Deals of the day-Mergers and acquisitions

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

(Adds American Tower, Dangote Industries Limited, CRH (LON: CRH ), Brookfield Property Partners, Zhongwang USA, Bharti Airtel Ltd, Nisa Retail, Inmobiliaria Colonial, Immofinanz )

Nov 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Monday:

** American Tower Corp AMT.N has agreed to buy about 20,000 mobile phone masts for 78.5 billion rupees ($1.2 billion) from Indian network operators Idea Cellular IDEA.NS and Vodafone India VOD.L , who are seeking to merge. Nigeria's Dangote Industries Limited sold 128.5 million shares of Dangote Cement DANGCEM.LG at 210 naira each on Monday in a one-off stock market deal valued at 27 billion naira ($85.9 million), traders said. Irish building materials firm CRH CRH.I has made a cash bid for cement maker PPC PPCJ.J , taking on South African rival Afrisam AFRSMV.UL and Switzerland's LafargeHolcim LHN.S . Real estate company Brookfield Property Partners LP BPY.N on Monday offered to buy the 66 percent stake in mall owner GGP Inc GGP.N it does not own for $14.8 billion in cash and stock. Mobile chipmaker Qualcomm Inc QCOM.O on Monday rejected rival Broadcom Ltd's AVGO.O $103 billion takeover bid, saying the offer "dramatically" undervalued the U.S. company. Zhongwang USA, an investment firm backed by a Chinese aluminum tycoon, and U.S. aluminum maker Aleris Corp ALSD.PK have dropped plans to merge, Aleris and Zhongwang USA said on Monday. A unit of top Indian phone carrier Bharti Airtel Ltd BRTI.NS will sell a stake worth about 26.17 billion rupees ($400 million) in mobile masts operator Bharti Infratel Ltd BHRI.NS on Tuesday, according to a deal term sheet. The shopowner members of Nisa Retail, the British wholesaler and convenience retailer, on Monday voted in favour of the Co-operative Group's 42TE.L 137.5 million pounds ($180 million) takeover. Spanish real estate company Inmobiliaria Colonial COL.MC said on Monday it had agreed to launch a takeover bid for rival Axiare Patrimonio AXIA.MC , valuing the company at 1.46 billion euros ($1.70 billion). Austrian real estate group Immofinanz IMFI.VI has agreed to sell its five Moscow shopping centres to Russia's Fort Group for 901 million euros ($1.05 billion), clearing the last hurdle to its merger with Austrian rival CA Immo CAIV.VI . Uber Technologies Inc's UBER.UL warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder. Austria's Signa, which is trying to buy German department-store chain Kaufhof from Hudson's Bay HBC.TO for 3 billion euros ($3.5 billion), has bought five trophy assets from RFR in Germany's biggest real-estate transaction of 2017. Grupo Caoa, Hyundai's 005380.KS local partner in Brazil, said it had bought 50 percent of Chinese automaker Chery's Brazilian operations, according to a written statement. Oman Telecommunications ( Omantel ) OTEL.OM will pay $1.35 billion to buy a further 12.1 percent stake in Kuwaiti telecoms company Zain ZAIN.KW in a deal that will expand its reach to nine Middle Eastern and North African countries. Peugeot maker PSA Group PEUP.PA signed a joint venture with three Algerian partners to launch a manufacturing unit building cars for the Algerian market, it said on Sunday. Singapore-listed Jardine Cycle and Carriage Ltd JCYC.SI said one of its units has agreed to buy a 5.53 percent stake in Vietnamese dairy firm Vinamilk VNM.HM , the country's biggest listed company, for $616.6 million. Australian coal rail operator Aurizon Holdings AZJ.AX said it was in talks to buy the Wiggins Island Coal Export Terminal (WICET), which urgently needs to restructure $3 billion in debt. Royal Dutch Shell RDSa.L said it was selling part of its stake in Woodside Petroleum Ltd WPL.AX to equity investors for about $1.7 billion. Equity Commonwealth EQC.N , a U.S. real estate investment trust (REIT) focused on office space and chaired by property mogul Sam Zell, has approached Forest City Realty Trust Inc FCEa.N to discuss a possible merger, people familiar with the matter said. Hasbro Inc HAS.O has made an approach to acquire rival Mattel Inc MAT.O , a source familiar with the matter said, the latest attempt to combine the two biggest U.S. toymakers in more than two decades.

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