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Deals of the day-Mergers and acquisitions

Published 23-12-2017, 02:30 am
Deals of the day-Mergers and acquisitions
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(Adds XPO Logistics, Boeing (NYSE:BA), Vulcan Materials, ArcelorMittal, IAG)

Dec 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Home Depot Inc (NYSE:HD) HD.N has held internal discussions in recent months to buy XPO Logistics Inc XPO.N , news website Recode reported, citing a person familiar with the home improvement retailer's thinking. Brazilian President Michel Temer said that he opposed Boeing Co BA.N taking control of Embraer SA EMBR3.SA , although he would welcome an injection of foreign capital into the regional planemaker. Vulcan Materials Co VMC.N must divest 17 crushed stone aggregate facilities in Tennessee and Virginia in order to acquire Aggregates USA, the U.S. Justice Department said. ArcelorMittal MT.AS has reached a preliminary agreement to sell its steel mill in Piombino, Italy to Italian steelmaker Arvedi to help get clearance from EU authorities for its purchase of Ilva, Europe's largest steel plant. IAG ICAG.L , the owner of British Airways and low-cost carrier Vueling, is one of the four bidders selected for the final stages of talks over the assets of insolvent Austrian airline Niki, three people familiar said. AT&T Inc (NYSE:T) T.N and media and entertainment group Time Warner Inc (NYSE:TWX) TWX.N , which are seeking to merge despite U.S. Justice Department opposition, extended the termination date for their deal to June 21, AT&T said in a filing. Online gambling group GVC GVC.L has agreed to buy bookmaker Ladbrokes Coral LCL.L for up to 4 billion pounds ($5.35 billion) to create a company that would rank among Britain's largest businesses. Argentina's communications regulator has authorized a merger between Telecom Argentina SA TEC2.BA and cable TV provider Cablevision (NYSE:CVC) SA CVH.BA , the government's official gazette said. UnitedHealth Group Inc (NYSE:UNH) UNH.N said it signed a definitive agreement to buy Chilean healthcare company Banmedica SA BAN.SN for $2.8 billion, expanding the health insurer's footprint in South America. Thyssenkrupp TKAG.DE could halve its stake in a planned European steel joint venture with Tata Steel TISC.NS if they list it on the stock market by end-2024, a board member of the German industrial group said. Deutsche Telekom DTEGn.DE is buying Austrian cable provider UPC from Liberty Global LBTYA.O for 1.9 billion euros ($2.25 billion) including debt as it adds broadband services to countries where it only offers mobile operations. Walgreens Boots Alliance Inc WBA.O said it would sell a 30 percent stake in a Chinese pharmaceutical wholesaling joint venture to partner Guangzhou Baiyunshan Pharmaceutical Holdings Co Ltd 600332.SS . Swiss drugmaker Roche ROG.S will buy U.S. cancer drug specialist Ignyta Inc RXDX.O for $1.7 billion in an agreed deal to broaden its oncology portfolio, the firms said. HNA Group's plan to take a majority stake in Vienna-based C-Quadrat Investment AG C8I.VI has gained approval from Austrian regulators, a rare recent win for the acquisitive Chinese conglomerate amid rising global pushback on its deals. Allianz ALVG.DE , Germany's biggest insurer, said it was seeking to become the sole owner of Euler Hermes ELER.PA and planned to offer 122 euros ($145) for each share in the French credit insurance firm that it did not already own. Wesfarmers Ltd WES.AX said it would sell its Curragh coal mine in Queensland to Texas-based Coronado Coal Group for A$700 million ($539 million). German energy group Innogy IGY.DE said it had signed an agreement to buy onshore wind power projects worth more than 2 gigawatts in the United States, in what marks the firm's first acquisition in the world's second-largest wind market.

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