September 24, 2019 / 10:00 AM / 21 days ago

Deals of the day-Mergers and acquisitions

(Adds Fiat Chrysler, Bain Capital, Sprint Corp, IP Group)

Sept 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Fiat Chrysler’s merger offer for Renault, which was abandoned in June, was no longer on the table and looked unlikely to be revived for now, the French carmaker’s Chairman Jean-Dominique Senard said.

** Bain Capital and Advent are in advanced talks about making a new takeover bid for German lighting group Osram , sources familiar with the matter told Reuters.

** The Federal Communications Commission said Sprint Corp received tens of millions of dollars in monthly government subsidies for 885,000 low-income subscribers that were not using the service and said its Enforcement Bureau is investigating.

** Embattled fund manager Neil Woodford is set to sell his entire stake in British intellectual property company IP Group in an accelerated book build, the bookrunner said.

** Thomas Cook’s Nordic business said it would continue to operate as it is a separate legal entity from its London-listed parent, which collapsed on Monday, and it was looking for new owners.

** Investment group PPF, owned by the Czech Republic’s richest man Petr Kellner, is the last remaining bidder to buy broadcaster Central European Media Enterprises (CME), from AT&T, Czech news server hlidacipes.org reported.

** Canada’s pension fund CPPIB has hired U.S. investment bank Citi to explore the sale of its 39% stake in European car park manager Interparking, several sources close to the matter said.

** Shares in mBank hit their highest level since early August, partly in response to speculation that Poland’s fourth largest lender by assets is up for sale.

** Fluor Corp said it will sell its government and equipment businesses following a strategic review that began in the second quarter.

** Hong Kong Exchange and Clearing’s (HKEX) bid to take over the London Stock Exchange is about “thinking big” and not about cost savings, HKEX’s Chief Executive Charles Li said.

** German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal likely to be worth up to $2.5 billion, sources said.

** Facebook Inc said on Monday it bought New York-based CTRL-labs, a start-up that is exploring ways for people to communicate with computers using brain signals, in a deal that CNBC said was valued at $1 billion.

** Tesla Inc Chief Executive Elon Musk urged investors to approve the 2016 purchase of SolarCity at a big premium to its market value despite knowing the solar installer faced a cash crunch and publicly stating he had recused himself from involvement in the deal, according to court documents unsealed on Monday. (Compiled by Ayanti Bera and Sanjana Shivdas in Bengaluru)

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