January 17, 2019 / 11:00 AM / 6 months ago

Deals of the day-Mergers and acquisitions

(Adds LyondellBasell, Alphabet, Idea Bank, Sears, Husky Energy, Palmet, Forte Oil, Archer Daniels)

Jan 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** Brazil’s recent change of government has further delayed the long-awaited finalization of LyondellBasell Industries NV’s plan to buy Brazilian petrochemical company Braskem SA , three sources with knowledge of the matter said this week.

** Fossil Group Inc said it would sell its intellectual property related to a smartwatch technology currently under development to Alphabet Inc’s Google for $40 million, sending the watchmaker’s shares up as much as 11 percent.

** Poland’s Idea Bank has agreed to buy rival Getin Noble Bank in an all-share deal to create the country’s seventh largest bank.

** Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said, allowing it to keep its more than 400 stores running.

** Canadian oil producer Husky Energy shocked investors on Thursday when it abandoned its hostile bid for MEG Energy, saying it could not win sufficient MEG shareholder support after Alberta’s government ordered production cuts to reduce a crude glut.

** Exchange operator Nasdaq Inc is meeting with the board of Oslo’s stock exchange operator on Thursday to discuss a possible purchase, the Financial Times reported, citing people familiar with the matter.

** Turkish gas distributor Palmet is in talks to acquire the Turkey energy business of Germany’s EWE, an official from Palmet said, after Azeri state firm SOCAR confirmed it had withdrawn from discussions to buy the assets.

** Nigerian energy firm Forte Oil plans to enter into talks to sell its power unit to its major investor, billionaire Femi Otedola, after it failed to secure a deal via a public tender.

** Saline Water Conversion Corp (SWCC), which operates desalinisation plants and power stations in Saudi Arabia, has asked banks for proposals for an advisory role on the sale of stakes in assets such as desalination plants, two people familiar with the matter said.

** U.S. agribusiness group Archer Daniels Midland Co said it had agreed to buy the remaining 50 percent stake in British grain merchant Gleadell it does not already own from French co-operative InVivo.

** Siemens will not make further concessions to save a rail merger deal with France’s Alstom even after European competition authorities demanded further concessions, sources familiar with the matter said.

** U.S. financial technology provider Fiserv Inc said on Wednesday it had agreed to buy payment processor First Data Corp in a $22 billion all-stock deal, the biggest ever acquisition in the booming market for digital payments.

Compiled by Shradha Singh in Bengaluru

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