August 13, 2018 / 1:26 PM / 2 years ago

Deals of the day-Mergers and acquisitions

(Adds Diebold Nixdorf; Updates Tesla, Elliott, VF, Ensign)

Aug 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday:

** Tesla Inc Chief Executive Elon Musk said on Monday a July 31 meeting with Saudi Arabia’s sovereign wealth fund convinced him he could secure funding to take the electric car-maker private, but that he was still talking to the fund and other investors as he seeks to nail down financing.

** ATM machine maker Diebold Nixdorf Inc had hired Credit Suisse and Evercore last week to look for potential buyers as it plans to sell itself, CNBC reported on Monday, citing people familiar with the matter.

** VF Corp, one of the world’s biggest apparel makers, will spin off Lee and Wrangler jeans into a separate public company, it said on Monday, allowing it to focus on its more profitable Vans sneakers and The North Face outerwear businesses.

** Elliott Management, one of the world’s biggest hedge funds, disclosed that it held a large stake in information services company Nielsen Holdings and urged it to considering selling itself.

** Canadian oilfield services provider Ensign Energy Services Inc on Monday said it would make a C$947 million ($720 million) hostile bid for Trinidad Drilling Ltd , as the recovery of Canada’s oil industry lags a global rebound.

** Brazil’s Congress should be consulted on a plan for U.S. planemaker Boeing Co to take over the commercial jet unit of Embraer SA, the speaker of Brazil’s lower house of Congress said in a newspaper interview published on Monday.

** Britain’s esure is in advanced talks over a possible 1.17 billion pound ($1.49 billion) bid from Bain Capital Private Equity, the insurance company said on Monday, sending its shares more than 30 percent higher.

** Kuwait’s Agility has teamed up with New York-based Centerbridge Partners for its bid to acquire all or part of stricken Middle East private equity firm Abraaj, according to a finance source.

** Cigna Corp said Glass Lewis & Co recommended its shareholders vote in favor for the proposed $52 billion acquisition of pharmacy benefits manager Express Scripts , the second proxy advisory firm to support the deal.

** The purchase by Sports Direct SPD.L of department store group House of Fraser drew a cautious response from analysts, with some saying the deal could backfire on Mike Ashley, the sportswear retailer’s founder and chief executive.

** Neptune Energy Group said it has entered into an agreement to acquire development and exploration assets in the UK Central North Sea from Apache North Sea Ltd, a wholly owned subsidiary of Apache Corp

** Japanese discount retailer Don Quijote Holdings Co Ltd said it would be interested in buying Seiyu if Walmart Inc puts the Japanese supermarket chain up for sale, as it looks to expand its presence in the domestic market.

** The board of Australia’s APA Group has recommended shareholders vote for a A$12.98 billion ($9.45 billion) takeover offer from a consortium led by Hong Kong’s CK Infrastructure Holdings Ltd at a meeting in late November.

** Private equity firm KKR & Co said it will acquire a 60 percent stake in India’s Ramky Enviro Engineers Ltd (REEL) for $530 million, adding it was one of India’s largest buyouts.

** Australia’s Capilano Honey Ltd said a consortium of China-focused Wattle Hill RHC Fund and Roc Partners agreed to buy the company for A$189.8 million ($138 million). (Compiled by Bharath Manjesh and Karan Nagarkatti 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