takeover offer for struggling German fashion brand Hugo Boss BOSSn.DE on Wednesday. nL1N42I0QZ
** Taiwan-listed technology firm Ennoconn Corp 6414.TW said on Wednesday it has launched a takeover bid for Austria-based Kontron KTN.VI, offering 23.50 euros per share to all its shareholders. nL1N42I0SL
** Oil producer APA <APA.O> said it has agreed to acquire Savant Alaska for about $70 million, gaining access to oil and pipeline infrastructure near eastern North Slope acreage in Alaska.
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** Irish energy distributor DCC <DCC.L> said it received a sweetened cash offer of £66.72 ($89.29) per share from a consortium of U.S. private equity firms KKR <KKR.N> and Energy Capital Partners.
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** Thyssenkrupp <TKAG.DE> sold its remaining 15% stake in Italian stainless steel firm AST to Arvedi, the German industrial group said.
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** Taiwan-listed BizLink Holding <3665.TW>, a cables and connectors maker, said it had agreed to buy Singapore-based Interplex Datacom for an enterprise value of $850 million in cash, as it seeks to expand its data center connectivity and infrastructure business.
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** Norwegian telecom operator Telenor <TEL.OL> said it has agreed to acquire fibre operator Enivest for 2.5 billion Norwegian crowns ($263.55 million), expanding its broadband footprint in western Norway.
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** Gallagher has bought a majority stake in ACE Re Gallagher Arabia Reinsurance Brokers, adding to its presence in Saudi Arabia as the kingdom seeks to attract more international firms and diversify its economy.
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** Australia's Sigma Healthcare <SIG.AX> said that it had engaged in preliminary discussions for a potential acquisition of the British pharmacy chain Boots.
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** Australia's Steadfast Group <SDF.AX> said Amwins Group and Dragoneer Investment Group have offered to buy the insurance broker in a A$7.7 billion ($5.41 billion) deal, including debt, helping its shares log their best day ever.
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** Norwegian defence and technology group Kongsberg <KOG.OL> said it had completed the acquisition of U.S.-based Zone 5 Technologies, a developer of low-cost, mass-producible missile systems linked to U.S. Air Force efforts to develop so-called affordable mass munitions.
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(Compiled by Rajarshi Roy, Megavarshini G. Somasundaram and Kunal Das in Bengaluru)
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