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Deals of the day-Mergers and acquisitions

Published 08/02/2019, 03:45 AM
Deals of the day-Mergers and acquisitions
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(Adds Aviva , Occidental Petroleum, Top-10)
Aug 1 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
**Occidental Petroleum Corp OXY.N plans to quickly
complete its $38 billion purchase of Anadarko Petroleum APC.N
after the latter's Aug. 8 shareholder vote, the company said.
**British life and general insurer Aviva AV.L is looking
to sell its Asia business, valuing the unit at more than $2
billion, two sources familiar with the matter told
Reuters. **Top-10 Just Eat JE.L investor Aberdeen Standard
Investments said it welcomed a planned merger with rival
Takeaway.com TKWY.AS , but the current deal terms did not value
the British company highly enough. ** London Stock Exchange LSE.L has agreed to buy financial
information provider Refinitiv in a $27 billion deal aimed at
offering trading across regions and currencies and establishing
the British company as a rival to Bloomberg. KKR KKR.N said its tender to buy out minority
shareholders in Axel Springer SPRGn.DE had received 15.5% in
acceptances, bringing it closer to the 20% it needs for the deal
to succeed ahead of Friday's deadline. ** Metro Pacific Investments Corp MPI.PS has received
interest from many potential buyers for a minority stake in its
hospital unit, which could be valued at up to $2.5 billion in
the largest healthcare deal in the Philippines. French water and waste group Veolia VIE.PA said on
Thursday it will target bigger acquisitions from next year as it
focuses on high-growth activities such as toxic waste treatment
and plastics recycling. ArcelorMittal's South Africa business ACLJ.J has agreed
to buy steelmaker Highveld Structural Mill (HSM) for 300 million
rand ($20.9 million) as it seeks to expand its manufacturing
capabilities. Amazon.com Inc AMZN.O is in exploratory talks with
Reliance Industries Ltd's RELI.NS retail unit to buy an up to
26% stake in India's biggest brick-and-mortar retailer, the
Economic Times (ET) reported. Albemarle Corp ALB.N , the world's largest lithium
producer, has revised a deal to buy into Australia's Mineral
Resources Ltd's MIN.AX Wodgina mine to cut spending on the
deal and better cope with a slump in the lithium market.
An attorney for a group of 13 state attorneys general who
filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's
TMUS.O $26 billion merger with Sprint Corp S.N has requested
a new trial date for the case. Australia's competition regulator raised concerns on
Thursday over Qantas Airways Ltd's QAN.AX acquisition of a
19.9% stake in Alliance Airlines, saying Qantas had not sought
informal clearance from the regulator before the deal.
Nexstar Media Group Inc NXST.O and Tribune Media Co
TRCO.N must divest television stations in 13 markets to resolve
antitrust concerns over their proposed $6.4 billion merger, the
U.S. Justice Department said on Wednesday. Energy trading company Vitol SA VITOLV.UL said on
Wednesday it will acquire 50% of Brazil's Grupo Dislub Equador
(GDE) for an undisclosed amount to build its downstream presence
in Brazil. Members of Nordstrom Inc's JWN.N founding family are in
the early stages of discussing a proposal to boost their roughly
one-third stake in the retailer to over 50%, the Wall Street
Journal reported, citing people familiar with the matter.

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