Deals of the day- Mergers and acquisitions

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

(Adds Diebold, Total , TiVo, Hitachi, CityJet, ONGC; Updates
Nissin Foods)
March 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Thursday:

** U.S. cash dispensing machines maker Diebold DBD.N said
it has gained the required level of support to go ahead with its
1.7 billion euro ($1.9 billion) takeover of Wincor Nixdorf
WING.DE , sending the German rival's shares almost 20 percent
higher. French oil major Total TOTF.PA denied that it was in
talks about buying domestic rival Engie's ENGIE.PA exploration
and production (E&P) activities. Set-top box maker TiVo TIVO.O is in advanced talks to
sell itself to digital entertainment guide provider Rovi Corp
ROVI.O , the New York Times reported, citing people briefed on
the talks. Hitachi 6501.T has bought further shares in Ansaldo STS
STS.MI securing a total of just over 50 percent in the
company, a source close to the matter told Reuters. Founder Pat Byrne and private equity backers have
repurchased Irish regional airline CityJet from German owners
Intro Aviation for an undisclosed sum, the company said on
Thursday. The Russian government has approved a deal for India's
ONGC ONGC.NS to acquire a 15 percent stake in the Vankor
oilfield for $1.3 billion from Rosneft ROSN.MM , the Interfax
news agency reported, citing Anti-Monopoly Service head Igor
Artemyev. Instant noodle maker Nissin Foods 2897.T has agreed to
buy a 17.27 percent stake in Premier Foods PFD.L from U.S.
private equity firm Warburg Pincus WP.UL , the Japanese company
said. Yum Brands Inc YUM.N is in talks with private equity
firms KKR & Co LP KKR.N and Hopu Investments, among others,
over the sale of a minority stake in its China operations as it
prepares to spin off the once booming unit, two sources familiar
with the plans said. South African fashion retailer Foschini Group TFGJ.J
said it had acquired all the shares in British high street chain
Whistles for an undisclosed sum.

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