March 13, 2017 / 10:50 AM / a year ago

Deals of the day-Mergers and acquisitions

March 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** U.S. chip giant Intel has agreed to buy Israeli technology firm Mobileye for $14 billion-$15 billion, according to TheMarker, an Israeli financial newspaper.

** Oilfield services firm John Wood Group said it proposed to buy smaller peer Amec Foster Wheeler for a recommended all-share offer valued at about 2.2 billion pounds ($2.69 billion).

** German chemicals maker Evonik will buy Hamburg-based Dr. Straetmans GmbH, a maker of cosmetic ingredients, for just under 100 million euros ($107 million).

** Abu Dhabi-listed Etisalat is considering a sale of its stake in Etisalat Nigeria after the local unit defaulted on a $1.2 billion loan payment but wants the unit’s debt restructured before it starts the sale process, two sources told Reuters.

** Canada’s two biggest pension funds have agreed to partner with LOGOS, a real estate logistics operator, to invest in warehouses in Singapore and Indonesia.

** Kazkommertsbank (KKB), Kazakhstan’s biggest lender, will sell half of its assets to a state-run “bad bank” before its proposed takeover by Halyk Bank, the country’s central bank said.

** Bahrain-based Investcorp said on Sunday Abu Dhabi state investment fund Mubadala Development had completed a deal to acquire a 20 percent stake in the alternative investment firm’s parent, Investcorp Bank.

** British homebuilder Bovis rejected a bid approach from rival Galliford Try but remains in talks about a possible deal, the company said on Sunday, adding it had also rejected a proposal from another suitor, Redrow.

** Toronto-based insurance group Fairfax Financial Holdings Ltd said on Friday, it would increase the cash component of its offer to buy Allied World Assurance Co Holdings AG by $18 per share. (Compiled by Ahmed Farhatha in Bengaluru)

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