(Adds ABB, Enerplus, Somo Japan, Airbus, Sarepta, Harris Corp,
Barclays, Altice, Unicredit, Sears, SVG Capital, ZF
Oct 4 The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Tuesday:
** Britain's Barclays has completed the sale of its
Egyptian business to Morocco's Attijariwafa Bank as
part of its shift towards focusing on the United States and
** Newell Brands Inc, which owns more than 160
brands including Sharpie markers and Rubbermaid food containers,
said it would sell about 10 percent of its business portfolio as
it streamlines its business following its acquisition of Jarden
** U.S. rail equipment maker Wabtec Corp secured EU
antitrust approval for its $1.8 billion buy of Faiveley
Transport after agreeing to sell the French company's
sintered friction material business.
** Abu Dhabi National Oil Co (ADNOC) said on
Tuesday it planned to consolidate the operations of two of its
offshore oil companies into a new entity, as part of a bigger
restructuring of the OPEC member's main energy firm in the era
of cheap oil.
** British private equity firm SVG Capital Plc said
on Tuesday it would sell half of its investment portfolio for
379 million pounds and wind down operations by the end of 2017.
** German car parts maker ZF Friedrichshafen said
it would seek talks with other Haldex shareholders
about its next steps after its 529 billion Swedish-crown ($613
million) bid for the Swedish braking systems maker looked to
** Four bidders are vying for UniCredit's fund
management arm Pioneer as the auction for the $3.35 billion unit
moves to the second round of bidding, two sources familiar with
the matter said on Tuesday.
** German automotive group Continental has agreed
to buy U.S. smart fleet management technology provider Zonar for
an undisclosed price to expand its mobility services and
strengthen its position in the United States, it said on
** France's market watchdog on Tuesday blocked an all-share
buyout offer for SFR by European telecoms group
Altice, in a rare move which Altice CEO Michel Combes
said was "totally incomprehensible" and could hurt Paris as a
** Sears Holdings Corp's Craftsman tool brand has
attracted bidders including Stanley Black & Decker Inc
and Hong Kong-based Techtronic Industries Co Ltd,
Bloomberg reported, citing people familiar with the matter.
** The Bank of Italy is confident there are alternatives to
liquidation for four Italian banks rescued from bankruptcy last
year if their planned sale falls through, its Director General
Salvatore Rossi said on Tuesday.
** Japanese electronics components supplier Murata
Manufacturing Co Ltd wants its enlarged battery
business to help double automotive-related revenue when the
years of rapid expansion in the smartphone market have passed,
its chief executive said.
** Hong Kong tycoon Peter Woo's Wharf Holdings Ltd
has agreed to sell its telecom business to a consortium of
private equity firms TPG Capital Management LP and MBK Partners
Inc for HK$9.5 billion ($1.22 billion), a person familiar with
the matter told Reuters on Tuesday.
** A possible merger between Spanish state-owned banks
Bankia and Banco Mare Nostrum (BMN) would take place
in mid-2017 once an analysis of the operation is complete,
Bankia's Chairman said on Tuesday.
** Britain's Royal Mail Plc said on Tuesday it
acquired California-based regional parcel delivery firm Golden
State Overnight Delivery Service Inc (GSO) for $90
** French luxury group LVMH, owner of the Louis
Vuitton brand, has agreed to buy an 80 percent stake in
high-tech luggage maker Rimowa for 640 million euros ($716
million), its first acquisition in Germany.
** Chinese investment company Zhejiang Rifa Holding Group
has made a NZ$203 million ($148 million) bid to acquire majority
control of New Zealand's Airwork Holdings Limited,
sending shares in the aviation company soaring.
** U.S. defense contractor Harris Corp has launched
the sale of parts of its Critical Networks division, according
to people familiar with the matter, its first divestiture move
after striking a deal with activist hedge fund Jana
** Sarepta Therapeutics Inc said it secured the
European rights to Summit Therapeutics Plc's
experimental Duchenne muscular dystrophy (DMD) drug as it looks
to build on its lead in treating the fatal muscle-wasting
** Poland has scrapped a 13.5 billion zlotys ($3.5 billion)
deal for 50 Airbus utility helicopters that were to be
delivered to the Polish army, the economy ministry said late on
** Tokyo-based insurer Sompo Holdings Inc could
announce a deal to buy U.S. casualty insurer Endurance Specialty
Holdings Ltd for about $6.5 billion as early as this
week, sources familiar with the matter said.
** Canadian energy producer Enerplus Corp has put
its natural gas assets in the U.S. Marcellus shale region up for
sale, according to three sources familiar with the
** ABB will keep its Power Grids business in a
rejection of demands from an activist investor to spin it off
and the Swiss engineering group has also unveiled plans for a $3
billion share buy back from next year.
(Compiled by Laharee Chatterjee and Gayathree Ganesan in