December 10, 2019 / 9:01 PM / 2 months ago

Deals of the day-Mergers and acquisitions

(Adds Barrick Gold, Total, K+S, Versant Health)

Dec 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Canadian gold miner Barrick Gold Corp moved closer to its asset sales target by agreeing to sell its entire 90% stake in its Massawa project in Senegal to Teranga Gold Corp for up to $430 million.

** Libya’s National Oil Corporation (NOC) said it had approved the purchase by France’s Total of Marathon Oil’s stake in the country’s Waha concessions.

** German potash and salt miner K+S said it was looking into selling stakes in its North American businesses because an ongoing cost cutting push would not yield enough savings to reach its debt reduction target.

** Private equity firm Centerbridge Partners LP is exploring a sale of Versant Health in a deal which could value the U.S. managed vision care benefits company at more than $2 billion, including debt, people familiar with the matter said.

** Tech Data Corp’s “go-shop” period, during which it was looking for alternative acquisition proposals, has ended, the company said, paving the way for it to be taken private by Apollo Global Management Inc.

** Cboe Global Markets said it would take full control of EuroCCP, Europe’s largest clearing house for stock trades, to bolster its post-Brexit base in Amsterdam and diversify into derivatives.

** Just Eat rejected a raised takeover offer from Dutch-based technology group Prosus because it significantly undervalued the company and said it continued to back a rival all-share offer from Takeaway.com.

** Travis Perkins, Britain’s biggest building materials group, said it was making good progress on the demerger of its Wickes home improvement division.

** Dutch pension fund APG and Britain’s Renewables Infrastructure Group (TRIG) agreed to buy offshore wind farm Merkur, the asset’s biggest shareholder, Switzerland’s Partners Group, said.

** German regional utility MVV Energie, which is looking for new owners for a 45.1% stake that has been put up for sale, said it would keep its dividend stable for the 12th consecutive year

** Deutsche Bank’s asset manager DWS said that it remains on the lookout for takeover targets, after tie-up talks with peer UBS failed earlier this year

** Austrian sensor specialist AMS said that the acceptance rate in its 4.6 billion euro ($5.1 billion) takeover offer for German lighting group Osram was 59.3%, a little more than the required 55% threshold.

$1 = 0.9073 euros Compiled by Manojna Maddipatla and Praveen Paramasivam in Bengaluru

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