Deals of the day- Mergers and acquisitions

Thu Apr 17, 2014 4:01pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds Athasbasca, America Movil, Barnes & Noble; Updates Etihad Airways, Post Holdings)

April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1600 GMT on Thursday:

** Standard Chartered's planned sale of its Hong Kong consumer finance unit has drawn first-round bids from suitors like Carlyle Group and Bain Capital, lured by the unit's industry-beating returns, people familiar with the matter said.

** Troubled UK insurer RSA has sold the bulk of its eastern European operations to Poland's state-controlled group PZU for some 360 million euros ($500 million), the Polish firm's biggest deal and RSA's first to be done under its financial restructuring plan.

** Chemtura Corp struck a deal to sell its agrichemicals business to rival Platform Specialty Products Corp for about $1 billion as it transforms itself into a pure-play industrial specialty chemical company.

** Athasbasca Oil Corp said on Thursday it has exercised an option to sell its 40 percent stake in the planned Dover oil sands project to its partner PetroChina Co for C$1.32 billion ($1.20 billion) after the project received final approvals from the government of Alberta.   Continued...