Deals of the day-Mergers and acquisitions
Adds Holcim, Axel Springer, Shell and Intel
Sept 19 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Thursday:
** Holcim's HOLN.S $30 billion New York spinoff of its North American business has come under fire from an environmental group that said the major cement maker was doing too little to tackle climate change. nL1N3L10QI
** German media empire Axel Springer will be split between CEO Mathias Doepfner and private equity firm KKR KKR.N, the company said on Thursday, in a deal that secures the billionaire chief executive's control over news titles Bild and Politico. nL8N3L10EZ
** Shell's SHEL.L planned sale of a stake in the Schwedt refinery in Germany is being delayed by pending lawsuits by third parties, two people familiar with the matter said, stalling a divestment the company has waited years for. nL8N3L00JX
** Intel INTC.O said it had no plans to sell its majority stake in Mobileye Global MBLY.O, sending shares of the self-driving tech firm up more than 8% in premarket trading. nL4N3L10YI
** Renewable developer Sonnedix is increasing its solar power capacity in Italy with a series of acquisitions, its CEO told Reuters, adding the company was also looking at opportunities to develop battery storage projects in the country. nL8N3L01MF
** The sale of a stake in the Middle East, North Africa and central Asia Starbucks SBUX.O franchise operated by Kuwait's AlShaya Group is on hold, two people with knowledge of the process said. nL8N3L00LG
** Shares in German property firm Deutsche Wohnen DWNG.DE jumped as much as 25% on Thursday as it started talks about a full takeover offer from its parent company Vonovia VNAn.DE. nL8N3L10EW
** Close Brothers Group CBRO.L has agreed to sell its wealth management unit, Close Brothers Asset Management (CBAM), to private equity firm Oaktree Capital Management for up to 200 million pounds ($265 million). nL4N3L10JT
** UniCredit CRDI.MI was able to buy 4.5% of Commerzbank CBKG.DE from the German state because the government trusts the Italian bank, its CEO said in a newspaper interview, ruling out any "aggressive" moves such as an unsolicited buyout bid. nL8N3L1072
** Seiko Epson 6724.T said it plan to buy all equity interests of U.S. printing service provider Fiery LLC for about $592.5 million in a bid to accelerate growth in the digital printing businesses. nL1N3L01DY
** Chesapeake Energy's $7 billion acquisition of rival natural gas producer Southwestern Energy is expected to close early in the fourth quarter, CEO Nick Dell'Osso said on Wednesday. nL1N3L01BZ
** U.S. utility Vistra VST.N announced on Wednesday it would acquire the 15% equity it does not already own in its subsidiary Vistra Vision for nearly $3.25 billion in cash. nL4N3L01O5
** Mobile games developer Playtika PLTK.O said on Wednesday it would acquire peer SuperPlay in a deal that could go up to $1.95 billion, which would bring popular games such as Bingo Blitz and Dice Dreams under the same umbrella. nL4N3L01LU
** WillScot Holdings WSC.O mutually terminated its $3.8 billion acquisition of McGrath RentCorp MGRC.O, the latter said on Wednesday. nL4N3L0187
(Compiled by Rajarshi Roy, Aatreyee Dasgupta 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.
