Deals of the day-Mergers and acquisitions
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))