Deals of the day-Mergers and acquisitions

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

Feb 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1110 GMT on Monday:

** Tanker firm DHT Holdings DHT.N unanimously rejected late on Sunday the proposed deal by rival Frontline FRO.OL , controlled by shipping tycoon John Fredriksen. Swedish home appliance maker Electrolux ELUXb.ST said it was buying precision cooker maker Anova in the United States as it looks to accelerate its development of connected devices for kitchens and homes. Swiss-based commodities giant Glencore GLEN.L has extended a deal with Libya's state oil firm to be the sole marketer of one third of the country's current crude oil production, sources familiar with the matter said. Swedish payments firm Klarna, one of Europe's most highly valued tech startups, said it is buying German online payment company BillPay. Hit by the oil industry recession, Norwegian offshore service vessel operators Farstad Shipping FAR.OL , Deep Sea Supply DESSC.OL and Solstad Offshore SOFF.OL announced plans to merge to counter the downturn. Talks between Russian tycoons Viktor Vekselberg and Mikhail Prokhorov over a stake in Russian aluminium producer Rusal 0486.HK have stalled, two financial market sources and an industry source told Reuters. Israel's Delek Group DLEKG.TA said it had offered $524 million for the 80 percent of shares in oil producer Ithaca Energy Inc IAE.TO it does not already own as it seeks to build up its North Sea assets ahead of a planned London listing. National Bank of Abu Dhabi NBAD.AD and First Gulf Bank FGB.AD have picked the second level management team for the combined entity to be created through their merger, sources told Reuters. Coal India Ltd COAL.NS , the world's top coal miner, plans to acquire coking coal assets abroad as India lacks technology to economically develop local reserves, Coal Minister Piyush Goyal said. Heineken NV HEIN.AS is closing in on its acquisition of some 1,900 pubs in Britain after an investment vehicle linked to the Dutch brewer increased its stake in Punch Taverns PUB.L . South Africa's Mondi (LON: MNDI ) MNDJ.J bought UK-based packaging firm Excelsior Technologies for 33 million pounds ($41 million) from funds managed by private equity firm Endless LLP and certain minority shareholders, the firm said.

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