Deals of the day- Mergers and acquisitions

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

(Adds Shell, Asklepios, Warner Music, Saga , Johnson Controls ,
Vall Banc)
April 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Thursday:

** Royal Dutch Shell RDSa.L is working on selling out of
its onshore assets in Gabon, according to two sources familiar
with the matter, as the oil giant seeks to refocus its African
presence. German clinics operator Asklepios ASKLP.UL is
interested in taking over peer Rhoen Klinikum RHKG.DE in the
medium term, two industry sources told Reuters. Warner Music Group and independent labels have urged EU
regulators to fight Sony Corp's 6758.T bid to buy out Michael
Jackson's stake in its music publishing joint venture, saying
the move gives Sony too much power. British travel and insurance company Saga Plc's SAGAG.L
largest shareholder, Acromas Bid Co Ltd, is selling its entire
stake in the company, bookrunner Numis Securities Ltd said.
Auto parts maker Johnson Controls Inc (NYSE: JCI ) JCI.N said on
Thursday its merger with Ireland-based Tyco International Plc
TYC.N is to close on Oct. 1 in a move that would lower its tax
rate. The government of the tiny principality of Andorra,
situated between Spain and France, said on Thursday it had
accepted an offer of up to 29 million euros ($33 million) from
U.S. investment firm J.C. Flowers to buy lender Vall Banc.
German container shipping group Hapag-Lloyd HLAG.DE is
in talks to merge with United Arab Shipping Co (UASC) in what
would be the latest tie-up in an industry hammered by
overcapacity and a faltering global economy. Britain said it could take an equity stake of up to 25
percent in Tata Steel Ltd's TISC.NS UK steel assets as part of
a package of hundreds of millions of pounds of financing to help
support a potential buyer. South African retail conglomerate Steinhoff SNHG.DE
raised its bid for Darty DRTY.L to $1.2 billion, trumping a
sweetened offer from French rival Fnac FNAC.PA in the battle
for Europe's third-largest electrical goods firm. Malaysia-based IHH Healthcare Bhd IHHH.KL is to buy
Bulgaria's Tokuda Hospital in a deal that will help to make it
the biggest private healthcare provider in the Balkan country,
the company said on Thursday. French shipping group CMA CGM's CMACG.UL $2.4 billion
takeover of Neptune Orient Lines NEPS.SI is set to be cleared
by the European Union's competition regulators, on condition
that NOL pulls out from a rival shipping alliance, two people
familiar with the matter said on Thursday. Consolidated Edison Inc (NYSE: ED ) ED.N said its unit would
purchase a 50 percent stake in a new entity that will hold
Crestwood Equity Partners LP's CEQP.N natural gas pipeline and
storage business for $975 million. Ctrip.com International Ltd CTRP.O , China's biggest
online travel agency, has agreed to invest 3 billion yuan ($463
million) in China Eastern Airlines 600115.SS through a private
share placement. Orange ORAN.PA has completed the $160 million
acquisition of Democratic of Congo mobile operator subsidiary
Tigo DRC from Millicom MICsdb.ST , the French company said on
Thursday, one of four African purchases it has made this year.
Norwegian online browser and advertising firm Opera
Software ASA OPERA.OL has embedded a tool aimed at
circumventing censorship into its latest desktop app,
potentially complicating a bid for the company by a consortium
from China, which censors the Internet.
The consortium, which includes web search and security firm
Qihoo 360 Technology Co Ltd QIHU.N and Beijing Kunlun Tech Co
300418.SZ , has offered $1.28 billion for Opera. The parent of Britain's Daily Mail said on Wednesday it
had not submitted its own bid to buy Yahoo Inc's YHOO.O core
Internet business, but was still in talks to partner with other
suitors of the U.S. company. Traders speculated that PT Bank Negara Indonesia Tbk
(BNI) BBNI.JK may buy shares of Indonesia's PT Bank Permata
Tbk BNLI.JK . British utility group Centrica CNA.L said it had agreed
to buy Denmark-based energy management firm Neas Energy for 170
million pounds ($243.9 million) to build on its marketing and
trading activities in mainland Europe. French aerospace and defense group Safran SAF.PA said
it agreed to sell its U.S.-based Morpho Detection business and
other detection-related activities to British engineering
conglomerate Smiths Group SMIN.L for an enterprise value of
$710 million.

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