Deals of the day- Mergers and acquisitions

Mon, 10 Mar - 8:12pm

March 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday:

** GlaxoSmithKline GSK.L GSK.N said it paid 64 billion rupees ($1.05 billion) to increase its stake in its Indian pharmaceuticals unit to 75 percent, as it banks on rising demand for medicines in emerging markets. News Search ID:nL6N0M70DO

** U.S. fruit distributor Chiquita Brands International Inc

CQB.N is to buy Irish rival Fyffes Plc FFY.I in an all-stock deal valued at $526 million to create the world's largest banana supplier. News Search ID:nL3N0M724Y

** Classified Ventures LLC, a joint venture of five media companies, has put its online listings business, Cars.com, up for sale at a price of up to $3 billion, The Wall Street Journal reported on Sunday, citing people familiar with the plans.

News Search ID:nL2N0M60LS

** Wesfarmers Ltd WES.AX , one of Australia's largest retailers, plans to sell its insurance broking business via an initial public offering worth around A$1.12 billion ($1.02 billion), the Weekend Australian newspaper reported on Saturday.

News Search ID:nL3N0M60DX

** Diana Group, a French food ingredient maker owned by private equity firm Ardian, has attracted bids worth more than 1.2 billion euros ($1.7 billion), including debt, from Germany's Symrise SY1G.DE and Japanese seasoning maker Ajinomoto

2802.T , the Financial Times reported. News Search ID:nL6N0M70DB

** France's Bouygues Telecom BOUY.PA has agreed to sell its mobile network and much of its spectrum to smaller rival Iliad ILD.PA as a way to head off competition regulators' concerns about its pending bid for Vivendi's SFR VIV.PA . If Vivendi picks Bouygues' bid for SFR over a rival offer - and if regulators approve the merger - then Bouygues will sell 15,000 mobile antennas and some of its mobile spectrum to Iliad for up to 1.8 billion euros, according to statements from both companies on Sunday. News Search ID:nL6N0M703X

** The war of words between Cliffs Natural Resources Inc

CLF.N and Casablanca Capital escalated on Friday, after the activist investor rejected an offer to end a proxy battle to win control of the iron ore miner's board. Casablanca, Cliffs' fifth-largest shareholder with a 5.2 percent stake, wants Chief Executive Gary Halverson gone, and the company to spin off its "riskier" international operations from cash-generating U.S. assets. News Search ID:nL3N0M441H

** German builder Hochtief AG HOTG.DE plans to spend over $1 billion to lift its majority stake in Australia's Leighton Holdings Ltd LEI.AX , seeking to push through restructuring at a business that already delivers most of Hochtief's profit.

News Search ID:nL3N0M60SH

** French electrical gear maker Schneider Electric SCHN.PA confirmed it was in talks with potential buyers for its sensors unit CST, following a newspaper report saying it could reap up to $900 million from a deal. News Search ID:nL6N0M70M5

** United Rentals Inc URI.N , the world's largest equipment rental company, said on Sunday it had agreed to acquire privately held National Pump, the second-largest specialty pump rental company in North America, for $780 million.

News Search ID:nL2N0M60NY

** Private equity giant TPG Href="NewsSearch">TPG.UL plans to sell 56 farm properties of Australia's largest poultry firm, Ingham Enterprises, for up to A$650 million, a property agent responsible for the sale told Reuters. News Search ID:nL3N0M718U

** Chinese diversified energy company Landbridge Group Co Ltd has launched an A$160 million unsolicited bid for Queensland coal seam gas company WestSide Corp Ltd WCL.AX , to gain entry into northern Australia's fast-growing gas industry.

News Search ID:nL3N0M71L9

** China's largest Internet company Tencent Holdings Ltd

0700.HK may soon announce a deal to take about a 16 percent stake in online retailer JD.com and merge their online shopping platforms, local media reported on Saturday. News Search ID:nL3N0M50BL

** Aircraft parts and auto components maker Senior Plc

SNR.L said it acquired Malaysia-based UPECA Technologies, a high-precision components maker, for $75.5 million including debt to expand in the South East Asian region. News Search ID:nL3N0M723M

** An online education company backed by Alibaba Group Holding Ltd IPO-ALIB.N said a unit of Softbank Corp 9984.T had made a strategic investment in the company for an undisclosed amount. News Search ID:nL3N0M70XI

** Unilever PLC ULVR.L UNc.AS has bought a majority stake in water purification company Qinyuan, its biggest Chinese acquisition in 10 years, the consumer goods company said on Sunday without disclosing what it paid.

($1 = 0.72 euros)

($1 = 1.10 Australian dollars)

($1 = 61.09 Indian Rupees)

(Compiled by Natalie Grover)

((natalie.grover@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 99 1694 7070)(Reuters Messaging:)(natalie.grover.thomsonreuters.com@reuters.net))

Keywords: DEALS DAY/

URN: 
urn:newsml:reuters.com:20140310:nL3N0M72QL:2
Topics: 
FOTB INDS INDM DEAL1 TRAD RTRS SUG INDG DE COC FIN IE FOOD1 CYCP US IND FOD AU WLES CYCS CELE PPRO DEPT CON SHOP ELC MRG PEPS BACT NL WEU FARM JP GB CMPNY ELCO REP FR FOBE BUS HSGD MACH TEL APL NCYC EUROPE DVST COEN EUROP CMSS BSUP WHO ASIA EMRG RGEN LEN MAC TCOM ISER

Contact Us

Due to the security nature of our business, personal meetings are only by pre-arranged appointment.
Phone at any time on

1300 987 995

info@ausmint.com