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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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