Advertisement
UK markets close in 7 hours 52 minutes
  • FTSE 100

    7,893.81
    +45.82 (+0.58%)
     
  • FTSE 250

    19,377.22
    +37.08 (+0.19%)
     
  • AIM

    743.27
    +0.15 (+0.02%)
     
  • GBP/EUR

    1.1670
    +0.0003 (+0.03%)
     
  • GBP/USD

    1.2471
    +0.0014 (+0.11%)
     
  • Bitcoin GBP

    49,029.18
    -1,932.74 (-3.79%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • DOW

    37,753.31
    -45.66 (-0.12%)
     
  • CRUDE OIL

    82.49
    -0.20 (-0.24%)
     
  • GOLD FUTURES

    2,393.00
    +4.60 (+0.19%)
     
  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     
  • HANG SENG

    16,418.25
    +166.41 (+1.02%)
     
  • DAX

    17,819.43
    +49.41 (+0.28%)
     
  • CAC 40

    8,027.30
    +45.79 (+0.57%)
     

Deals of the day-Mergers and acquisitions

(Adds Intel, Thyssenkrupp, Gawker.com, CVS Health Corp, Borsalino, FPT Corp, KMG International; Updates Sky, Linde, Freeport-McMoRan)

July 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Thursday:

** Intel Corp said that it plans to acquire eASIC, a small chipmaker that will help further Intel's efforts to diversify away from CPU chips.

** The premier of the German state where Thyssenkrupp is based backed the company's chairman in opposing a breakup of the industrial conglomerate following the resignation of CEO Heinrich Hiesinger.

** U.S. entrepreneur Bryan Goldberg, the owner of websites Bustle, Elite Daily and The Zoe Report, has prevailed in the bankruptcy auction for Gawker.com with what sources said was a $1.35 million bid.

ADVERTISEMENT

** Shares of CVS Health Corp and health insurer Aetna Inc rose more than 2 percent after CNBC reported that the U.S. Justice Department will not challenge their planned merger.

** Italy's Borsalino, one of the world's most famous hat makers and known for Humphrey Bogart's fedora in the film "Casablanca", has been rescued by Haeres Equita, a group of investors led by a Swiss-Italian financier.

** Vietnamese technology firm FPT Corp agreed to pay at least $30 million for 90 percent of U.S.-based consulting firm Intellinet Corp, FPT said.

** KMG International (KMGI), a subsidiary of Kazakh state oil company KazMunayGaz, said it still plans to buy another 26.7 percent of Rompetrol Rafinare S.A. from the Romanian government.

** Sky shares leapt to an 18-year high as investors bet a transatlantic battle for the European pay-TV group had further to run, after Comcast's $34 billion bid trumped an offer from Rupert Murdoch made just hours earlier.

** Comcast Corp raised its all-cash offer for Britain's Sky to $34 billion, topping a raised bid of $32.5 billion for the pay-TV group from Rupert Murdoch's Twenty-First Century Fox.

** Broadcom Inc announced a $18.9 billion deal to buy U.S. business software company CA Inc, venturing far beyond its realm of semiconductors and testing investors' confidence in its Chief Executive Officer Hock Tan's dealmaking credentials.

** U.S. retailer Walmart Inc has decided to sell Japanese supermarket chain Seiyu and has already approached major retailers and private equity funds, the Nikkei business daily reported.

** Linde and Praxair will win approval regulatory clearance for their planned $83 billion merger after pledging to sell Praxair's assets to boost a Japanese rival in Europe, two people familiar with the matter said.

** Nestle is selling some small New Zealand candy brands, including Mackintosh's toffees and Black Knight licorice, to Australia's Quadrant Private Equity, the latest example of the world's biggest food company tidying up its portfolio.

** Minority shareholders in Brazilian power utility CPFL Energia Renováveis SA have filed a new complaint with Brazilian regulators over a proposal by China's State Grid Corp to buy them out for 13.81 reais per share, two Brazilian newspapers reported.

** Banco Popular received a takeover offer worth 5.5 billion euros ($6.4 billion) just months before being wound down and sold to Banco Santander for one euro, a former chairman said.

** Lanxess's water treatment business has attracted the interest of potential buyers since the German chemicals group put the unit on the block to streamline its portfolio, people close to the matter said.

** Italy's Edizione has completed the acquisition of a 29.9 percent stake in Cellnex from Abertis and believes the Spanish telecom masts group has important growth prospects, the holding company of the Benetton family said.

** Canada Pension Plan Investment Board (CPPIB) said it will invest in China's rental housing sector with local property developer Longfor Group, with an initial targeted investment of $817 million.

** Pharmaceutical products distributor Sinopharm Group Co Ltd said late on Wednesday it would buy 60 percent of a medical devices distributor from the controlling parent company for 5.11 billion yuan ($765.4 million), as it aims to expand market share in its medical device distribution business.

** Freeport-McMoRan Inc said it will sell a majority stake in the world's second-biggest copper mine to the Indonesian government, seemingly ending a long-running dispute via a series of complex deals worth $3.85 billion.

** U.S. defense contractor Engility Holdings Inc is exploring a sale, amid a wave of consolidation in the U.S. government services sector, three people familiar with the matter said on Wednesday.

** British outsourcing company Capita Plc expects to raise more than 400 million pounds ($528.0 million) from non-core asset disposals in 2018, 100 million pounds ahead of its previous target.

** German drugs packaging maker Gerresheimer has agreed to buy Swiss firm Sensile Medical for up to 350 million euros ($409 million) to expand in the field of digital drug delivery devices.

** Weatherford International Plc said it will sell its land drilling rig operations in Algeria, Kuwait, and Saudi Arabia, as well as two rigs in Iraq, to ADES International Holding for $287.5 million.

** Lagardere has agreed to sell its online health businesses for an enterprise value of 60 million euros ($70 million), the French media group said.

** Planemaker Embraer SA is counting on the votes of public-sector Brazilian shareholders to outweigh any potential investor objections to its tie-up with Boeing SA , two people with knowledge of the matter said.

** German carmaker BMW said it was developing its joint venture with China's Brilliance but did not confirm reports it would raise its stake in BMW Brilliance Automotive (BBA). (Compiled by Arunima Banerjee and Nikhil Subba in Bengaluru)