November 6, 2018 / 10:08 AM / 11 days ago

Deals of the day-Mergers and acquisitions

(Adds Eli Lilly, Altice, Enel, Thomson Reuters, illycaffe, Investors Bancorp, Walt Disney, Rosneft, Chengtong Holdings; Updates Bojangles)

Nov 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Eli Lilly and Co will consider more acquisitions similar to its $1.6 billion purchase of cancer drug developer Armo Biosciences earlier this year, the drugmaker’s chief financial officer said.

** Walt Disney’s $71.3-billion offer to buy Twenty-First Century Fox Inc’s entertainment assets won approval from the European Commission on Tuesday, subject to Disney selling interests in factual TV channels in Europe.

** Fast-food chain Bojangles Inc is being taken private by investment firms Durational Capital Management LP and Jordan Co for $593.7 million, the latest deal in a sector that is struggling with high costs and increased competition.

** Russian oil giant Rosneft said that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a half of a 14.16 percent stake in the company.

** Thomson Reuters Corp, is looking to make “substantive” acquisitions to boost its legal and tax units after selling a majority stake in its financial terminal business, Chief Executive Officer Jim Smith said.

** Private equity firm Thoma Bravo LLC has approached Symantec Corp to express interest in acquiring the Norton antivirus software maker, people familiar with the matter told Reuters.

** U.S. regional bank Investors Bancorp Inc has hired deal adviser Keefe, Bruyette & Woods Inc, to find a potential buyer, the Wall Street Journal reported, citing people familiar with the matter.

** Swiss wealth managers Heritage Bank SA and Sallfort Privatbank SA will merge as of January, combining banks controlled for generations by families who prospered in commodities trading, the partners said.

** China’s Chengtong Holdings Group, a state-owned investment and asset-operating company, is in talks with Russian real estate developer Hals Development to buy the Peking Hotel in central Moscow, three sources familiar with the talks said.

** Italy’s Enel played down talk it was interested in buying Colombian distributor Electricaribe after citing acquisitions as one of the reasons for raising its 2018 debt forecast.

** U.S. investment bank Stifel has agreed to buy Germany’s Mainfirst Bank to build scale in its German and Swiss equity research business and to prepare for Britain’s departure from the European Union, the two firms said.

** AstraZeneca is selling three older drugs for asthma and rhinitis for at least $350 million as the company continues a strategy of divesting assets and investing in its pipeline of new medicines.

** Rival consortia led by U.S. buyout fund KKR and Germany’s insurer Allianz are among the four main contenders for a stake in the fibre network business of Dutch-based telecom company Altice, sources said.

** Italy’s premium coffee maker illycaffe is not considering selling a minority stake in the family-owned company to financial investors, Chairman Andrea Illy told Reuters.

** Serbia’s state-run Telekom Srbija has purchased Belgrade-based cable TV, telephony and internet provider Kopernikus for around 200 million euros ($228.1 million), the Vecernje Novosti newspaper reported, citing sources.

** Russian oil giant Rosneft said that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a 14.16 percent stake in the company.

** Kuwait’s central bank is studying the “added value” that could arise from a potential merger between Kuwait Finance House and Bahrain’s Ahli United Bank, Al Arabiya TV said in a tweet.

** Danish hearing aid maker Widex and German rival Sivantos have withdrawn their application for the European Commission to approve their planned $8 billion merger, public records show, although Widex said the two remained committed to a deal.

** Property Exchange Australia (PEXA), an online real estate settlements firm, said a consortium led by two of its owners will buy the company for A$1.5 billion ($1.1 billion), a cut-price lifeline after it pulled a stock market listing a month earlier.

** General Electric Co is in talks to sell its commercial lighting business to private equity firm American Industrial Partners, Bloomberg reported, citing people familiar with the matter. ($1 = 0.8769 euros) (Compiled by Mary Ann Alapatt and Soundarya J in Bengaluru)

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