November 28, 2018 / 10:43 AM / 11 days ago

Deals of the day-Mergers and acquisitions

(Adds Sears, Nutrien, DEPA, Murphy Oil, Acuris, Evoca, PAG, Eaton Corp, MTN Group, Restaurant Group, Eurasia Drilling; updates Unilever, Experian, NordLB)

Nov 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Sears Holdings Corp Chairman Eddie Lampert’s hedge fund and Cyrus Capital Partners LP are preparing a potential takeover bid to keep the bankrupt retailer running, Bloomberg reported.

** Canadian fertilizer giant Nutrien will auction its 23.77 percent share in Chile’s SQM on Dec. 3, the Chilean stock exchange said, a final step toward completing the sale of a coveted stake in the world´s No. 2 lithium producer to China’s Tianqi.

** Greece’s state-controlled DEPA gas company has concluded the acquisition of Shell’s 49 percent stake in a domestic gas supplier and in a gas distributor in Athens, becoming the sole stakeholder in the two companies, it said.

** Murphy Oil Corporation is in talks to sell its Malaysian oil and gas assets after an unsolicited bid that could fetch between $2 billion to $3 billion, people familiar with the matter said, in the latest energy M&A deal in the Southeast Asian nation.

** European buyout fund BC Partners is preparing to sell its financial news and data business Acuris in a deal that could be worth more than 1 billion pounds, three sources with knowledge of the matter told Reuters.

** Private equity fund Lone Star has hired Deutsche Bank to explore a potential sale of its Italian vending and coffee machine maker Evoca, which includes iconic brand Gaggia, Evoca CEO Andrea Zocchi told Reuters.

** Hong Kong-based PAG’s bid to buy Spring Real Estate Investment Trust fell through as it failed to secure the required acceptances from the realty firm’s unitholders.

** U.S.-listed power management company Eaton Corp is in advanced talks to buy Turkey’s Ulusoy Elektrik for around $300 million, two sources with knowledge of the deal told Reuters.

** A South African state-owned pension fund has raised its stake in mobile phone operator MTN Group to nearly 24 percent, regulatory filings showed, a bet on the company in the middle of $10.1 billion dispute with Nigeria.

** Restaurant Group’s investors approved its proposed acquisition of noodle chain Wagamama, a day after proxy voting adviser Pensions and Investment Research Consultants Limited asked shareholders to oppose the deal.

** Russia’s sovereign wealth fund, Mubadala of the United Arab Emirates and Saudi Arabia are in talks to buy a 16 percent stake in Russian oil drilling firm Eurasia Drilling, the head of the Russian fund said.

** German public sector bank NordLB has received four binding bids from private equity groups for a stake in the bank, a source close to the matter said.

** Canada’s Ensign Energy Services Inc said on Tuesday 56.38 percent of Trinidad Drilling Ltd shares have been tendered in its hostile offer, resulting in rival bidder Precision Drilling Corp walking away and the resignation of Trinidad’s top executives.

** Britain’s competition watchdog indicated it may block credit data company Experian’s takeover of rival ClearScore and warned the deal could stifle development of digital products that help customers understand personal finances.

** Shares of India’s Jet Airways Ltd rose sharply following a report that founder Naresh Goyal has agreed to sell his controlling stake and give up operational control of the struggling carrier.

** Telecom operator Zain Saudi Arabia has accepted an offer from IHS Holding, a mobile tower operator, for the sale and leaseback of its tower infrastructure in a deal valued at 2.43 billion riyals ($647.7 million), it said.

** French cosmetics maker L’Occitane International SA is drawing bids from private equity firms, including Advent International, the Financial Times reported.

** Unilever has emerged as the leading bidder in a tight contest for GlaxoSmithKline’s Indian Horlicks nutrition business, three people familiar with the situation told Reuters. (Compiled by Mary Ann Alapatt and Bharath Manjesh in Bengaluru)

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