March 20, 2020 / 10:31 AM / 13 days ago

Deals of the day-Mergers and acquisitions

(Adds Li & Fung Ltd, Esselunga, EssilorLuxottica)

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

** French luxury goods maker LVMH, which last year agreed to buy Tiffany & Co for $16.2 billion, is considering buying shares of the U.S. jeweler for less on the open market, Bloomberg News reported, citing people familiar with the matter.

** Danaher Corp has won U.S. antitrust approval to buy General Electric’s biopharmaceutical business, GE Biopharma, for $21.4 billion on condition it sell some assets, the Federal Trade Commission said.

** Debt-laden French retailer Casino has agreed to sell its 567 Leader Price stores in France, plus three warehouses, to German discount rival Aldi in a deal with an enterprise value of 735 million euros ($792 million), it said.

** French energy group Total has agreed to buy Global Wind Power France for an undisclosed sum, it said, as it steps up investment in the renewable energy sector.

** Hong Kong-listed global sourcing and logistics group Li & Fung Ltd said it had received an offer worth $931 million to take the company private.

** Esselunga, one of Italy’s biggest supermarket chains, has been valued at 6.1 billion euros ($6.5 billion) after an arbitration process, a source close to the matter said.

** EU antitrust regulators are focusing on the impact of Ray-Ban maker EssilorLuxottica’s 7.2 billion euro ($7.7 billion) bid for Dutch opticians group GrandVision in Italy and Britain, according to an EU document seen by Reuters. (Compiled by Amal S and Manojna Maddipatla in Bengaluru)

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