Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions

Sept 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday:

** The Japanese government said it will sell additional shares in Japan Post Holdings Co Ltd 6178.T worth around $12 billion, but the offering is expected to struggle to attract healthy demand from institutional investors due to lack of a strong growth story. U.S. hedge fund Elliott Management Corp said it has a stake of just over 5 percent in Hitachi Kokusai Electric 6756.T , further complicating a stalled bid by U.S. buyout firm KKR & Co LP KKR.N to acquire the company. CBS Corp (NYSE: CBS ) pay at least A$201.1 million ($162 million) in cash to buy Australian broadcaster Ten Network Holdings TEN.AX , according to documents released on Monday by Ten's administrator. Germany's Merck (NS: MERK ) KGaA MRCG.DE has hired JP Morgan JPM.N to sell its consumer health business, which includes brands such as Seven Seas vitamins and could be worth around $4.5 billion. South Korea's Lotte Shopping 023530.KS is considering selling its supermarkets in China and other options should political tensions between Seoul and Beijing continue next year, an official at the retailer told Reuters. Global commodities trader Cargill Inc CARG.UL said it has agreed to sell its U.S. metals business to Japan's Metal One Corp, its latest move to boost its focus on higher-margin food and agricultural businesses. India's IndusInd Bank Ltd INBK.NS has entered into exclusive talks to acquire microlender Bharat Financial Inclusion Ltd BHAF.NS , in a deal that will help the private sector bank to expand its consumer business.

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