May 19, 2016 / 10:17 AM / a year ago

Deals of the day- Mergers and acquisitions

May 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Thursday:

** France’s Technip announced an all-stock merger with U.S. rival FMC Technologies to create an oil services group with combined revenue of $20 billion.

** Singapore state investor Temasek Holdings and a consortium that includes China Investment Corp (CIC) and KKR & Co have advanced to a second round of bidding for a minority stake in Yum Brands Inc’s China unit, people familiar with the matter told Reuters.

** Buyout firm Onex Corp has revived an auction for Carestream Health that could value it at more than $3 billion, including debt, and is exploring a breakup of the U.S. medical imaging company, people familiar with the matter said.

** German drug and chemicals giant Bayer AG has made an unsolicited takeover offer for Monsanto Co, the world’s biggest seed company, as high inventories and low commodity prices spur consolidation in the global agrichemicals industry.

** Oil major BP Plc sold part of the stake its unit Castrol Ltd holds in Castrol India Ltd, but said it would remain a majority shareholder in the company.

** Australian electronics retailer JB Hi-Fi Ltd said on Thursday it was considering a buyout of appliances chain the Good Guys Discount Warehouses (Australia) Pty Ltd, a deal reported to be worth A$1 billion ($721 million).

** India’s Tata Communications Ltd is selling a 74 percent stake in its data center business to Singapore-based ST Telemedia for about $630 million including debt, the company said on Thursday.

** Australian wealth manager AMP Capital said on Thursday it had reached a deal to acquire the largest U.S. underground parking system for $370 million in a joint venture with private equity firm Northleaf Capital Partners.

** Pacific Exploration & Production Corp said its board was in favor of a restructuring proposal submitted by Catalyst Capital Group, after comparing it with a bid by EIG Global Energy Partners.

** Norway’s Yara International sees Vale SA’s fertilizer business as one of several investment opportunities, as the company eyes potential further acquisitions in Brazil, its chief financial officer said on Wednesday. (Compiled by Arunima Banerjee in Bengaluru)

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