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Deals of the day-Mergers and acquisitions

Wed, 28th Nov 2018 21:00

(Adds Sears, Nutrien, DEPA, Murphy Oil, Acuris, Evoca, PAG,Eaton Corp, MTN Group, Restaurant Group, Eurasia Drilling;updates Unilever, Experian, NordLB)

Nov 28 (Reuters) - The following bids, mergers, acquisitionsand disposals were reported by 2100 GMT on Wednesday:

** Sears Holdings Corp Chairman Eddie Lampert'shedge fund and Cyrus Capital Partners LP are preparing apotential takeover bid to keep the bankrupt retailer running,Bloomberg reported.

** Canadian fertilizer giant Nutrien will auctionits 23.77 percent share in Chile's SQM on Dec. 3, theChilean stock exchange said, a final step toward completing thesale of a coveted stake in the world´s No. 2 lithium producer toChina's Tianqi.

** Greece's state-controlled DEPA gas company has concludedthe acquisition of Shell's 49 percent stake in adomestic gas supplier and in a gas distributor in Athens,becoming the sole stakeholder in the two companies, it said.

** Murphy Oil Corporation is in talks to sell its Malaysianoil and gas assets after an unsolicited bid that could fetchbetween $2 billion to $3 billion, people familiar with thematter said, in the latest energy M&A deal in the SoutheastAsian nation.

** European buyout fund BC Partners is preparing to sell itsfinancial news and data business Acuris in a deal that could beworth more than 1 billion pounds, three sources with knowledgeof the matter told Reuters.

** Private equity fund Lone Star has hired Deutsche Bank toexplore a potential sale of its Italian vending and coffeemachine maker Evoca, which includes iconic brand Gaggia, EvocaCEO Andrea Zocchi told Reuters.

** Hong Kong-based PAG's bid to buy Spring Real EstateInvestment Trust fell through as it failed to securethe required acceptances from the realty firm's unitholders.

** U.S.-listed power management company Eaton Corpis in advanced talks to buy Turkey's Ulusoy Elektrikfor around $300 million, two sources with knowledge of the dealtold Reuters.

** A South African state-owned pension fund has raised itsstake in mobile phone operator MTN Group to nearly 24percent, regulatory filings showed, a bet on the company in themiddle of $10.1 billion dispute with Nigeria.

** Restaurant Group's investors approved itsproposed acquisition of noodle chain Wagamama, a day after proxyvoting adviser Pensions and Investment Research ConsultantsLimited asked shareholders to oppose the deal.

** Russia's sovereign wealth fund, Mubadala of the UnitedArab Emirates and Saudi Arabia are in talks to buy a 16 percentstake in Russian oil drilling firm Eurasia Drilling, the head ofthe Russian fund said.

** German public sector bank NordLB has received fourbinding bids from private equity groups for a stake in the bank,a source close to the matter said.

** Canada's Ensign Energy Services Inc said onTuesday 56.38 percent of Trinidad Drilling Ltd shareshave been tendered in its hostile offer, resulting in rivalbidder Precision Drilling Corp walking away and theresignation of Trinidad's top executives.

** Britain's competition watchdog indicated it may blockcredit data company Experian's takeover of rivalClearScore and warned the deal could stifle development ofdigital products that help customers understand personalfinances.

** Shares of India's Jet Airways Ltd rose sharplyfollowing a report that founder Naresh Goyal has agreed to sellhis controlling stake and give up operational control of thestruggling carrier.

** Telecom operator Zain Saudi Arabia has acceptedan offer from IHS Holding, a mobile tower operator, for the saleand leaseback of its tower infrastructure in a deal valued at2.43 billion riyals ($647.7 million), it said.

** French cosmetics maker L'Occitane International SAis drawing bids from private equity firms, includingAdvent International, the Financial Times reported.

** Unilever has emerged as the leading bidder in atight contest for GlaxoSmithKline's Indian Horlicksnutrition business, three people familiar with the situationtold Reuters.(Compiled by Mary Ann Alapatt and Bharath Manjesh in Bengaluru)

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30 Dec 2021 05:33

UPDATE 5-Oil prices rise slightly ahead of OPEC+ meeting next week

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28 Dec 2021 09:41

S.African court halts Shell's offshore seismic survey

CAPE TOWN, Dec 28 (Reuters) - A South African high court on Tuesday blocked Shell from conducting seismic testing offshore from South Africa's pristine Wild Coast, in the latest ruling in a case seeking to prevent the oil major from exploring for...

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27 Dec 2021 14:01

Mexican president says Pemex to close Deer Park deal in January

MEXICO CITY, Dec 27 (Reuters) - Mexican state oil company Petroleos Mexicanos (Pemex) will complete its purchase of a controlling interest in a Texas oil refinery in January, Mexican President Andres Manuel Lopez Obrador said on Monday.Mexico's go...

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24 Dec 2021 10:03

UPDATE 1-Russia says Europe missing out on gas with Nord Stream 2 delay

(Recasts, adds quote, background)MOSCOW, Dec 24 (Reuters) - Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the Nord Stream 2 pipeline, a top Russian official signalled on Friday.Deputy Prim...

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24 Dec 2021 08:26

Russia's Novak: Nord Stream 2 hindered by politics

MOSCOW, Dec 24 (Reuters) - The launch of the Nord Stream 2 natural gas pipeline is being hindered by politics, but Russia still hopes its certification will be completed by mid-2022, Russian Deputy Prime Minister Alexander Novak said on Friday.The...

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24 Dec 2021 08:19

Russia says Nord Stream 2 a bargaining chip for U.S., EU, Interfax reports

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23 Dec 2021 14:14

Third Point's Loeb slams activists after UK fund chairman quits

LONDON, Dec 23 (Reuters) - Hedge fund Third Point's boss Dan Loeb on Thursday blamed the departure of the chairman of the firm's London-listed fund on "inexperienced" and "juvenile antics" of activist investors.Third Point Investors Limited (TPIL)...

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22 Dec 2021 20:56

Shell declares force majeure on Nigerian Forcados crude

LAGOS, Dec 22 (Reuters) - Royal Dutch Shell's Nigerian subsidiary SPDC has declared force majeure on exports of Nigerian Forcados crude oil after the obstruction of a tanker path by a malfunctioning barge, the company said in a statement.The actio...

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22 Dec 2021 13:49

UPDATE 3-Mexico says U.S. approves Deer Park refinery deal, sees completion early 2022

(Adds details)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery in a transaction that should conclude early next year,...

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22 Dec 2021 13:49

UPDATE 2-Mexico says U.S. government approves Deer Park refinery deal

(Adds context, comment from Pemex CEO)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery, Mexican President Andres Manu...

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22 Dec 2021 13:49

UPDATE 1-Mexico says U.S. government approves Deer Park refinery deal

(Adds details)MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery, Mexican President Andres Manuel Lopez Obrador said on...

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22 Dec 2021 13:15

Mexico says U.S. government approves Deer Park refinery deal

MEXICO CITY, Dec 22 (Reuters) - The U.S. government has authorized the purchase by Petroleos Mexicanos (Pemex) of Royal Dutch Shell's controlling interest in a Texas oil refinery, Mexican President Andres Manuel Lopez Obrador said on Wednesday.Lo...

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21 Dec 2021 19:06

UPDATE 1-Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

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21 Dec 2021 18:32

Texas lawsuit by laundromat owners seeks to block Shell refinery sale to Pemex

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