April 18, 2019 / 10:07 AM / in a year

Deals of the day-Mergers and acquisitions

(Adds Canopy Growth, National Enquirer; Updates ConocoPhillips)

April 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** The National Enquirer is being sold for $100 million to James Cohen, chief executive of Hudson News, the Washington Post reported, citing people familiar with the agreement.

** Canopy Growth Corp, said it had secured a right to buy Acreage Holdings Inc for $3.4 billion once the United States legalizes the production and sale of cannabis.

** U.S. energy group ConocoPhillips has agreed to sell its oil and gas assets in the British North Sea to private equity-backed Chrysaor for $2.68 billion, Conoco said, making Chrysaor the biggest producer in the region this year.

** Kenya’s biggest lender by assets KCB Group has offered to buy National Bank of Kenya through a share swap consisting of one KCB share for every 10 of NBK, joining a wave of consolidation in the country’s banking industry.

** Canadian marijuana producer Canopy Growth Corp is close to a deal to buy U.S.-based pot firm Acreage Holdings , a source familiar with the matter told Reuters on Wednesday.

** German lighting group Osram said that talks with Bain Capital and Carlyle Group were continuing, after Manager Magazin said the private equity firms could walk away from a possible takeover.

Compiled by Uday Sampath and Sanjana Shivdas in Bengaluru

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