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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

** Japanese trading house Sojitz 2768.T said it agreed to sell its entire stake in the Gregory Crinum coal mine in Queensland, Australia, as part of a structural reform and to reduce its exposure to metallurgical coal. nL1N460098


** Swiss skincare firm Galderma GALD.S said it had agreed to acquire US-based company ZO Skin Health for an enterprise value of $1.5 billion, confirming a report published by Reuters earlier in the day. nL8N46008F

** Australia's New South Wales Court of Appeal rejected Cosette Pharmaceuticals' bid to terminate its takeover of Mayne Pharma MYX.AX , upholding a lower court ruling that the US-based drugmaker had no valid grounds to abandon the deal.nL4N46006O

** Australian shipbuilder Austal ASB.AX said it had extended the due diligence period for Hanwha Group, allowing the South Korean conglomerate more time to formulate a formal offer for its US business, sending its shares sharply higher. nL4N460098


** Grupo Televisa TLEVISACPO.MX, TV.N and Fintech Holdings have agreed to buy AT&T's T.N Mexican unit for $2 billion in cash, setting up a showdown with telecoms giant America Movil AMXB.MX and marking one of Mexico's biggest M&A deals in recent years. nL6N45Z18X


** The head of the Krupp Foundation, the largest shareholder in German conglomerate Thyssenkrupp TKAG.DE, believes there is currently a "window of opportunity" to spin off the firm's steel division, according to an interview published. nL8N45Z2DF


** Australia's New South Wales Court of Appeal rejected Cosette Pharmaceuticals' bid to terminate its takeover of Mayne Pharma MYX.AX, upholding an earlier ruling that the US-based drugmaker had no valid grounds to abandon the deal. nL4N460030


** SK Group Chairman Chey Tae-won has agreed the sale of a 1.34% stake in holding company SK Inc 034730.KS to an investment fund linked to Dell Technologies DELL.N founder Michael Dell for 544 billion won ($406 million), a regulatory filing showed. nL4N46002N


** Activist investor Ancora Holdings has urged Britain-listed Big Yellow Group BYG.L to launch a strategic review, including a potential sale of the self-storage company. nL6N45Z162


** Germany's Lufthansa LHAG.DE is set to win the bidding for the purchase of a 44.9% stake in Portugal's flag carrier TAP over rival Air France-KLM AIRF.PA , broadcaster SIC said on Tuesday, citing sources familiar with the matter. nL8N45Z2H8


(Compiled by Shania S Thomas in Bengaluru)

((shanias.thomas@thomsonreuters.com))

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