Deals of the day-Mergers and acquisitions
Adds T-Mobile, Hawaiian Electric Industries
April 25 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1930GMT on Thursday:
** The U.S. Federal Communications Commission said on Thursday it will approve the T-Mobile US Inc TMUS.O deal to buy Ka'ena Corp, the owner of budget service provider Mint Mobile, for up to $1.35 billion. nL2N3GY33J
** Hawaiian Electric Industries HE.N is weighing the sale of its American Savings Bank FSB, Bloomberg News reported, citing people familiar with the matter. nL3N3GY4T3
** BHP Group BHP.AX bid $38.8 billion for Anglo American AAL.L, offering a deal to forge the world's biggest copper miner and driving its smaller rival's shares 13% higher. nL3N3GX5C9
** Czech energy group EPH, controlled by billionaire Daniel Kretinsky, is evaluating the possibility to exercise an option to take over Italian group Enel's stake in main Slovak electricity producer Slovenske Elektrarne, EPH's Chief Financial Officer Pavel Horsky said. nL5N3GY6LO
** Investment firm Shareholder Capital sent a letter to drugmaker Vanda Pharmaceuticals' VNDA.O board asking it to reconsider Future Pak's takeover offer. nL3N3GY3LF
** Private equity firm GTCR has agreed to pay $2.7 billion to buy AssetMark Financial AMK.N, in a deal that would take the wealth management platform private more than five years after its initial public offering. nL3N3GY382
** Philippine conglomerate DMCI Holdings DMC.PS will acquire cement maker Cemex Holdings Philippines CHP.PS for $305.6 million after months of negotiations, the companies said. nL3N3GY2I7
** Shares of Hipgnosis Songs Fund SONG.L climbed after Apollo-backed Concord outbid a proposal by private equity giant Blackstone BX.N, launching a bidding war for the owner of music rights of artists, including Shakira and Blondie. nL3N3GY22C
** Saudi Arabia's STC Group 7010.SE and sovereign fund PIF may bid for the Austrian unit of Spanish mobile phone tower operator Cellnex CLNX.MC, El Economista newspaper reported on Wednesday evening citing unidentified industry sources. nL5N3GY359
** Norges Bank Investment Management (NBIM) said it had signed an agreement to buy a 49% stake in a 644 megawatt portfolio of Spanish solar plants from Iberdrola IBE.MC for 203 million euros ($217.5 million).nFWN3GY0OK
** Japanese chip material maker Shin-Etsu Chemical 4063.T said it will launch a tender offer for Mimasu Semiconductor Industry's 8155.T shares in a 86 billion yen ($553 million) deal. nL3N3GY1F5
** A consortium of Hong Kong's CK Infrastructure 1038.HK, CK Asset 1113.HK, and Power Assets 0006.HK will acquire a Northern Ireland gas distribution network operator, Phoenix Energy, for an enterprise value of about HK$7.4 billion ($945.3 million).
nL3N3GY0PY
** Malaysian conglomerate Axiata Group AXIA.KL and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg News reported, citing people familiar with the matter. nL3N3GY0QI
(Compiled by Rajarshi Roy, Anuja Bharat Mistry and Pritam Biswas in Bengaluru)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
