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Deals of the day-Mergers and acquisitions

Published 2018/04/26, 00:34
Updated 2018/04/26, 00:40
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Anglo American (LON:AAL) Platinum, Sky, GlaxoSmithKline, Tegel Group Holdings, Airbus SE)

April 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2231 GMT on Wednesday:

** Rare disease specialist Shire SHP.L said it was willing to recommend a sweetened $64 billion offer from Japan's Takeda Pharmaceutical Co 4502.T to shareholders, in what would be the biggest acquisition of a drug company this year. U.S. cable company Comcast Corp made a 22 billion pound ($31 billion) offer for pay-TV group Sky SKYB.L , beating an already agreed takeover bid from Rupert Murdoch's Fox FOXA.O by 16 percent. World No. 1 platinum producer Anglo American Platinum (Amplats) AMSJ.J said it had raised 390 million rand ($31 million) after the sale of most of its stake in smaller black-owned rival Royal Bafokeng Platinum RBPJ.J . The independent directors of pay-TV group Sky SKYB.L said they were withdrawing their recommendation of a takeover bid from Rupert Murdoch's Fox FOXA.O after U.S. cable company Comcast Corp CMCSA.O trumped it with a 22 billion pound ($30.68 billion) offer. GlaxoSmithKline's GSK.L chief executive said she had no interest in acquiring Shire SHP.L , the London-listed rare diseases specialist that Takeda Pharmaceutical 4502.T hopes to buy for some $64 billion. New Zealand's Tegel Group Holdings Ltd TGH.NZ said on Thursday it received a NZ$437.8 million ($309.44 million), or NZ$1.23 per share, takeover offer in cash from Philippines broiler complex operator Bounty Fresh Food Inc's Australian arm. Airbus SE AIR.PA and Bombardier BBDb.TO aim to close a deal giving the European planemaker a majority stake in the Canadian company's CSeries jetliner program by the end of May, ahead of an initial timetable, two people familiar with the matter told Reuters. India's Bharti Infratel Ltd BHRI.NS said it has agreed to merge with Indus Towers, in a deal that creates the world's No. 2 telecom tower company with an estimated equity value of $14.6 billion. Sinclair Broadcast Group Inc SBGI.O on Tuesday said it will sell 23 television stations to several companies after completing its $3.9 billion acquisition of Tribune Media Co TRCO.N . U.S. supermarket operator Supervalu Inc SVU.N said on Tuesday it would sell eight of its distribution centers to an undisclosed buyer for about $483 million following pressure from activist shareholders. India's Manipal Hospitals Enterprises Private Ltd raised its offer for rival Fortis Healthcare Ltd FOHE.NS for the second time in a month, now valuing Fortis' hospital business about 4 percent more than it had earlier. Whitbread WTB.L will spin off Costa Coffee after activist investors pushed for Britain's biggest coffee chain to be listed as a separate business. German steel distributor Kloeckner & Co KCOGn.DE remains interested in Thyssenkrupp's TKAG.DE materials trading division but is under no pressure to do any deal, its chief executive officer said on Wednesday. Italy plans to extend by six months a deadline to conclude the sale of ailing carrier Alitalia so that a new government being formed can handle the process, daily Il Sole 24 Ore reported.

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