Deals of the day-Mergers and acquisitions

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

(Adds Vivendi , Sunrise, Yes Bank , Woodside)

Sept 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Vivendi VIV.PA denied a media report that the French media group was planning to buy the Berlusconi family's controlling stake in Italian broadcaster Mediaset MS.MI at a steep premium. Sunrise Communications SRCG.S is facing a call to remove its chairman and another board member, it said, as the Swiss telecommunications company fights to save its planned $6.4 billion takeover of Liberty Global's LBTYA.O Swiss assets. India's Yes Bank YESB.NS is close to securing a deal to sell a minority stake to a global technology company to help boost its capital, the lender's chief executive said. Australian oil and gas producer Woodside WPL.AX is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure, its chief executive told Reuters. Mallinckrodt (NYSE: MNK ) Plc MNK.N agreed to sell its contract manufacturing unit BioVectra Inc to private equity firm H.I.G. Capital for up to $250 million, a week after the drugmaker downplayed bankruptcy concerns amid opioid litigation uncertainties. Britain's Galliford Try GFRD.L has restarted talks to sell its residential housing businesses to Bovis Homes BVS.L after Bovis nudged up its proposed offer to 1.08 billion pounds ($1.34 billion) and included a cash component. German high-voltage power transmission network Amprion, whose owners include RWE RWEG.DE and Munich Re MUVGn.DE , is evaluating options to bring in fresh funds, two people familiar with the matter said. A consortium led by CSA Energie-Infrastruktur Schweiz (CSA) has 89.22% of shares in Swiss utility Alpiq ALPH.S , according to initial results of a tender offer announced by Alpiq amid a fight with an activist investor. The Polish government is in talks with its Slovakian counterpart to acquire the Bratislava Stock Exchange, the Rzeczpospolita daily said quoting an unnamed source. Spanish oil giant Repsol SA REP.MC is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp (NYSE: XOM ) XOM.N for about $1 billion, three people familiar with the matter said on Monday. Delta Air Lines (NYSE: DAL ) DAL.N raised its stake in Korean Air Lines' parent company Hanjin Kal 180640.KS to 9.21% from 5.13%, giving a boost to the management of South Korea's top carrier that seeks to thwart a local activist fund's challenge. Australia's Pacific Energy Ltd PEA.AX said it has received a takeover bid from a consortium valuing its equity at about A$466.7 million ($319.9 million), trumping a rival bid already recommended by the board. Australia's antitrust regulator has hurt competition by blocking a A$15 billion ($10 billion) merger between the nation's third- and fourth-largest telecoms providers, the companies said in court as their legal appeal got underway.

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