November 20, 2018 / 10:08 AM / in 24 days

Deals of the day-Mergers and acquisitions

(Adds Alitalia, Sainsbury, MHP, Disney, Kuwait Projects, Steag, Takeda)

Nov 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** The state-appointed commissioners running Alitalia have accepted a binding purchase offer for the national carrier by the Ferrovie dello Stato (Fs) state railway company, a source close to the matter said.

** British supermarket group Sainsbury’s proposed takeover of rival Asda could lead to a further price squeeze for farmers and reduce the choice and innovation of products available for shoppers, the National Farmers’ Union (NFU) said.

** Ukraine’s poultry firm MHP has signed an agreement to buy 90.7 percent of Slovenian poultry producer Perutnina Ptuj (PP), PP’s owner Slovenska Industrija Jekla (SIJ) said.

** Amazon.com Inc and private equity firm Blackstone Group are bidding for Walt Disney Co’s 22 regional sports networks, including New York-focused Yes Network, CNBC reported, citing sources familiar with the matter.

** Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, has hired Goldman Sachs to advise it on the sale of its majority stake in pay-television operator OSN, sources familiar with the matter told Reuters.

** German utility Steag plans to acquire RWE’s stake in a jointly owned hard coal-fired power plant, it said, adding it had already informed Germany’s cartel office about the move.

** The European Commission said that it approved the $62-billion takeover of London’s Shire plc by Takeda Pharmaceutical of Japan, subject to the divestment of a Shire drug in development.

** Two shareholder advisory firms have backed Takeda Pharmaceutical Co Ltd’s $62 billion takeover offer for drugmaker Shire Plc, dealing a blow to a group of investors who hope to block the deal.

** Italy’s biggest utility Enel SpA has no plans to sell its 50 percent stake in broadband infrastructure company Open Fiber, Enel’s chief executive said.

** CVS Health Corp said that it expects to close its $69 billion purchase of health insurer Aetna Inc after the Thanksgiving holiday.

** Columbia Threadneedle, a top-5 investor in Restaurant Group Plc, said it would vote against the company’s proposed acquisition of noodle chain Wagamama for 357 million pounds ($458.50 million).

** Colfax Corp made a big bet on the medical device industry with its $3.15 billion purchase of DJO Global Inc, but its shares fell 15.2 percent as investors worried about its shift away from its industrial roots to a completely new sector.

** Middle East ride-hailing firm Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential mergers and acquisition deal in the region with Uber Technologies Inc , three sources familiar with the matter said.

** Indian conglomerate Tata Sons Ltd will go slow on a deal to buy Jet Airways (India) Ltd after some directors expressed reservations at an inconclusive board meeting last Friday, the Times of India reported.

** The boss of British low-cost airline easyJet Plc said he did not have “any interest in this particular topic on Flybe Group Plc at the moment” when he was asked if he would be interested in buying the struggling airline.

** Finnish payment software firm Basware Oyj said it has received an indicative takeover proposal from U.S. peer Tradeshift.

** Aegean Marine Petroleum Network Inc said it has received a $681 million “stalking horse bid” by Swiss commodities trader Mercuria Energy Group Ltd.

** U.S. medical device maker Boston Scientific Corp has agreed to buy Britain’s BTG Plc for 3.3 billion pounds ($4.24 billion) in cash, adding technology to fight cancer and other serious diseases to its portfolio. (Compiled by Mary Ann Alapatt and Shanti S Nair in Bengaluru)

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