(Adds Pilgrim's Pride, Twitter, GAM Holding, Rose Rock
Midstream, Warburg Pincus, Whole Foods, Cosco, Euronext)
June 5 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:
** Sprint Corp has agreed to pay about $40 per share
to buy T-Mobile US Inc, a person familiar with the
matter said, marking further progress in the attempt to merge
the third- and fourth-largest U.S. mobile network operators. The
$40 price represents a 17 percent premium to T-Mobile US's
closing share price on Wednesday, giving it a valuation of more
than $32 billion. The shares have more than doubled in price
since the group bought smaller rival MetroPCS a year ago.
** Pilgrim's Pride Corp, the second largest U.S.
chicken processor, has lined up a number of banks to help
finance its offer for Hillshire Brands Co as it
escalates its bidding war with Jimmy Dean sausage maker Tyson
Foods Inc, according to people familiar with the matter.
** China's Cosco Group and four other suitors
have been shortlisted as potential buyers of a majority stake in
Piraeus Port Authority OLP, Greek privatisation agency
HRADF said on Thursday.
** Swiss asset management firm GAM Holding said on
Thursday it was buying Singleterry Mansley Asset Management, a
mortgage and asset-backed securities firm in the United States.
Zurich-based GAM said it hoped to complete the acquisition
in June, when it plans to take over Singleterry Mansley's $397
million of assets under management.
** Twitter Inc said Wednesday it will acquire Namo
Media, a technology firm specializing in "native advertising"
for mobile devices. Terms of the deal were not disclosed, but
Namo Media said in a blog post that its technology would be
rolled into MoPub, the ad serving platform that Twitter
purchased last year for more than $300 million.
** Twitter Inc has been in talks with Berlin-based
audio-sharing website SoundCloud in its efforts to add a music
service to its offering, the Financial Times reported, citing
people familiar with the matter. Twitter has weighed up deals
worth billions of dollars and also considered buying
music-streaming service Spotify and internet-radio provider
Pandora Media Inc, the newspaper said.
** French grain growers could take a stake in exchange group
Euronext as part of its upcoming initial public offering in a
bid to defend the Paris-based grains derivatives market, the
head of the growers' investment fund Unigrains said on Thursday.
The move comes as Euronext is facing competition from CME Group
Inc, the world's largest futures exchange operator.
** Warburg Pincus LLC, the New York-based private
equity firm, is investing up to $500 million in oil and natural
gas pipeline company Navitas Midstream Partners.
** Rose Rock Midstream LP said on Thursday that it
would acquire crude trucking operations from a unit of
Chesapeake Energy Corp in a deal that will expand the
company's reach into key oil producing shale basins. Terms of
the transaction, which affects about 200 employees, were not
** Four broadcasters, including Italy's Mediaset and
Sky Italia, have presented bids to obtain rights to televise
Italy's top-flight soccer league between 2015 and 2018, sources
with knowledge of the matter said.
The other bidders are Fox and Eurosport, the two
sources said, adding that no telecoms operators had bid for
broadcast rights via internet.
** Shares of Whole Foods Market Inc rose on Thursday
with options volume surging in the stock on unconfirmed chatter
that privately held Publix is eyeing the grocery chain,
according to an options analytics firm, Trade Alert.
** France's Societe Generale and Spain's Santander
are each mulling a tie-up with Germany's second-largest
lender, Commerzbank AG, German magazine Bilanz
reported on Thursday. A delegation from Societe Generale
recently met representatives of the German government to talk
about Berlin's 17 percent stake in Commerzbank, the report said,
without specifying its sources.
** Canadian natural gas and electricity retailer Just Energy
Group Inc said it would sell its Ontario-based
water heater and air conditioning home services business for
$505 million to pay down debt. The sale will also help Just
Energy focus on its core electricity and natural gas businesses
across North America and its recently started UK business, the
** The German government's "bad bank", which is winding down
assets of nationalized lender Hypo Real Estate, has sold a $1.2
billion U.S. commercial real estate loan portfolio to Deutsche
Bank, two sources familiar with the transaction said.
** Spain's biggest bank, Santander, has sold a
historic skyscraper in Madrid to Chinese conglomerate Dalian
Wanda Group for 265 million euros ($361 million), as foreign
investors pile into the country's property market.
** European Union antitrust regulators cleared
unconditionally on Thursday a German asset swap deal between
Swiss cement company Holcim Ltd and Mexican peer Cemex
SAB de CV. The European Commission said the deal
would not raise competition concerns as there were enough rivals
competing with the merged company. Reuters reported on June 4
that the companies would secure EU approval for the deal.
** Swiss cement maker Holcim Ltd said on Thursday
it had won unconditional approval from European antitrust
regulators for its proposed acquisition of the German operations
of its Mexican rival Cemex SAB de CV. Sources told
Reuters on Wednesday that the European Commission was set to
give the Swiss company the green light to acquire Cemex West,
one part of an asset swap between the two companies.
** Henkel & Co plans to buy French household
cleaner maker Spotless for 940 million euros in cash, its second
purchase in a week as the German consumer goods company builds
its presence in large, profitable, mature markets.
** The U.S. House of Representatives Judiciary Committee
will hold a hearing on June 24 to discuss AT&T Inc's
proposed deal to buy DirecTV, the panel said on
Wednesday. The $48.5 billion deal would combine the
second-largest U.S. wireless carrier with the No. 1 satellite TV
** Telefonica SA will make an offer to buy Mediaset
SpA stake in Spanish pay-TV group Digital Plus,
according to media reports. Telefonica is ready to offer 350
million euros to buy Mediaset's 22 percent stake in Digital
Plus, several Italian papers said. The Spanish telecoms group is
willing to also buy the 56 percent of Digital Plus held by
Spain's Prisa, the papers added.
** China's Baosteel Resources and its Australian bidding
partner on Thursday set a deadline of July 11 on their $1
billion offer for Aquila Resources Ltd, which they are
chasing for its iron ore and coal projects. Aquila, 29 percent
owned by its founder and Executive Chairman Tony Poli, now has
until June 20 to tell shareholders whether to accept the bid.
** Tokyo Star Bank Ltd said on Thursday that Taiwan's CTBC
Financial Holdings had acquired the entire stake in
the second-tier bank, completing the first takeover of a
Japanese bank by a foreign lender.
** FMS Wertmanagement, the bad bank winding down assets from
nationalized German lender Hypo Real Estate, has sold a $1.2
billion U.S. commercial real estate loan portfolio, it said on
Thursday. FMS said in a statement that it made the sale to take
advantage of strong liquidity and heightened investor interest
in the United States, adding that the portfolio consisted mostly
of performing loans.
** Embattled Los Angeles Clippers owner Donald Sterling has
agreed to sell the team for $2 billion and will drop his lawsuit
against the National Basketball Association, his lawyer Maxwell
Blecher said on Wednesday, five weeks after taped racist remarks
Sterling made caused the NBA to ban him for life.
** Brazilian retailer Grupo Pao de Acucar said on
Wednesday that its board, along with other subsidiaries of the
French retailer Casino, approved a plan to merge their
e-commerce units, which would have combined annual sales of $4.9
** Lloyds Banking Group Plc said it would sell a
book of UK commercial real estate loans to U.S. hedge fund
Cerberus for 352 million pounds ($589.72 million), a 34 percent
discount to their gross value. Lloyds said the loans had a gross
value of 536 million pounds and were being sold to Promontoria
Holding 109 BV, an affiliate of Cerberus Global
($1 = 0.7341 Euros)
($1 = 0.5969 British Pounds)
(Compiled by Lehar Maan and Shailaja Sharma in Bangalore)