May 3, 2018 / 10:04 AM / a year ago

Deals of the day-Mergers and acquisitions

(Adds H&M, Weinstein Company)

May 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** H&M chairman and main owner Stefan Persson’s investment company Ramsbury Invest AB bought a total of 4.0 million B shares in the company between April 27 and May 2 at between 146.43 and 152.39 crowns per share, a filing from the Swedish FSA showed on Thursday.

** Broadway producer Howard Kagan said he has raised his last-minute bid for the Weinstein Company in another push to acquire the TV and film producer, which filed for bankruptcy in the wake of harassment claims against co-founder Harvey Weinstein.

** Canadian plane and train maker Bombardier Inc has agreed to sell its Toronto aircraft assembly site to a pension fund as part of efforts to raise extra cash under a five-year recovery plan.

** Germany’s Vonovia made a $1.08 billion cash offer for Swedish real estate company Victoria Park AB , outbidding Starwood Capital Group and stoking the scramble for assets in Europe’s hot property market.

** Volkswagen is still looking at whether to spin off assets such as motorcycle maker Ducati and transmissions maker Renk, its new chief executive said, as the autos group strives to streamline its operations and become more efficient.

** Pillarstone has taken over Manucor after restructuring the Italian packaging firm’s debt, the debt managing platform set up by U.S. investment firm KKR said.

** Australian gas producer Santos Ltd said it expects to complete talks with suitor Harbour Energy within a few weeks, as the U.S. private equity-backed firm finalises due diligence on its $10.4 billion takeover offer. (Compiled by Sanjana Shivdas 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