Deals of the day-Mergers and acquisitions

Swan

18/09/2017 20:52

(Adds Jimmy Choo, Mitsui OSK Lines; Updates IAG, Telia) 
    Sept 18 (Reuters) - The following bids, mergers, 
acquisitions and disposals were reported by 2000 GMT on Monday:  
     
    ** U.S. defense contractor Northrop Grumman Corp  NOC.N  
said it would buy missile and rocket maker Orbital ATK Inc 
 OA.N  for about $7.8 billion in cash, giving it access to 
lucrative contracts with NASA and the U.S. Army.  urn:newsml:reuters.com:*:nL4N1LZ32B 
  
    ** Teva Pharmaceutical Industries Ltd  TEVA.N   TEVA.TA  
said it would sell the remaining assets in its specialty women's 
health business for $1.38 billion in two separate transactions. 
 urn:newsml:reuters.com:*:nL4N1LZ3KB 
  
    ** Luxury shoemaker Jimmy Choo Plc  CHOO.L  said its 
shareholders voted in favour of a $1.2 billion takeover by 
fashion group Michael Kors Holdings Ltd  KORS.N . 
  
    ** Struggling retailer Sears Canada Inc's  SRSCQ.PK  top 
executive is negotiating a private-equity backed deal that could 
be valued at more than C$650 million ($533 million), the Wall 
Street Journal reported, citing people familiar with the matter. 
 urn:newsml:reuters.com:*:nL4N1LW5W1 
  
    ** Itron Inc  ITRI.O , which makes technology to monitor 
energy and water usage, said it would buy Silver Spring Networks 
Inc  SSNI.N  in a deal valued at about $830 million, to expand 
its presence in the smart city and smart grid markets. 
 urn:newsml:reuters.com:*:nL4N1LZ3CO 
     
    ** Brazilian renewable energy company Renova Energia SA 
 RNEW11.SA  has extended the deadline for exclusivity talks with 
a unit of Canada's Brookfield Asset Management for a capital 
injection to Oct. 17  urn:newsml:reuters.com:*:nE6N1HI027 
     
    ** AT&T  T.N  is evaluating a sale of its pay TV operations 
in Latin America as it seeks to pay down debt following its 
planned $85.4 billion acquisition of Time Warner Inc  TWX.N , 
people familiar with the matter said.  urn:newsml:reuters.com:*:nL2N1LW2CK  
        
    ** Chinese payments company Ant Financial is planning to 
resubmit its application for U.S. review of its deal to buy 
MoneyGram International Inc  MGI.O  for $1.2 billion, a source 
familiar with the matter said.  urn:newsml:reuters.com:*:nL2N1LX04R 
     
    ** Zhongwang USA, an investment firm backed by a Chinese 
aluminium tycoon, and its acquisition target Aleris Corp 
 ALSD.PK  have decided to extend a deadline to complete their 
merger by two weeks, according to representatives of the two 
companies.  urn:newsml:reuters.com:*:nL4N1LX06B 
     
    ** Chinese brokerage First Capital Securities Co Ltd 
 002797.SZ  denied that a unit of e-commerce firm JD.com  JD.O  
was in talks to purchase a 24 percent stake.  urn:newsml:reuters.com:*:nL4N1LY07E 
     
    ** Shanghai Fosun Pharmaceutical Group  600196.SS  is 
trimming the size of the stake it will buy in India's Gland 
Pharma to 74 percent for $1.1 billion, in a bid to salvage the 
stalled deal that would be the biggest takeover by a Chinese 
firm in India.  urn:newsml:reuters.com:*:nL4N1LY09N 
     
    ** O.G. Oil & Gas Ltd's Singapore unit intends to buy a 65.7 
percent stake in New Zealand Oil & Gas Ltd, it said in a notice. 
 urn:newsml:reuters.com:*:nL2N1LY0ME 
     
    ** Two Australian media moguls have lost a court challenge 
to CBS Corp's  CBS.N  planned buyout of bankrupt television 
broadcaster Ten Network Holdings Ltd  TEN.AX , giving the U.S. 
media giant a strong upper hand ahead of a creditor vote. 
 urn:newsml:reuters.com:*:nL4N1LY0JA 
      
    ** Wenner Media  WENNM.UL  said it is exploring strategic 
options for its majority interest in the Rolling Stone magazine, 
as the New York-based publisher continues to shift from its 
print media business amid falling ad revenues.  urn:newsml:reuters.com:*:nL4N1LZ1I5 
     
    ** Spanish builder OHL  OHL.MC , 51 percent owned by the 
Villar Mir family, said on Monday it had been in contact with 
China State Construction Engineering (CSCE)  601668.SS  over 
potentially selling a stake, though no offer or decision had 
been made.  urn:newsml:reuters.com:*:nL5N1LZ0LH 
     
    ** Major shareholder Kuwait Investment Authority has hired 
Bank of America  BAC.N  as a consultant to conduct feasibility 
study on potential merger of Kuwait Finance House  KFIN.KW  and 
Bahrain-based Ahli United Bank  AUBB.BH , Kuwaiti newspaper 
al-Rai reports citing sources.  urn:newsml:reuters.com:*:nL5N1LZ1A0 
     
    ** Kenya's Nakumatt Supermarkets will merge with local 
retailer Tuskys to help alleviate a severe cash flow problem 
that has left it with empty shelves and led to the closure of 
some outlets, Nakumatt's managing director said.  urn:newsml:reuters.com:*:nL5N1LZ203 
     
    ** Australia and New Zealand Banking Corporation  ANZ.AX  
said Baoshan Iron & Steel Co  600019.SS  would buy part of its 
stake in Shanghai Rural Commercial Bank Co  SHRCB.UL , rather 
than Shanghai Sino-Poland Enterprise Management Development 
Corp.  urn:newsml:reuters.com:*:nL4N1LZ2SO 
    
    ** DP World  DPW.DI , one of the world's largest port 
operators, has agreed to buy two fellow state-owned maritime 
companies from its parent for $405 million.  urn:newsml:reuters.com:*:nL5N1LZ2N3 
     
    ** Walgreens Boots Alliance Inc  WBA.O  is set to revise its 
agreement to buy some Rite Aid Corp  RAD.N  stores, a move that 
may be enough for the drugstore chain operator to resolve 
outstanding antitrust concerns, Bloomberg reported.  urn:newsml:reuters.com:*:nL4N1LZ37F 
     
    ** Jollibee Foods Corp  JFC.PS , popular in the Philippines 
for its sweet-style spaghetti and fried chicken, is exploring a 
bid for Britain's Pret A Manger which could value the upscale 
sandwich chain at over $1 billion, sources familiar with the 
matter said.  urn:newsml:reuters.com:*:nL4N1LW342     
     
    ** Buyout group Blackstone  BX.N  has tasked Morgan Stanley 
 MS.N  with finding a buyer for its 45 percent stake in German 
iconic camera maker Leica, people close to the matter said. 
 urn:newsml:reuters.com:*:nL5N1LZ2BJ    
     
    ** Investment firm Fir Tree Partners said on Monday it would 
immediately begin talks with Ultra Petroleum Corp's  UPL.O  
management to pursue strategic alternatives.  urn:newsml:reuters.com:*:nL4N1LZ3J1 
  
    ** British Airways owner IAG  ICAG.L  has joined the field 
of bidders for parts or all of insolvent German airline Air 
Berlin  AB1.DE , two people familiar with the matter told 
Reuters. urn:newsml:reuters.com:*:nF9N1LL001 
  
    ** Nordic telecom group Telia Company  TELIA.ST  launched on 
Monday an offer to sell its remaining direct stake in Turkish 
operator Turkcell  TCELL.IS  to institutional investors as part 
of a bid to focus on core markets.  urn:newsml:reuters.com:*:nL5N1LZ4HA 
  
    ** Japan's leading shipper Mitsui OSK Lines  9104.T  aims to 
buy at least a 26 percent stake in a floating storage 
regassification unit (FSRU) in India, a company official said, 
to boost its exposure in the west coast project of Swan Energy 
 SWAN.NS .     
 
 (Compiled by Roopal Verma and Anirban Paul in Bengaluru) 
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Messaging: anirban.paul.thomsonreuters.com@reuters.net)) 
 
Keywords: DEALS DAY/