July 9, 2018 / 10:25 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds Sportradar, Deutsche Telekom, Hospitality Property Fund, Comcast and Siemens; Updates Randa)

July 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Siemens and Alstom are set to face a full-scale EU antitrust investigation this week after declining to provide concessions to allay regulatory concerns about their plan to combine their rail operations, two people familiar with the matter said.

** Comcast Corp is identifying potential buyers for Twenty-First Century Fox Inc’s regional sports networks in an attempt to ease antitrust concerns about a new bid to acquire most of Fox’s assets, people familiar with the matter told Reuters.

** South African property fund Hospitality Property Fund has acquired seven casino and hotel businesses from Tsogo Sun in a shares and subscription agreement worth 23 billion rand ($1.72 billion), the companies said.

** EU antitrust regulators approved Deutsche Telekom’s 1.9-billion-euro ($2.23 billion) purchase of cable provider Liberty Global’s Austrian unit, saying the deal would not hurt competition.

** Canada Pension Plan Investment Board and Silicon Valley-based investor TCV are buying a stake in Sportradar, valuing the Swiss sports data group at 2.1 billion euros ($2.5 billion), including debt, the companies said.

** German publisher Axel Springer has raised its holding in British online estate agent Purplebricks Group to 12.5 percent and does not rule out a further increase.

** UK private equity firm Better Capital PCC Ltd’s sale of airplane parts firm Northern Aerospace Ltd to a Chinese buyer has fallen through after regulators did not issue approval following a probe into national security concerns.

** PayPal Holdings Inc is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2 billion, in the U.S. payments company’s biggest ever deal.

** China’s COSCO Shipping Holdings, said on Sunday a key U.S. review body has cleared its planned $6.3 billion acquisition of shipping firm Orient Overseas International Ltd (OOIL) on security issues.

** The Weinstein Co, its buyer and creditors on Friday said they reached a deal to increase the bankrupt film studio’s sales price by $2 million, to $289 million, to ensure the deal goes through.

** PAI Partners has raised its proposed takeover offer for Ontex and gained access to the Belgian diaper maker’s books, the private equity firm said on Monday, after its previous offer was rejected as too low.

** Men’s accessories maker Randa said it would engage with Perry Ellis International Inc’s shareholders to pressure the apparel maker into accepting its bid after Perry Ellis’s board rejected its takeover proposal. (Compiled by Diptendu Lahiri and 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