Deals of the day- Mergers and acquisitions

Mr Bricolage SA

24/03/2015 10:13

March 24 (Reuters) - The following bids, mergers, 
acquisitions and disposals were reported by 1000 GMT on Tuesday: 
     
    ** Hutchison Whampoa Ltd  0013.HK  is expected to finalize a 
deal to buy Telefonica SA's  TEF.MC  British mobile unit O2 for 
10.5 billion pounds ($15.68 billion) as early as Tuesday 
morning, the Financial Times reported.  ID:nL3N0WP6F2  
     
    ** The Philippines wants to auction its stake in 
state-controlled United Coconut Planters Bank (UCPB)  UCPB.UL  
this year, the country's finance minister said on Tuesday, 
commenting on a plan that has attracted some of the country's 
biggest lenders.  ID:nL3N0WQ2FQ  
     
    ** Developer Sunac China  1918.HK  on Tuesday urged 
creditors of its takeover target Kaisa Group Holdings  1638.HK , 
to accept a plan by the struggling property firm to restructure 
$2.5 billion in debt or risk the company running out of cash by 
end-April.  ID:nL3N0WQ1O1  
     
    ** Kingfisher's  KGF.L  275 million euro ($301.43 million)  
takeover of do-it-yourself retailer Mr Bricolage  MBRI.PA  was 
thrown into doubt on Tuesday, after it emerged that board 
members and a major shareholder of its smaller French rival had 
reservations about the deal. 
    Kingfisher, Europe's No.1 home improvement retailer, said it 
had yet to receive clarification of the positions of the 
majority of the board of Mr Bricolage and the ANPF, a group of 
franchisees which is a major investor in the company. 
 ID:nL6N0WQ12F  
     
    ** Spain's antitrust body said on Tuesday that Mediaset 
Espana's Telecinco  TL5.MC  and free-to-air channel Cuatro have 
not met their proposed merger commitments and it would open a 
new inquiry which could lead to sanctions. The competition body 
said Telecinco had not met obligations in relation to the sale 
of television advertising.  ID:nS8N0W001H  
     
    ** Britain's Land Securities Group Plc  LAND.L  said it had 
struck a deal to sell its 95 percent stake in an office building 
in Times Square, London, to real estate funds managed by 
Blackstone Group LP  BX.N  for 268.4 million pounds. 
 ID:nL3N0WQ2Q5  
     
    ** Switzerland's competition commission WEKO said on Tuesday 
that it had approved the purchase of online directory search.ch 
by Swisscom  SCMN.VX , as the telecoms group tries to compete 
with the likes of Google  GOOGL.O  in digital advertising. 
 ID:nL6N0WQ0HW  
     
    ** Finnish sporting goods company Amer Sports  AMEAS.HE  is 
acquiring the U.S. rights to the Louisville Slugger, the 
market-leading wooden baseball bat in the United States and a 
name synonymous with the sport, for $70 million.  ID:nL6N0WP4KT  
     
    ** U.S.-based property investment fund Aetos Capital Real 
Estate is preparing to sell Simplex Investment Advisors, a 
Japanese real estate asset management firm, seeking as much as 
200 billion yen ($1.67 billion), people with knowledge of the 
deal said.  ID:nL3N0WQ2EE  
     
    ** The Australian Competition & Consumer Commission (ACCC)  
said it may reject a tie-up between Qantas Airways Ltd  QAN.AX  
and Chinese state-owned carrier China Eastern Airlines Corp 
 600115.SS  because it could hurt competition, in a potential 
embarrassment for Prime Minister Tony Abbott's efforts to beef 
up trade with Beijing.  ID:nL3N0WP6OQ  
     
    ** Fosun International Ltd  0656.HK  has raised its stake in 
Belgian financial services group RHJ International SA  RHJI.BR  
in a 59.1 million euro deal that extends the Chinese 
conglomerate's global spending spree. Fosun, through two 
subsidiaries, will see its indirect stake in RHJI rise to 28.6 
percent from 19.5 percent, the firm said in a regulatory filing 
on Tuesday.  ID:nL3N0WQ1HM  
     
    ** Malaysia's IHH Healthcare Bhd  IHHH.KL , Asia's largest 
hospital operator by stock market value, said on Monday it had 
bought a 51 percent stake in India-based Continental Hospitals 
Ltd for 166.73 million ringgit ($45.4 million).  ID:nL3N0WQ077  
     
 ($1 = 0.6697 pounds) 
 ($1 = 119.5100 yen) 
 ($1 = 0.9123 euros) 
 ($1 = 3.6690 ringgit) 
 
 (Compiled by Rohit T.K. in Bengaluru) 
 ((rohit.kumara@thomsonreuters.com; within U.S. +1 646 223 8780, 
outside U.S. +91 80 6749 1130; Reuters Messaging: 
rohit.kumara.thomsonreuters.com@reuters.net)) 
 
Keywords: DEALS DAY/