July 27, 2018 / 10:21 AM / 23 days ago

Deals of the day-Mergers and acquisitions

(Adds Charter Communications, Tyson Foods, Hammerson, Fox, Fnac Darty; Updates BP Plc)

July 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** The New York State Public Service Commission said it revoked its approval of the 2016 merger agreement between Charter Communications Inc and Time Warner Cable, arguing that Charter failed to build out its network for enough homes, and said the company must end its operations in the state.

** Tyson Foods Inc is in exclusive talks with Brazil’s Marfrig Global Foods to buy Keystone Foods, a U.S. supplier of chicken to McDonald’s, one source with knowledge of the matter said.

** Hammerson’s plan to offload property assets and buy back shares has failed to assuage investor unease over the British shopping centre owner’s strategy following its decision to spurn a 5 billion-pound ($6.6 billion) takeover by rival Klepierre earlier this year.

** Twenty-First Century Fox Inc and Walt Disney Co said their shareholders voted to approve Disney’s $71 billion purchase of Fox’s film and television assets.

** Germany is stepping up efforts to prevent companies in critical industries from falling into Chinese hands, taking a stake in a high-voltage network operator and planning to veto the sale of a machine-tooling business.

** Retailer Fnac Darty said it would examine whether to challenge a 20 million euros ($23 million) fine by the French antitrust body, after it failed to sell three out of six stores required following the takeover of Fnac by Darty.

** Italy’s biggest utility Enel is ready to discuss the sale of its stake in solar joint venture EF Solare to partner F2i, a source familiar with the matter said.

** U.S. hedge fund Elliott Management has raised its stake in Alpine Electronics Inc to 7.33 percent, a regulatory filing showed, the second increase since its ownership was first revealed this month.

** BP Plc has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton, for $10.5 billion, expanding the British oil major’s footprint in some of the nation’s most productive oil basins in its biggest deal in nearly 20 years.

** DHL Global Forwarding has signed an agreement with state-owned Ethiopian Airlines to set up a joint venture logistics company to serve Africa, the company that is part of Deutsche Post DHL Group said.

** BASF said it was confident an agreement with Russian billionaire Mikhail Fridman’s investment company Letter One to merge BASF’s oil and gas division with rival DEA could be signed over the next few weeks.

** Spain’s NH Hotel Group said it had received a letter of interest from U.S. global hospitality company Hyatt Hotels Corp, firing the gun on a takeover battle with Thailand-based Minor International.

** German industrial conglomerate Thyssenkrupp is planning to invest $150 to $250 million in a new U.S. headquarters for its elevators business, an executive told Reuters.

** German state bank KfW has agreed to take a 20 percent stake in high-voltage energy network operator 50Hertz, fending off an offer from China’s State Grid.

** Chesapeake Energy Corp plans to sell all of its Ohio natural gas acreage to privately owned Encino Acquisition Partners for about $2 billion, the company said on Thursday. (Compiled by Sanjana Shivdas and Aakash Jagadeesh Babu in Bengaluru)

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