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Deals of the day-Mergers and acquisitions

Published 18-01-2020, 02:32 am
Deals of the day-Mergers and acquisitions
TLIT
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STLAM
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JET
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PIRA
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VOWG_p
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6502
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601633
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ACCESS
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002074
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7741
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6256
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(Adds Sinopec, Stanley Black & Decker, Toshiba Machine)

Jan 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 21:00 GMT on Friday:

** China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy Inc LNG.A after a sharp drop in LNG prices, industry officials said. U.S. toolmaker Stanley Black & Decker Inc (NYSE:SWK) SWK.N is in talks to acquire Consolidated Aerospace Manufacturing LLC (CAM), in a bid to expand its offerings to the aerospace sector, people familiar with the matter said. Japan's Toshiba Machine Co 6104.T said a fund backed by veteran activist investor Yoshiaki Murakami planned a takeover bid for the former Toshiba Corp 6502.T subsidiary. Bankrupt Indian airline Jet Airways Ltd JET.NS said it had agreed to sell its assets in Netherlands to Dutch airline KLM. Toshiba Corp 6502.T said it has succeeded in its takeover bid for chip equipment unit NuFlare Technology Inc 6256.T , staving off a higher counter offer by Hoya Corp 7741.T . Volkswagen AG VOWG_p.DE is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd 002074.SZ , two sources told Reuters, as the German firm accelerates its electric push into the world's largest auto market. Indian conglomerate Piramal Enterprises Ltd PIRA.NS said its Dutch unit had signed a deal to divest its healthcare analytics business Decision Resources Group to U.S.-based Clarivate Analytics plc CCC.N for $950 million. Great Wall Motor 601633.SS has agreed to buy General Motors' (GM) GM.N car plant in India, the companies said, as the Chinese automaker expands overseas amid slowing domestic demand. Telecom Italia's TLIT.MI efforts to recruit investors to help it to create a national broadband champion with Open Fiber have stalled, sources close to the matter say, as it is proving hard to hammer out a deal structure. Automaker Fiat Chrysler FCHA.MI plans to set up a joint venture with the parent of iPhone assembler Foxconn to build electric cars and develop internet-connected vehicles in China, as it looks to make up ground in electric mobility. Nigeria's top lender by assets, Access Bank ACCESS.LG , has acquired Kenya's Transnational Bank, the Kenyan central bank said.

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