Deals of the day- Mergers and acquisitions

Mon Dec 23, 2013 4:06pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Dec 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Jos. A. Bank Clothiers Inc has rebuffed a $1.5 billion takeover bid by Men's Wearhouse Inc, prompting its larger rival to explore other ways to satisfy investors' hunger for a merger of the suit retailers.

** Loss-making Russian coal miner and steelmaker Mechel OAO plans to raise around $1 billion from the sale of assets in 2014 which would help it to offset $2 billion debt it has to repay next year, the company said.

** Regency Energy Partners LP, owned by billionaire Kelcy Warren's Energy Transfer Equity LP, said it would buy pipeline and related assets for about $1.6 billion to take advantage of soaring crude production in Texas.

** South Korea's Shinhan Financial Group Co Ltd, BS Financial Group Inc, Industrial Bank of Korea and a consortium joined by private equity firm MBK Partners were among final bidders for Woori Finance Holdings Co Ltd's two regional banking units, officials at the bidding parties said.

The 57 percent stakes in the two banks are being sold separately but are together expected to fetch 1.3 trillion to 1.8 trillion won ($1.23 billion to $1.7 billion), the Korea Economic Daily reported.   Continued...