May 20, 2019 / 11:23 AM / a month ago

Deals of the day-Mergers and acquisitions

(Updates T-Mobile)

May 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** T-Mobile US Inc’s $26 billion acquisition of rival Sprint Corp won the support of the head of the Federal Communications Commission, in a big step toward the deal’s approval.

** French luxury goods group LVMH has agreed to buy wine producer Le Chateau du Galoupet for an undisclosed sum, bolstering LVMH’s portfolio of top wines and spirits, such as Veuve Clicquot champagne and Hennessy Cognac.

** France’s largest asset manager Amundi is exploring a deal to merge its operations with Deutsche Bank’s listed asset manager DWS but only if it can take control, a source familiar with Amundi’s strategy said.

** Lions Gates Entertainment offered to sell cable channel Starz to CBS Corp for $5.5 billion after rebuffing a lower offer, two sources familiar with the matter told Reuters.

** Privately held 1776 Energy Operators LLC told Reuters it would put itself up for sale, after sources familiar with the South Texas-focused oil and gas producer said they expected it to be valued at around $1.5 billion, including debt.

** Wynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino outside of Boston to rival MGM Resorts International, the two companies said.

** Britain’s Co-op Bank approached Barclays Plc in November about Barclays acquiring it, but the talks did not proceed beyond the exploratory stage, the Telegraph newspaper reported late on Saturday.

** India’s debt-ridden Infrastructure Leasing and Financial Services (IL&FS) said Japan’s Orix Corp has expressed an interest in buying out the remaining 51% stake in IL&FS’s wind energy assets.

** Aspen Pharmacare said Mylan NV had exercised an option to buy the South African drugmaker’s portfolio of prescription and over-the-counter products in Australia for 188 million Australian dollars ($130 million).

** Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said, in a deal which an earlier report from the Financial Times said could be worth 1.9 billion euros ($2.1 billion).

** Carrefour, Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China and has started sounding out potential buyers, people familiar with the matter said. (Compiled by Aakash Jagadeesh Babu and Nivedita Balu in Bengaluru)

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