Deals of the day-Mergers and acquisitions

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

(Adds Nokia, Advtech , Conwert, St. Jude Medical, K+S; Updates Horizon)

July 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Gaming and Leisure Properties Inc GLPI.O , which leases real estate to casino operators, said it would buy Pinnacle Entertainment Inc PNK.N 's real estate assets in a deal that gives the assets an enterprise value of $4.75 billion. ID:nL3N1013YN

** French food group Bonduelle SCA BOND.PA is in discussions to team up with Centerview Partners in a bid to acquire General Mills Inc's GIS.N Green Giant frozen and canned vegetable business, according to people familiar with the matter. ID:nL1N1001ET

** Germany's premium car makers are close to a deal to buy Nokia's NOK1V.HE HERE map business for between 2.5 billion and 3 billion euros ($2.74 billion to $3.29 billion), but a final agreement hinges on the question of who owns the patents that help self-driving cars talk to mobile networks, two sources familiar with the deal told Reuters. ID:nL5N1012VT

** The European Bank for Reconstruction and Development (EBRD) EBRD.UL said it had bought into Polish media group Cyfrowy Polsat's CPS.WA 1 billion zloty ($265 million) bond issue. ID:nL5N10135L

** South African private education group Advtech ADHJ.J rejected a takeover offer from bigger rival Curro Holdings COHJ.J , saying the proposal contained "unacceptable pre-conditions". ID:nL5N10133Q

** Austrian property company Conwert CONW.VI is in exclusive talks to buy German residential property group BGP, it said. ID:nFWN10100Z

** Heart device maker St. Jude Medical Inc STJ.N is in talks to buy smaller rival Thoratec Corp THOR.O , Bloomberg reported, citing sources familiar with the matter. ID:nL3N1014ZZ

** Salt and fertilizer group K+S SDFGn.DE has rejected a new attempt by Canada's Potash Corp POT.TO to entice the German company into takeover talks, a K+S spokesman said. ID:nL5N1013XE

** Qualcomm Inc QCOM.O is expected to conduct a strategic review that may result in the breakup of the company, among other options, the Wall Street Journal reported on Monday, citing sources. ID:nL1N1002JZ

** Banco Bradesco SA BBDC4.SA , Brazil's No. 2 private-sector bank, late on Monday began exclusive talks to acquire HSBC Holdings Plc's HSBA.L Brazilian unit, according to a person with direct knowledge of the transaction.

The bid values HSBC Bank Brasil Banco Múltiplo at about 12 billion reais ($3.75 billion), the source added. ID:nL1N10101N

** Ireland-based Horizon Pharma Plc HZNP.O raised its offer to buy Depomed Inc DEPO.O for the second time in two months, pushing ahead with its hostile bid, now worth $1.97 billion, for the smaller drugmaker. ID:nL3N1013YC

** Online gambling firm GVC Holdings Plc GVC.L could make another attempt to buy peer Bwin.party Digital Entertainment Plc BPTY.L , just days after Bwin accepted a 900 million pound ($1.4 billion) offer from 888 Holdings Plc 888.L . ID:nL3N1012PV

** PetroVietnam Gas GAS.HM , Vietnam's second-largest listed firm by market value, said it is seeking permission from its parent to reduce the state's shareholdings to 65 percent from 96.7 percent by year-end. ID:nL3N10123A

** Australia's Treasury Wine Estates Ltd TWE.AX , the world's biggest listed standalone wine firm, said it will sell its Asti Winery, Souverain brand and vineyard assets in California to E.& J. Gallo Winery. ID:nL3N1005CD

** South Korea, which has failed in four attempts to sell its controlling stake in Woori Bank 000030.KS , the country's second-largest lender, said it plans to sell around 30-40 percent in several blocks ranging from 4 percent to 10 percent each. ID:nL3N101056

** Bermuda-based reinsurer PartnerRe Ltd PRE.N said it would seek talks with Exor SpA EXOR.MI to discuss the Italian holding company's latest takeover offer, the sixth since it began a bidding war with Axis Capital Holdings Ltd AXS.N in April. ID:nL3N1014F3

** NMC Health Plc NMC.L , the London-listed and United Arab Emirates-based healthcare provider, plans to invest in Saudi Arabia and Qatar part of the $325 million which it has available for acquisitions, a senior company official said. ID:nL5N10114M

** A unit of private equity firm Warburg Pincus LLC WP.UL will invest $284 million for a minority stake in India's Piramal Realty, the Mumbai-based real estate developer said in a statement on Tuesday. ID:nL3N1013OV

** Cairn India Ltd CAIL.NS Chief Executive Mayank Ashar said on Tuesday the firm's proposed buyout by parent Vedanta Ltd VDAN.NS was "on track", brushing off demands from some minority shareholders for a higher price tag. ID:nL3N1013M4

** Shanghai Feilo Acoustics Co Ltd 600651.SS has made a non-binding offer to acquire the lamps business of Germany's Osram Licht AG OSRn.DE , the Chinese company said, lifting Osram shares on Tuesday. ID:nL5N101219

** Lockheed Martin Corp (NYSE: LMT ) LMT.N said on Monday that Pentagon officials planned a detailed review of the company's bid to acquire Sikorsky Aircraft, the helicopter unit of United Technologies Corp (NYSE: UTX ) UTX.N , but it did not expect major obstacles. ID:nL1N1001P7

** Sweden's Vattenfall VATN.UL expects to find a buyer for its lignite or brown coal assets in Germany by the end of this year and complete the deal by early 2016, the state-owned company said on Tuesday. ID:nL5N1011LB

** Dutch mapmaker TomTom NV TOM2.AS has deepened its partnership in high-definition mapping with German auto supplier Robert Bosch (NSE: BOSH ) ROBG.UL to refine the technology crucial for autonomous driving. ID:nL5N10114A

** British holiday company Thomas Cook (NSE: THOM ) Group Plc TCG.L and France-based Club Mediterranée said they would look at sharing flights to destinations as part of a new plan underpinned by their common Chinese shareholder Fosun International Ltd 0656.HK . ID:nL5N10121Q

($1 = 3.78 zlotys)

($1 = 0.91 euros)

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