June 11, 2019 / 10:35 AM / 9 days ago

Deals of the day-Mergers and acquisitions

(Adds Thyssenkrupp, T-Mobile, Petroleo Brasileiro SA, Via Varejo)

June 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Book distribution company Readerlink LLC is working towards making a bid for Barnes & Nobles Inc that would top hedge fund Elliott Management Corp’s agreed price to buy the U.S bookseller, the Wall Street Journal reported, citing a source.

** Private equity firm Apollo Global Management LLC said it had agreed to acquire U.S. digital imaging company Shutterfly Inc for $2.7 billion, including the company’s $900 million debt.

** Hudson’s Bay Co Executive Chairman Richard Baker said he had teamed up with other shareholders to offer to take the struggling Canadian department store operator private in a C$1.74 billion ($1.3 billion) cash deal.

** AGL Energy Ltd took a second tilt at telecoms firm Vocus Group Ltd with a fresh A$3.02 billion ($2.10 billion) offer - just weeks after withdrawing a previous approach - as it looks to cross-sell to its big customer base.

** Plans to merge carmakers Renault and Fiat Chrysler could re-emerge despite the breakdown of negotiations last week, France’s transport minister said, joining a chorus of French officials hoping the deal could be revived.

** British caterer Compass Group has agreed to buy Nordic rival Fazer Food Services for around 475 million euros ($538 million), the two companies said, giving it a stronger foothold in Scandinavia.

** Thyssenkrupp and Tata Steel’s plan to form a landmark joint venture was rejected by EU antitrust regulators, concerned that the deal would have pushed up prices and reduced competition.

** Ten states led by New York and California filed a lawsuit to stop T-Mobile US Inc’s $26 billion purchase of Sprint Corp, warning that consumer prices will jump due to reduced competition.

** Brazil’s state-controlled oil company Petroleo Brasileiro SA said it has signed a deal with local antitrust regulator CADE regarding the proposed sale of some of its refining installations.

** Brazilian businessman Michael Klein, whose family holds a 25.2% stake in Via Varejo SA, met with Starboard Partners and Apollo Global Management to discuss a potential joint bid for the country’s biggest appliances retailer, newspaper Valor Econômico reported.

Compiled by Aakash Jagadeesh Babu in Bengaluru

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