Deals of the day-Mergers and acquisitions

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

March 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:

** Japan's government named six investment banks to serve as underwriters for the sale of additional shares in Japan Post Holdings Co 6178.T , which is partly aimed at funding the rebuilding of areas hit by the 2011 earthquake and tsunami. EU antitrust regulators vetoed the proposed 29-billion-euro ($31.3 billion) merger of Deutsche Boerse DB1Gn.DE and the London Stock Exchange LSE.L on Wednesday, derailing the companies' latest attempt to create Europe's biggest stock exchange. Russia's Sberbank SBER.MM hopes to complete the sale of its Ukrainian subsidiary in May or June, a source with the bank said. The chairman of Indian miner Vedanta Resources VED.L has no plans to buy assets in South Africa from Anglo American AAL.L , or to push for a board seat after announcing a plan to acquire a 13 percent stake in the mining giant. Finland's Amer Sports AMEAS.HE , which makes Wilson tennis rackets and Salomon skis, will buy U.S. ski maker Armada for $4.1 million, the company said. Australian retail group Premier Investments Ltd PMV.AX said it had purchased a 10.8 percent stake in department store owner Myer Holdings Ltd MYR.AX , but added it had no plans to make a takeover offer at this time. U.S. private equity group TPG Capital is weighing whether to make a takeover offer for Australia's Fairfax Media Ltd FXJ.AX as the target proceeds with plans to spin off its real estate classified advertising arm, The Australian Financial Review reported. Euronet Worldwide Inc EEFT.O ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc MGI.O , urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security risks." U.S. private equity firm KKR & Co LP KKR.N is preparing a potential consortium bid for Australia's Quintis Ltd QIN.AX backed by the sandalwood plantation group's managing director, a source said. ($1 = 0.9268 euros)

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