September 13, 2019 / 1:25 PM / a month ago

Deals of the day-Mergers and acquisitions

(Adds TenneT, Barrick Gold, Advent International; Updates London Stock Exchange)

Sept 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Hong Kong’s exchange refused to give up on its bid to take over the London Stock Exchange after the British bourse emphatically rejected its $39 billion takeover offer.

** The London Stock Exchange emphatically rejected the Hong Kong bourse’s $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv.

** The Dutch government is exploring options to fund the investment German-Dutch grid company TenneT IPO-TTH.AS needs, including a partial or full sale of the business, it said.

** Canadian miner Barrick Gold has won approval from a British court for its $1.2 billion takeover of Acacia Mining, the African gold miner said, removing the last hurdle to the conclusion of the deal.

** U.S. private equity firm Advent International is set to clinch its 4 billion pound ($4.99 billion) takeover of defence and aerospace group Cobham Plc after Advent received support from more than 75% of shareholders, the Financial Times reported.

** Australia’s Pacific Energy Ltd said that suitor QIC Private Capital had raised its initial bid to value the power generator at about A$466.7 million ($320.9 million), matching a rival consortium’s recent offer for the company.

** Relative newcomer OVO Energy is set to become one of Britain’s Big Six energy suppliers after striking a 500 million pound ($622.65 million) deal to buy SSE’s retail arm.

** Bitauto Holdings Ltd said it has received a buyout proposal from Tencent Holdings Ltd and Hammer Capital for shares they don’t own in the Chinese online marketer.

** Finland’s Kone is open to a co-shareholding structure in a potential deal to merge with Thyssenkrupp’s elevator division, its chief executive officer told Bloomberg News.

** Russia’s central bank is sticking to its plan to put bailed-out banks up for sale as soon as possible, Governor Elvira Nabiullina told a financial conference.

** Inpex Corp, Japan’s top oil and gas company, wants to expand in Australia at its Ichthys liquefied natural gas (LNG) plant and through potential acquisitions, as part of a plan to become a major regional gas company, its Australian boss said.

** Greece’s privatisation agency is considering selling a stake in the country’s biggest oil refiner Hellenic Petroleum, Hellenic said.

** A consortium led by CSA Energie-Infrastruktur Schweiz (CSA) has got 89.22% of shares in Swiss utility Alpiq after a 70 Swiss francs per share tender offer, according to definitive preliminary results. (Compiled by Manojna Maddipatla and Bharath Manjesh in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below