Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

April 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday:

** Swift Transportation Co SWFT.N is merging with Knight Transportation Inc KNX.N in a share swap that would combine two of the biggest U.S. trucking operators that are together worth more than $5 billion, the Wall Street Journal reported. Buyout groups Bain Capital and Cinven won the backing of German generic drugmaker Stada's STAGn.DE management with a surprise improvement on its previous takeover proposal, valuing the company at about 5.3 billion euros ($5.6 billion). Turkey's Vestel VESTL.IS is in talks to buy the television unit of Japan's Toshiba Corp 6502.T , a Vestel official said on Monday, a deal that could be worth a few hundred million dollars and could expand the Turkish firm's global presence. Anglo American AAL.L will sell its Eskom-linked thermal coal operations in South Africa for $166 million, it said on Monday, marking an important step in the mining giant's strategic overhaul to sharpen its focus on three commodities. China's HNA Holding Group Co. 0521.HK said it would make an offer to acquire Singapore-listed logistics firm CWT Ltd CWTD.SI for $1 billion. A consortium of investors led by Indian private equity fund True North has agreed to acquire Religare Enterprises Ltd's RELG.NS health insurance business in the country, the groups said in a joint statement on Sunday.

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