Deals of the day- Mergers and acquisitions

IDFC

02/02/2015 21:02

(Adds Verizon, RadioShack, ABN Amro, Julius Baer, SacOil 
Holdings, British Airways, and others ) 
    Feb 2 (Reuters) - The following bids, mergers, acquisitions 
and disposals were reported by 2100 GMT on Monday: 
     
    ** Swiss private bank Julius Baer  BAER.VX  could afford 
another deal of around 60 billion Swiss francs ($65 billion) in 
assets it is taking on with its purchase of Merrill Lynch's 
overseas wealth arm, after it cuts franc spending, its chief 
executive said.  ID:nL6N0VC3K5  
     
    ** Verizon Communications Inc  VZ.N  is nearing deals to 
sell more than $10 billion in assets, including cellphone towers 
and parts of its landline phone business, the Wall Street 
Journal reported, citing people familiar with the matter. 
 ID:nL4N0VC5Q7  
     
    ** CRH  CRH.I  has agreed to pay 6.5 billion euros ($7.4 
billion) for assets from rivals Lafarge  LAFP.PA  and Holcim 
 HOLN.VX , in a deal that will transform the Irish company into 
the world's third-biggest building materials supplier. 
 ID:nL1N0VB0JT  
     
    ** Airbus  AIR.PA  plans to take control of the European 
missile company MBDA after Italian defense group Finmeccanica 
 SIFI.MI  put its stake up for sale, Britain's Sunday Times 
newspaper reported.  ID:nL6N0VC1KM  
     
    ** Clear Channel Outdoor Holdings Inc  CCO.N  has put on 
hold the sale of its European outdoor advertising business after 
the process was hit by a weaker euro, five sources familiar with 
the matter said.  ID:nL6N0VC2JV  
     
    ** RadioShack Corp  RSH.N  is preparing to shut down the 
chain in a deal that would see half the stores taken over by 
Sprint Corp  S.N  and the rest closed, Bloomberg News reported, 
citing people with knowledge of the discussions.  ID:nL4N0VC5M4  
    Hedge fund Standard General LP is in talks to serve as the 
lead bidder at a bankruptcy auction for RadioShack Corp  RSH.N , 
the struggling consumer electronics retailer, the Wall Street 
Journal reported on Sunday, citing people familiar with the 
matter.  ID:nL1N0VC010  
     
    ** Food distributor Sysco Corp  SYY.N  said it would sell 11 
distribution centers run by takeover target US Foods Inc 
 USFOO.UL  to far smaller rival Performance Food Group if 
skeptical antitrust regulators approve the merger with US Foods. 
 ID:nL4N0VC4MN  
     
    ** A Dutch state agency said on Monday it had selected 14 
domestic and international banks as candidates to oversee a 
planned stock market listing of banking group ABN Amro 
 ABRGPA.UL , possibly this year.  ID:nL6N0VC2M9  
 
    ** Intel  INTC.O  has agreed to buy German network chipmaker 
Lantiq for an undisclosed amount to expand its range of chips 
used in Internet-connected gadgets, the companies said on 
Monday.  ID:nL6N0VB0DP  
     
    ** Egypt's Global Telecom (GTH) will sell a 51 percent stake 
in Djezzy for $2.6 billion while keeping operational control of 
the Algerian mobile operator, Global said on Sunday. 
 ID:nL6N0VB05J  
     
    ** Mylan Inc  MYL.O  said it would buy Indian drugmaker Famy 
Care Ltd's female health businesses for about $750 million in 
cash and $50 million in contingent payments to expand its line 
of women's health products.  ID:nL4N0VC4I9  
 
    ** South Africa's oil and gas explorer SacOil Holdings 
 SCLJ.J  said on Monday it may cancel an agreement to complete 
an appraisal on a prospective oil asset in Nigeria and could 
exit other assets as the price of oil tumbles.  ID:nL6N0VC36V  
     
    ** British insurance broker Towergate Insurance said on 
Monday that it had sold itself to its senior secured creditors 
as part of a deal to slash its 1.04 billion pound ($1.56 
billion) debt pile by nearly two-thirds.  ID:nL4N0VC3EJ    
 
    ** British Airways's owner committed to serving London to 
Ireland routes for five years on Monday in a bid to win backing 
from the Irish government for its takeover of partly state-owned 
airline Aer Lingus  AERL.I .  ID:nL6N0VC3EU  
     
    ** Telecom Italia SpA  TLIT.MI  is more likely to consider 
mergers and acquisitions in Europe than in Brazil, where it 
plans to invest in boosting network coverage and quality, Chief 
Executive Marco Patuano said in an interview published in a 
Brazilian newspaper on Monday.  ID:nL1N0VC08J  
     
    ** China's Everbright Securities Co Ltd  601788.SS  has 
agreed to buy Hong Kong conglomerate Sun Hung Kai & Co Ltd's 
 0086.HK  70 percent stake in its brokerage and wealth 
management service unit for HK$4.1 billion ($529 million), the 
two companies said on Monday.  ID:nL4N0VC4V4  
 
    ** UK-based private equity firm Mid Europa Partners said on 
Monday it had signed a binding agreement to buy a majority stake 
in Serbia's Danube Foods Group, which includes the country's 
major dairy producers and a large mineral water bottling plant. 
 ID:nL6N0VC3PN  
     
    ** India's IDFC Ltd  IDFC.NS  said it may buy a small equity 
stake in a payments bank planned by local retailer Future Group, 
subject to the retailer winning a license from the central bank. 
 ID:nL4N0VC3UG  
     
    ** Poland's second largest telecoms operator Netia  NET.WA  
is forming a partnership with the country's No.4 mobile operator 
Play, a Netia spokesman said on Monday.  ID:nL6N0VC15R  
 
    ** Russia's Bashneft  BANE.MM  said on Monday it wants to 
buy back 1.5 percent of its charter capital, a move that would 
slightly increase the state's holding in the country's 
sixth-largest oil producer.  ID:nL6N0VC3SD  
 
    ** Santander's  SAN.MC  consumer finance unit on Monday said 
it had finalised the deal to buy 50 percent of Banque PSA 
Finance, the car finance business of Peugeot Citroen  PEUP.PA , 
after getting the green light from regulators to operate in 
France.  ID:nS8N0RO020  
 
    ** Sunac China Holdings Ltd  1918.HK  will buy two units of 
troubled Chinese property developer Kaisa Group  1638.HK  and 
acquire majority stakes in two others in a $385 million deal, 
both companies said on Sunday.  ID:nL4N0VB0B8  
 
($1 = 0.8814 euros) 
($1 = 7.7543 Hong Kong dollars) 
($1 = 0.6649 pounds) 
($1 = 0.9246 Swiss francs) 
 
 (Compiled by Anannya Pramanick in Bengaluru) 
 ((anannya.pramanick@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 3143 ; Reuters Messaging: 
anannya.pramanick.thomsonreuters.com@reuters.net)) 
 
Keywords: DEALS DAY/