July 2, 2018 / 11:06 AM / 17 days ago

Deals of the day-Mergers and acquisitions

(Updates Dell Technologies, Perry Ellis, Thyssenkrupp, Archer Daniels Midland and Carrefour)

July 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Nissan Motor cancelled a potential $1 billion sale of its electric car battery unit to China’s GSR Capital, and while the automaker said it still aimed to find a buyer, analysts feel it could be a hard sell as the technology was not cutting edge.

** Dell Technologies Inc said on Monday it would pay $21.7 billion in to buy back shares tied to its interest in software company VMware Inc, paving the computer maker’s way back to the public market without an initial public offering.

** Vedanta Resources Plc said Chairman Anil Agarwal’s family trust has agreed to buy the rest of Vedanta in a deal that values the mining conglomerate at 2.3 billion pounds ($3.03 billion).

** Men’s accessories maker Randa Accessories offered to buy Perry Ellis International Inc at $28 per share, 50 cents higher than a competing offer from the apparel brand firm’s founder George Feldenkreis.

** Japanese media company Uzabase Inc said it has agreed to buy business news website Quartz from U.S. peer Atlantic Media in a deal valued at $75 million to $110 million as it looks to accelerate its overseas expansion.

** Acxiom Corp is nearing a deal to sell its marketing solutions division to Interpublic Group of Companies Inc for around $2.2 billion, a person familiar with the matter said.

** Indian shopkeepers and traders affiliated to a local lobby group began sit-in protests across the country against Walmart Inc’s proposed $16 billion acquisition of e-commerce firm Flipkart.

** Britain’s Micro Focus Intl has agreed to sell its open-source enterprise software SUSE business to a private equity fund advised by Sweden’s EQT Partners for $2.535 billion, lifting its shares by 6 percent on Monday.

** Nordea Bank has agreed to buy Gjensidige Forsikring’s online banking business for about 5.5 billion crowns ($673 million) in cash as the Nordic region’s biggest bank seeks to expand its internet-based services.

** Germany’s Thyssenkrupp called a landmark joint venture thrashed out with India’s Tata Steel “fair” on Monday, although the updated terms disappointed some shareholders.

** Colony Capital, TPG and Cerberus Capital Management are among at least six firms vying to run Abraaj’s $1 billion healthcare fund, three sources familiar with the matter said.

** Israel’s Delek Group said an agreement to sell its stake in insurer Phoenix Holdings to Sirius International Insurance fell through after it failed to win regulatory approval.

** Italian oil firm Eni has agreed to merge its oil and gas business in Norway with privately-held Point Resources, retaining the majority stake, the company said.

** French investment company Eurazeo said it had started talks over the acquisition of Albingia, an insurance company with premiums of more than 220 million euros ($256 million) which Eurazeo said had a leading presence in its sector.

** United Arab Emirates (UAE) education and healthcare investment firm Amanat Holdings said that it has agreed to acquire Middlesex University’s campus in Dubai, which is partly owned by embattled private equity company Abraaj.

** The indebted Chinese owner of Italian soccer club AC Milan has valued the club at around 700 million euros ($818 million) and has decided against a quick sale for a much lower valuation to U.S. television tycoon Rocco Commisso, a source said.

** Archer Daniels Midland Company (ADM) is in exclusive talks to take over French animal feed business Neovia for 1.5 billion euros ($1.8 billion) as part of the U.S. farm giant’s strategy to expand in the fast growing animal nutrition sector.

** China’s debt-saddled HNA Group Co Ltd cancelled its A$280 million ($207 million) purchase of an Australian logistics business, with the seller citing cashflow problems at the conglomerate among reasons for the deal’s collapse.

** Europe’s largest supermarket groups Carrefour and Tesco have agreed to form a global purchasing alliance to demand better terms from major suppliers in the latest attempt by the industry to drive down costs.

** India’s Carnival Cinemas and a partner in the United Arab Emirates (UAE) are in talks to buy Qatar-based Novo Cinemas’ theatres in the UAE and Bahrain, three sources familiar with the matter told Reuters. (Compiled by Manas Mishra and Nivedita Balu in Bengaluru)

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