Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

May 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** Asset management services provider Sanne Group SNNS.L rejected buyout firm Cinven's 1.35-billion-pound ($1.90 billion) proposal as too low, the London-listed company said, expressing no interest in further engagement with the fund. South Africa's Sasol Ltd SOLJ.J said it was selling a 30% stake in the Republic of Mozambique Pipeline Investments Company for up to 5.145 billion rand ($364 million) to a consortium that included Reatile Group. Allianz Global Investors, the investment management arm of German group Allianz ALVG.DE , is evaluating opportunities for consolidation in the asset management sector, Chief Executive Tobias Pross told an Italian daily. British consumer goods company Reckitt Benckiser Group RKT.L has shortlisted bidders including Bain Capital, Carlyle Group CG.O and dairy producer Yili to submit binding offers for its Greater China infant formula business, sources said. Singapore Telecommunications Ltd STEL.SI said it has begun a strategic review of digital marketing arm Amobee and cyber-security business Trustwave.

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