Deals of the day- Mergers and acquisitions

Mon Aug 11, 2014 4:02pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds Cutrale, Kommunalkredit, Superior Energy, SAIL, ValueAct Capital, Banca Popolare, MOL, Bunge Ltd; updates Kinder Morgan)

Aug 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Private equity giant TPG Capital Management LP made a $3.1 billion approach for Australia's Treasury Wine Estates Ltd, a source said, setting the scene for a possible bid war for the world's No.2 winemaker with rival KKR & Co.

** British infrastructure company Balfour Beatty has rejected a second proposal from rival Carillion to merge, citing significant risks the 3 billion pound ($5.03 billion) deal would pose to its business.

** Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch-controlled film and TV company Twenty-First Century Fox Inc.

Fox withdrew its $80 billion bid to buy Time Warner last week after being rebuffed by the owner of CNN, HBO and Warner Bros studios. Murdoch said he has no plans to pursue another company as an alternative.   Continued...