Deals of the day-Mergers and acquisitions

Wed Jul 8, 2015 7:00am EDT
 
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July 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:

** Potash Corp of Saskatchewan Inc is confident that K+S AG shareholders would accept its $8.7 billion bid, but is open to raising it if its German rival could reveal more value not currently seen by the Canadian company, the Globe and Mail reported, citing a source close to the deal.

** Software security company Symantec Corp is in talks to sell its Veritas data storage business to private equity firm Carlyle Group LP, a person familiar with the matter said on Tuesday. The exact status of the talks could not be learned. Bloomberg had earlier reported, citing sources, that Symantec was nearing a deal to sell Veritas to Carlyle for $7-$8 billion.

** An advisory firm recommended South Korea's National Pension Service (NPS) vote against a proposed $8 billion merger of two Samsung Group companies, a deal seen as critical to a leadership transfer at the country's top conglomerate. NPS is the is the biggest single shareholder in takeover target Samsung C&T Corp

The Canada Pension Plan Investment Board, which holds a small stake C&T, said it was voting against the takeover offer by Cheil Industries Inc.

** U.S. health insurer Humana Inc and buyer Aetna Inc set fees to be paid in the event of a failure of the largest deal in the health insurance industry. Aetna, which said last week it would buy Humana for about $37 billion in cash and stock, has to pay a termination fee of $1.69 billion, Humana said in a regulatory filing on Tuesday. Humana would pay its larger rival $1.31 billion if the deal is terminated.   Continued...