April 11, 2017 / 10:02 AM / 3 months ago

Deals of the day-Mergers and acquisitions

5 Min Read

(Adds Manulife Real Estate, Siemens, Vedanta Ltd, Barclays, ChemChina, Sika, Autogrill and Cenovus Energy)

April 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** Loews Corp, a hotel, energy and financial services conglomerate, said it would buy plastic packaging manufacturer Consolidated Container Co from Bain Capital Private Equity for about $1.2 billion.

** Weight-control nutrition company Atkins Nutritional Holdings has agreed to go public through a merger with blank-check company Conyers Park Acquisition Corp in a deal that will value the combined company at about $856 million.

** Finnish retailer Kesko said it will sell its agricultural trade chain K-maatalous to Sweden's Lantmannen EK for 38.5 million euros ($40.8 million).

** South African e-commerce and pay-TV group Naspers will pay 960 million rand ($69.5 million) to increase its stake in local online retailer Takealot, the companies said in a joint statement.

** LeEco has scrapped a planned $2 billion acquisition of U.S. consumer electronics company Vizio due to regulatory issues, a fresh setback to the cash-strapped Chinese conglomerate's expansion drive.

** Germany's Linde has for a second time rejected a request for a shareholder vote at its annual general meeting next month on its planned $65 billion merger with U.S. industrial gases rival Praxair.

** Accell Group, the maker of Dutch bicycle brands Sparta and Batavus, said on Tuesday it had received a takeover proposal that values its stock at 845 million euros ($895 million) from investor Pon Holdings.

** The CEO of AkzoNobel, the Dutch paints and coatings maker whose management is trying to avoid a takeover by U.S. rival PPG Industries, said its shareholders are divided over the bid in an interview published.

** Argentina's state-run oil company YPF SA is among the bidders for Royal Dutch Shell Plc's refinery and network of gasoline stations in Argentina, according to two people familiar with the process.

** A unit of a large semiconductor investment fund linked to the Chinese state has agreed to buy U.S. semiconductor testing company Xcerra Corp for $580 million in cash, the companies said on Monday.

** Online coupon provider RetailMeNot Inc said it had agreed to be bought by marketing services company Harland Clarke Holdings Corp for about $630 million.

** Mexican airport operator Grupo Aeroportuario del Sureste said it had agreed to acquire a majority stake in two peers in Colombia, Airplan and Aeropuertos de Oriente, for some $262 million.

** Manulife Real Estate, the global real estate arm of Manulife Financial Corp, said it acquired 8 Cross Street, a 28-storey office tower in Singapore, for $526 million.

** Germany's Siemens and Canada's Bombardier are in talks to combine their rail operations, two people close to the matter told Reuters, a move that could strengthen their hand against Chinese state-backed market leader CRRC Corp.

** Greece concluded a 1.2 billion euro ($1.27 billion) airport deal with a Fraport-led consortium, the country's privatization agency said.

** Indian metals and mining group Vedanta Limited said it had completed its buyout of oil and gas explorer Cairn India Ltd, consummating a deal that was delayed for months by investor opposition.

** Barclays' plan to sell its African business and pull out of the continent are being hindered by South Africa's political upheaval and credit-rating downgrades, according to banking sources and fund managers.

** Mexico's antitrust commission COFECE said it would condition its approval of ChemChina's planned $43 billion takeover bid of Swiss pesticides and seeds group Syngenta AG.

** Sika Chairman Paul Haelg said he expects the hostile takeover attempt of his company by French construction materials giant Saint-Gobain to be resolved by 2018.

** Italian travel caterer Autogrill plans to rejig its business structure, the company said, a move that drove its shares to a record high by fuelling talk it could seek to sell off units or acquire others.

** Cenovus Energy Inc will do more hedging after its acquisition of ConocoPhillips assets, the Canadian company's Chief Executive Brian Ferguson said as he mounted a charm offensive on investors who balked at the deal. ($1 = 0.9430 euros) ($1 = 13.8200 rand) (Compiled by Komal Khettry and Divya Grover in Bengaluru)

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