Deals of the day-Mergers and acquisitions

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

(Adds Solveig, Updates Manchester City, Mercuria, Capgemini)

Nov 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:

** Activist hedge fund Elliott tried again to squeeze a higher offer from France's Capgemini CAPP.PA for rival Altran ALTT.PA , saying why it thought the offer undervalued the company in which the fund manager holds a stake. Pedro Moura Costa, a pioneer of carbon markets in the 1990s, and partner Pablo Fernandez are buying back from Swiss trader Mercuria Energy Group Ltd the low-carbon projects' developer and carbon credit generator EcoSecurities, Moura Costa said. Norwegian pipeline firm Solveig Gas has agreed to buy oil firm Capricorn Norge from Cairn Energy CNE.L for $100 million, completing its transformation into a North Sea field operator, Solveig's owner HitecVision HITV.NFF said. Manchester City's Abu Dhabi-controlled owner has agreed to sell a $500 million stake to U.S. private equity firm Silver Lake, making it the world's most valuable soccer group with a $4.8 billion price tag. Most Hong Kong-based investors are maintaining a positive investment appetite for 2020 despite a challenging local market including an economic slowdown and social unrest, property consultant Colliers International said. Bellamy's Australia Ltd BAL.AX said it settled two shareholder class action lawsuits, without admitting liability, and will pay A$49.7 million ($33.73 million).

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