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Oil and Gas

Deals of the day-Mergers and acquisitions

(Adds Ossur Hf, Social Finance)

April 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Online student lender Social Finance Inc has agreed to acquire payments and banking technology provider Galileo Financial Technologies for $1.2 billion in cash and stock, the companies said.

** Iceland’s Ossur Hf has won U.S. antitrust approval to buy College Park Industries on condition it sells the U.S. company’s prosthetic elbow business, the Federal Trade Commission said.

** Japan’s Softbank Group Corp reached an agreement to invest 250 million reais ($48 million) in pet products online retailer Petlove.

** Dubai-based private equity firm Gateway Partners has acquired a 40% stake in the Gulf franchise of coffee and breakfast chain Tim Hortons, two sources familiar with the matter told Reuters.

** Commodities trader Glencore Agriculture has bid $325 million for the minority stake in Argentine soy crushing plant Renova held by bankrupt family-owned company Vicentin, two sources close to the negotiations told Reuters.

** Infineon Technologies said that it had received final regulator clearance for its takeover of U.S. Cypress Semiconductor and that funding was in place to complete the deal.

** With their sales hammered by the coronavirus outbreak, car makers Fiat Chrysler and Peugeot’s owner PSA have postponed their shareholder meetings and are looking at ways to boost cash reserves ahead of their planned merger.

** Total said it had sold assets in Brunei, Sierra Leone and Liberia, which the French energy group said represented a total value of more than $400 million.

** Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday.

** Airbnb said on Monday private equity firms Silver Lake and Sixth Street Partners will invest $1 billion in the U.S. home rental company, bolstering its finances at a time when the coronavirus outbreak has roiled the travel and leisure industry. (Compiled by Shanti S Nair and Ayanti Bera in Bengaluru)

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