Deals of the day- Mergers and acquisitions

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

(Adds UltraTech Cement , Argus Media, Amazon.com, Old Mutual ,
British-American Investments; Updates Cara Operations)
March 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Thursday:

** India's UltraTech Cement Ltd ULTC.NS will buy
Jaiprakash Associates Ltd's JAIA.NS cement plants for 159
billion rupees ($2.4 billion) including debt, the companies said
in a revised deal unveiled on Thursday. Investment and private equity funds including Singapore's
Temasek and Rothschild Group are competing to invest in Argus
Media in a deal that could value the energy-market data provider
at more than $1.3 billion, industry sources told Reuters.
Medivation Inc MDVN.O has been working with investment
bank JPMorgan Chase & Co (NYSE: JPM ) JPM.N to handle interest from other
companies in a potential acquisition, but it has no plans to
sell itself, according to people familiar with the matter.
Amazon.com Inc AMZN.O is in talks with a consortium of
German carmakers about taking a stake in high-definition digital
mapping company HERE, two auto industry sources familiar with
the matter said. Canada's Cara Operations Ltd CAO.TO , owner of the Swiss
Chalet casual dining chain and Harvey's burger outlets, said it
would buy St-Hubert BBQ, one of Quebec's largest casual dining
chains, for C$537 million ($415 million). Financial services company Old Mutual Plc OML.L is
preparing to sell its Italian wealth management unit as part of
a wider plan to break up its business, cut costs and revamp
earnings, sources familiar with the matter said. Orange ORAN.PA and Bouygues BOUY.PA have given
themselves until Sunday to thrash out a possible deal for
France's dominant telecom operator to buy Bouygues Telecom,
citing a lack of progress ahead of a Thursday deadline.
Fiat Chrysler Automobiles (NYSE: FCAU ) (FCA) FCHA.MI FCAU.N is
talking with many players outside the car sector about possible
collaboration, Chief Executive Sergio Marchionne said, and is
keeping an open mind on what the possibilities might be.
Hungary's state-owned MKB Bank will be sold to a
consortium of three buyers for 37 billion forints ($134.01
million), the National Bank of Hungary said on Thursday.
Mauritius has agreed to sell a near 25 percent stake in
Kenyan insurer British-American Investments Co (Britam)
BRIT.NR , after seizing it from a disgraced tycoon, to the
existing shareholders, the government said.

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