September 9, 2014 / 10:19 AM / 3 years ago

Deals of the day- Mergers and acquisitions

Sept 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1015 GMT on Tuesday:

** Japanese e-commerce firm Rakuten Inc said it would buy U.S. rebate site operator Ebates Inc for $1 billion in cash, the latest in a series of acquisitions to expand its business overseas.

** General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said on Monday it would acquire organic food producer Annie’s Inc for about $820 million to expand its presence in the fast-growing U.S. natural foods market.

** Global brokerage company BGC Partners Inc has offered to buy all outstanding shares of rival GFI Group Inc for $5.25 per share in cash, valuing the deal at about $675 million.

** Australia’s Brambles Ltd said it would buy UK-based Ferguson Group for an enterprise value of $545 million to expand its specialist container business.

** South African investment bank Investec said it would sell its UK mortgage business for 180 million pounds ($290 million) to private equity firms Blackstone Group LP and TPG, as part of a plan to offload non-core assets.

** Canadian gold miner Agnico-Eagle Mines Ltd has agreed to buy Cayden Resources Inc, a gold exploration company with projects in Mexico, for C$205 million ($187 million) in shares and cash, the two companies said on Monday.

** Taseko Mines Ltd said on Monday it will buy mineral exploration and development company Curis Resources in an all-share deal. Under the deal, Curis shareholders will receive about $1.055 per share based on Taseko’s 20-day volume weighted average price for the period ending Sept 5. That would value the smaller company at roughly C$80 million ($73 million).

** Piano Media, a European paywall software supplier, has agreed to buy larger U.S. competitor Press Plus for an undisclosed amount as newspapers and magazines increasingly charge for content on their websites.

** Shareholders of Portugal Telecom and Brazil’s Oi SA on Monday approved the revised terms of a merger after a failed debt investment forced the Portuguese company to accept less favorable terms in the tie-up.

** Maersk Oil, a unit of Denmark’s A.P. Moller-Maersk A/S , is testing the water for the sale of a significant part of its stake in the deepwater Chissonga project in Angola, Danish daily Jyllands Posten reported, citing sources familiar with the process.

** Italian utilities Acsm Agam and Gruppo AEB-Gelsia said on Monday they had signed a non-binding letter of intent to merge as Italy’s government looks to create bigger players in the sector.

** Heineken NV, the world’s third-largest brewer, is in talks about selling its Czech operations to Molson Coors Brewing Co, a Czech newspaper reported on Tuesday citing unnamed industry sources.

** Seismic oil explorer PGS has cut its investment plans, pulled several vessels from service and decided to sell a Russian venture, the company said as it cuts costs in the face of a slump in the offshore exploration market.

$1 = 0.62 British pound $1 = 1.09 Canadian dollar Compiled by Manya Venkatesh in Bangalore

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below