April 17, 2017 / 10:10 AM / 3 years ago

Deals of the day-Mergers and acquisitions

(Adds HNA Airport Holding and Dynasty Financial Partners; Updates Ant Financial, Wal-Mart, Williams Partners and EagleClaw Midstream Ventures)

April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** China’s Ant Financial has sweetened its bid for MoneyGram International Inc by over a third, beating a rival offer to gain approval from the U.S. electronic payment firm’s board, although it still faces regulatory hurdles.

** Wal-Mart Stores Inc’s bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company’s attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing online fashion world, analysts and retail consultants said.

** Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp’s semiconductor business, Japanese public broadcaster NHK reported on Friday - the latest twist in the sale of the world’s second-biggest flash memory chipmaker.

** Diversified healthcare company Abbott Laboratories on Friday agreed to buy Alere Inc at a lower price than it had previously offered, after raising concerns about the accuracy of various representations, warranties and covenants made by Alere in the earlier agreement.

** Chrysler Chief Executive Sergio Marchionne rowed back on his search for a merger on Friday, saying the car maker was not in a position to seek deals for now and would focus instead on following its business plan.

** U.S. video streaming service provider Netflix is in talks with Indonesia’s top telecom firm PT Telekomunikasi Indonesia Tbk (Telkom) to roll out its service in the country, a spokesman at the Indonesian company said.

** Williams Partners LP said it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion in cash, as part of the pipeline operator’s efforts to focus on natural gas.

** EagleClaw Midstream Ventures LLC, the largest privately held operator of pipelines and processing facilities in West Texas’ Delaware Basin, said it agreed to be bought by funds managed by Blackstone Group LP for about $2 billion.

** U.S. buyout firm Leonard Green & Partners LP has prevailed in an auction to acquire Charter NEX Films Inc, a U.S. manufacturer of specialty films for the food and medical industries, for $1.5 billion, including debt, people familiar with the matter said.

** China’s Anbang Insurance Group will let its agreement to acquire U.S. annuities and life insurer Fidelity & Guaranty Life for $1.6 billion lapse, after failing to secure all the necessary regulatory approvals, people familiar with the matter said on Sunday.

** German lighting company Osram is on the lookout for acquisitions worth up to 500 million euros ($530 million), although there are no specific plans for a deal as yet, its finance chief told a German newspaper.

** Malaysian property developer S P Setia Bhd said on Friday it will buy privately held rival I&P Group for over 3.5 billion ringgit ($794.55 million) to create one of the country’s largest real estate firms.

** Taiwan’s Powertech Technology said on Friday it had bought two of Micron Technology’s interests in Japan in deals worth up to $132 million, part of its efforts to expand its presence in Japanese chip technology.

** Chinese stadium builder Lander Sports said late on Sunday it was terminating plans to buy a stake in English soccer club Southampton, citing uncertain factors wrought by changes in China’s securities market and policies.

** U.S. private equity group Carlyle Group has gained full control of Italian fashion brand TWINSET by buying the remaining 10 percent stake from founder Simona Barbieri, who will step down as the affordable luxury label’s creative director.

** HNA Airport Holding Group Co Ltd is close to buying out the stake that engineering conglomerate Odebrecht SA has in Brazil’s second-busiest international airport, a person briefed on the matter said, partly solving an impasse with a government agency over licensing rights.

** Dynasty Financial Partners LLC, which provides back-end support services to independent wealth management firms, said it had added Next Capital Management to its network of investment advisors. (Compiled by Ahmed Farhatha and Divya Grover in Bengaluru)

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