Deals of the day-Mergers and acquisitions

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

(Adds Aviva , Occidental (NYSE: OXY ) Petroleum, Top-10)

Aug 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

**Occidental Petroleum Corp OXY.N plans to quickly complete its $38 billion purchase of Anadarko Petroleum (NYSE: APC ) APC.N after the latter's Aug. 8 shareholder vote, the company said. life and general insurer Aviva AV.L is looking to sell its Asia business, valuing the unit at more than $2 billion, two sources familiar with the matter told Reuters. Just Eat JE.L investor Aberdeen Standard Investments said it welcomed a planned merger with rival TKWY.AS , but the current deal terms did not value the British company highly enough. London Stock Exchange LSE.L has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg. KKR KKR.N said its tender to buy out minority shareholders in Axel Springer SPRGn.DE had received 15.5% in acceptances, bringing it closer to the 20% it needs for the deal to succeed ahead of Friday's deadline. Metro Pacific Investments Corp MPI.PS has received interest from many potential buyers for a minority stake in its hospital unit, which could be valued at up to $2.5 billion in the largest healthcare deal in the Philippines. French water and waste group Veolia VIE.PA said on Thursday it will target bigger acquisitions from next year as it focuses on high-growth activities such as toxic waste treatment and plastics recycling. ArcelorMittal's South Africa business ACLJ.J has agreed to buy steelmaker Highveld Structural Mill (HSM) for 300 million rand ($20.9 million) as it seeks to expand its manufacturing capabilities. Inc AMZN.O is in exploratory talks with Reliance Industries Ltd's RELI.NS retail unit to buy an up to 26% stake in India's biggest brick-and-mortar retailer, the Economic Times (ET) reported. Albemarle Corp ALB.N , the world's largest lithium producer, has revised a deal to buy into Australia's Mineral Resources Ltd's MIN.AX Wodgina mine to cut spending on the deal and better cope with a slump in the lithium market. An attorney for a group of 13 state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's TMUS.O $26 billion merger with Sprint Corp S.N has requested a new trial date for the case. Australia's competition regulator raised concerns on Thursday over Qantas Airways Ltd's QAN.AX acquisition of a 19.9% stake in Alliance Airlines, saying Qantas had not sought informal clearance from the regulator before the deal. Nexstar Media Group Inc NXST.O and Tribune Media Co TRCO.N must divest television stations in 13 markets to resolve antitrust concerns over their proposed $6.4 billion merger, the U.S. Justice Department said on Wednesday. Energy trading company Vitol SA VITOLV.UL said on Wednesday it will acquire 50% of Brazil's Grupo Dislub Equador (GDE) for an undisclosed amount to build its downstream presence in Brazil. Members of Nordstrom Inc's JWN.N founding family are in the early stages of discussing a proposal to boost their roughly one-third stake in the retailer to over 50%, the Wall Street Journal reported, citing people familiar with the matter.

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