Deals of the day-Mergers and acquisitions

Wed Oct 7, 2015 4:00pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds API Tech, Canadian Oil Sands, GE, Deutsche Wohnen, Steris Corp, Staples; Updates Bombardier, SABMiller, Intesa Sanpaolo)

Oct 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** SABMiller, the world's second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev, saying its 68 billion-pound ($104 billion) valuation was "very substantially" under par.

** The U.S. Federal Trade Commission is likely to delay a decision on approving Staples Inc's $6.3 billion takeover of rival Office Depot Inc, the Wall Street Journal reported.

** Canadian Oil Sands Ltd announced a new poison pill to try to thwart Suncor Energy Inc's hostile takeover bid, setting the stage for a drawn-out battle that could reshape Alberta's high-cost oil sands industry. Suncor made an unsolicited all-stock offer to acquire Canadian Oil Sands on Monday, valuing it at about C$4.3 billion ($3.29 billion)

  Continued...