Deals of the day-Mergers and acquisitions

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

(Adds Puig, Media-Saturn, Teleperformance , Deutsche Bank , Apollo Global, Rene Benko, CRH (LON: CRH ); Updates Royal Caribbean)

June 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Comcast Corp CMCSA.O offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc FOXA.O away from a merger with Walt Disney Co DIS.N , setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer. Australia's Sirtex Medical SRX.AX has picked the highest bidder in a takeover battle for the liver cancer specialist, going with a $1.4 billion Chinese offer that trumped U.S. company Varian Medical Systems VAR.N . Royal Caribbean Cruises Ltd RCL.N said it would buy a 66.7 percent stake in privately owned Silversea Cruises for about $1 billion to add ultra-luxury and expedition cruises to its fleet. Teleperformance ROCH.PA has agreed to buy India-based Intelenet from U.S. private equity firm Blackstone (NYSE: BX ) BX.N in a $1 billion deal aimed at strengthening its specialised services business, the French company said. Fortis Healthcare Ltd FOHE.NS on Wednesday withdrew the scheme of arrangement and amalgamation with its units Fortis Malar Hospitals Ltd FORT.BO and SRL Ltd, citing a delay in its completion. Mineral sands producer Mineral Deposits MDL.AX advised its shareholders to reject an increased A$345 million ($261 million) takeover bid from French miner Eramet SA ERMT.PA , saying it still undervalued the company. Investment firm Kinnevik KINVb.ST said it aimed to distribute its shares in MTG MTGb.ST to its shareholders in an effort to speed up the completion of the proposed merger of Tele2 and Com Hem. Mobile operator Tele2 TEL2b.ST , in which Kinnevik owns 30 percent of shares, agreed in January a $3.2 billion takeover of cable TV company Com Hem COMH.ST , in which the investment firm owns 19 percent. Embattled private equity firm Abraaj has sold its entire 5.4 percent stake in Orascom Construction Ltd OC.DI for about $52 million. Diversified Gas & Oil Plc DGOC.L said it planned to buy oil and gas producing assets in the Appalachian Basin for about $575 million, as it bets on the U.S. shale gas boom. Centrica CNA.L plans to sell its 20 percent stake in eight British power plants by the end of 2020, but has yet to start marketing the assets, the company's CEO said. Luxembourg's Anatol S.a.r.l. will not announce a takeover bid for Slovenian metal products maker Cinkarna Celje CICJ.LJ , strategic communication firm Propiar, which represents Anatol, said. British wealth manager Rathbone Brothers RAT.L has agreed to buy its biggest independent rival in Scotland, Speirs & Jeffrey, boosting its assets by almost a fifth to 44.5 billion pounds ($60 bln). Austrian property and retail investor Rene Benko has reached a deal to buy Steinhoff's SNHJ.J SNHG.DE Austrian unit Kika/Leiner, saving the division from bankruptcy, several Austrian newspapers reported. Spanish fashion and fragrance group Puig said it had taken a majority stake in Belgian brand Dries Van Noten, adding to a portfolio that includes labels like Jean Paul Gaultier. Deutsche Bank DBKGn.DE has found a buyer for the bulk of its bad ship loans as it seeks to draw a line under sour investments in the sector and to start a fresh push in transport lending, people close to the matter said. German consumer electronics group Media-Saturn is in advanced talks to sell its loss-making Russian business to Safmar and take a 15 percent stake in Safmar's MVID.MM , parent firm Ceconomy CECG.DE said. The U.S. Federal Reserve said on Wednesday it had approved a merger between Georgia's Ameris Bancorp and Hamilton State Bancshares, in a further sign of growing bank consolidation in the country. Apollo Global Management APO.N has halted plans to sell U.S. military security services business Constellis after talks with Canada's Garda World Security Corp GWSC.UL broke down, according to people familiar with the matter. Construction company CRH Plc CRH.I agreed to divest facilities in three states in order to win U.S. antitrust approval to buy Ash Grove Cement Co, the Federal Trade Commission said.

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