November 5, 2019 / 11:06 AM / 11 days ago

Deals of the day-Mergers and acquisitions

(Adds Walgreens Boots Alliance, T-Mobile US Inc, Royal Dutch Shell, Houlihan Lokey, INWIT)

Nov 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Tuesday:

** Walgreens Boots Alliance Inc has been exploring whether to go private following private equity interest in the U.S drug store chain, which has a market value of more than $55 billion, according to people familiar with the matter.

** The Federal Communications Commission released its order approving T-Mobile US Inc’s proposed $26.5 billion tie-up with Sprint Corp in a vote split along party lines.

** South Africa’s national oil company PetroSA and Russia’s state geological company Rosgeologia are in talks to finalise a $359 million farmout deal to give Russia its first foothold in a prospective oil and gas field offshore South Africa, three sources said.

** National Bank of Bahrain, which has a 29% stake in Bahrain Islamic Bank, has made an offer to buy the rest of the Islamic lender in another sign of consolidation in the Gulf banking market.

** Germany’s Stada agreed to purchase over-the-counter and prescription drugs units from Japan’s largest drugmaker Takeda for $660 million, part of two deals that boost its Russian and Eastern European footprint.

** Finland’s Mehiläinen announced a recommended cash offer for rival healthcare services provider Pihlajalinna Oyj , which values its shares at 362 million euros ($403 million).

** British nanotechnology company Nanoco Group Plc said it was in early discussions over a potential sale, as it tries to recover from the loss of a major contract this year that led to a sharp selloff in its shares.

** Xerox Holdings Corp will sell its 25% stake in Fuji Xerox, its joint venture with Fujifilm Holdings, for $2.3 billion, after investor activism scuppered a deal involving the two companies.

** A Sony Corp-led taxi-hailing joint venture in Japan said telecommunications firms NTT Docomo and KDDI Corp would invest in the company.

** Australian pension funds QSuper and Sunsuper are in early-stage discussions to merge and form the country’s largest pension manager, as regulatory pressure drives consolidation in the industry, known locally as superannuation.

** First Horizon National Corp and IBERIABANK Corp said on Monday they had agreed to merge to create one of the largest banks based in the southeast of the United States.

** Inmarsat, the British satellite firm being acquired by a private equity-led consortium, has rejected a call by investor Oaktree Capital to delay the takeover court hearing until there is clarity on the status of its U.S. spectrum holdings.

** Royal Dutch Shell is buying French renewable power company EOLFI as part of its plans to ramp up the oil major’s electricity business.

** Houlihan Lokey said it had bought Spanish mid-cap advisory firm Fidentiis Capital, without disclosing any financial details, as part of the U.S. investment bank’s European expansion strategy.

** INWIT, the mast group controlled by Telecom Italia , still expects to wrap up a deal with Vodafone to merge their tower infrastructure in Italy in the first part of next year, INWIT’s head said. (Compiled by Dania Nadeem and Manojna Maddipatla in Bengaluru)

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