January 10, 2020 / 2:56 PM / 7 days ago

Deals of the day-Mergers and acquisitions

(Adds T-Mobile, Geely Automobile, Atlantia, Thyssenkrupp, Updates Takeaway.com, Eli Lilly)

Jan 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** A federal judge who is set to assess the Justice Department’s approval of T-Mobile US’s plan to buy smaller rival Sprint Corp said he would likely open the docket for comments on the $26 billion telecoms merger.

** China’s Geely Automobile Holding is in talks with Aston Martin management and investors about taking a stake in the luxury carmaker, according to a source close to the discussions and a report by the Financial Times, sparking a sharp jump in the British company’s share price.

** Online food ordering company Takeaway.com has won the battle for Britain’s Just Eat with a 6.2 billion pound ($8 billion) share offer that will create one of the world’s largest meal delivery companies.

** Thyssenkrupp is considering reviving plans for a steel merger with smaller German peer Salzgitter, magazine Der Spiegel reported, not citing where it obtained the information.

** Italy’s Benetton-backed Atlantia is preparing to restart an auction process to sell up to 49% of its toll-road payment business, Telepass, after bids last year valued the entire business at more than 2 billion euros ($2.2 billion), three sources said.

** Eli Lilly and Co said it would buy skin disease specialist Dermira Inc for about $1.1 billion in cash, bolstering its arsenal with an experimental therapy for skin condition atopic dermatitis.

** Sorrento Therapeutics Inc said it had received a proposal from a private equity fund interested in acquiring a majority or all of its outstanding shares, valuing the company at as much as $993 million.

** Private equity firm Blackstone Group Inc has secured $3.4 billion from investors for its first fund dedicated to investments in the life sciences sector, targeting $4.6 billion in total, a regulatory filing showed on Thursday.

** South African gold producer Sibanye-Stillwater has exercised an option to acquire an additional 12% interest in DRDGOLD, bringing its total stake to 50.1%, the smaller miner announced.

Compiled by Trisha Roy and Ambhini Aishwarya in Bengaluru

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