Deals of the day-Mergers and acquisitions

IPark Hyundai Development

09/06/2020 11:30

June 9 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1030 GMT on Tuesday:

    ** The founding family of Britain's Iceland Foods and its
chief executive have taken full ownership of the frozen food
specialist, which has seen a two decade-high market share during
the coronavirus crisis.  urn:newsml:reuters.com:*:nL8N2DM20D    
    
    ** Japanese luxury toilet maker Lixil Group Corp  5938.T 
said it was selling its stake in household goods retailer Lixil
Viva  3564.T  as it continues to streamline its operations
following a high-profile boardroom drama last year.  urn:newsml:reuters.com:*:nL4N2DM04R
   
    
    ** South African retailer Steinhoff  SNHJ.J  warned of a
"material" hit to revenue in 2020 and said its planned disposal
of home furnishings chain Conforama Iberia had lapsed due to the
coronavirus crisis.  urn:newsml:reuters.com:*:nL4N2DM1S5
    
    ** Italy's antitrust authority may require Intesa Sanpaolo
 ISP.MI  to make bigger concessions than planned to gain
approval for its takeover of smaller rival UBI Banca  UBI.MI ,
an Italian newspaper reported.  urn:newsml:reuters.com:*:nL8N2DM1CB
    
    ** German freight technology firm Sennder said it was
merging with French peer Everoad in a deal that keeps it on
track for its target of 1 billion euros ($1.1 billion) in
revenue by 2024.  urn:newsml:reuters.com:*:nL4N2DL2JB    
    
    ** U.S. investment fund Blackrock Inc  BLK.N  and other
investors have built stakes in Spanish telecom operator MasMovil
 MASM.MC  in the days after the filing of a formal bid on June
1, according to the Spanish stock market regulator.  urn:newsml:reuters.com:*:nL8N2DM15R
   
    
    ** South Korea's Hyundai Development Co  294870.KS  said it
wants new terms for its acquisition of Asiana Airlines
 020560.KS  after the carrier's already hefty debt burden
increased by some $3.8 billion.  urn:newsml:reuters.com:*:nL4N2DM0FO    
    
    ** Private equity investors are seeking Chinese companies to
take private in the hope they can snap up bargains amid the
coronavirus-related sell-off, but the banks that help find such
deals are proving less keen to finance them.  urn:newsml:reuters.com:*:nL4N2DM08P    
    
    ** Administrators in charge of South Africa's Edcon have
proposed a sales process that may lead to job redundancies in
"significant numbers", after the retailer filed for a form of
bankruptcy protection in April.  urn:newsml:reuters.com:*:nL8N2DL68D    
    
    ** Oil and gas producer Occidental Petroleum  OXY.N  is
reviewing options for its Middle Eastern assets in a bid to ease
its debt load, Bloomberg News reported on Monday, citing people
familiar with the matter.  urn:newsml:reuters.com:*:nL4N2DL37C

 (Compiled by C Nivedita)
 ((C.Nivedita@thomsonreuters.com))