Deals of the day- Mergers and acquisitions

Thu Jun 5, 2014 10:01am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds Societe Generale, Just Energy Group, Santander, Holcim)

June 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:

** Microblogging platform Twitter Inc has been in talks with Berlin-based audio-sharing website SoundCloud in its efforts to add a music service to its offering, the Financial Times reported, citing people familiar with the matter. Twitter has weighed up deals worth billions of dollars and also considered buying music-streaming service Spotify and internet-radio provider Pandora Media Inc, the newspaper said.

** Sprint Corp has agreed to pay about $40 per share to buy T-Mobile US Inc, a person familiar with the matter said, marking further progress in the attempt to merge the third- and fourth-largest U.S. mobile network operators. The $40 price represents a 17 percent premium to T-Mobile US's closing share price on Wednesday, giving it a valuation of more than $32 billion. The shares have more than doubled in price since the group bought smaller rival MetroPCS a year ago.

** France's Societe Generale and Spain's Santander are mulling a tie-up with Germany's second-largest lender, Commerzbank AG, German magazine Bilanz reported on Thursday. A delegation from Societe Generale recently met representatives of the German government to talk about Berlin's 17 percent stake in Commerzbank, the report said, without specifying its sources.

  Continued...