April 10, 2018 / 10:05 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds T-Mobile, Fortis Healthcare; Updates Tenneco)

April 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** T-Mobile US Inc is engaged in a new round of talks to acquire Sprint Corp, a person familiar with the matter said, the third major effort to combine the third- and fourth-largest U.S. wireless carriers in the last four years.

** The U.S. Justice Department will allow German drugs and pesticides group Bayer AG to acquire Monsanto Co in a $62.5 billion deal, after the companies agreed to sell more assets to win antitrust approval, the Wall Street Journal reported.

** Activist investor Carl Icahn said he was selling auto parts maker Federal-Mogul to Tenneco Inc in a $5.4 billion deal, unloading an investment he has held for nearly two decades and picking up a new stake in Tenneco.

** Payments technology company Verifone Systems Inc on Monday agreed to be taken private by an investor group led by Francisco Partners for $2.58 billion in cash.

** Samsung C&T Corp said it has no plan currently to purchase shares in Samsung Bioepis Co, after a report said the company is considering raising up to 3 trillion won ($2.8 billion) to buy a 30 percent stake in its biopharma affiliate.

** India’s Manipal Hospitals Enterprises Private Ltd on Tuesday raised its offer price to buy Fortis Healthcare Ltd’s hospital business by 21 percent, in an effort to douse any opposition from Fortis minority shareholders.

** Exxon Mobil is in talks with Qatar over a possible deal that could see the country investing in the company’s U.S. gas resources, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

** Telkom Kenya plans to merge operations with Indian-owned Bharti Airtel’s local unit as a first step to acquiring all of Airtel’s assets, sources said, creating a stronger challenger to market leader Safaricom.

** Creditors of India’s Monnet Ispat and Energy Ltd have approved a joint bid from AION Investments and JSW Steel to take over the bankrupt firm, according to a regulatory filing.

** BNP Paribas is increasing its presence in Poland with the 775 million euro ($954 million) purchase of Raiffeisen Bank International’s (RBI) main business in the European Union’s largest eastern economy.

** South Korea’s Samsung SDI said it would sell shares worth 582 billion won ($546 million) in affiliate Samsung C&T Corp to resolve cross-shareholding ties and secure funds for investment.

** French cosmetics group L’Oreal SA has been picked as the preferred bidder to buy 70 percent of South Korean fashion and cosmetics firm Nanda, in a deal estimated at 400 billion won ($375 million), Korea Economic Daily reported on Tuesday, citing investment banking sources.

** Britain’s Co-operative Energy will buy fellow energy supplier Flow Energy, the two companies said, with the smaller firm warning it would have struggled under the government’s looming price cap.

** Osaka Gas Co says its unit has agreed to acquire all shares in the U.S.-based Michigan Power, a gas-fired 125-megawatt power plant, from Wolverine Power Holdings LLC, owned by Rockland Capital among others.

** Bon-Ton Stores Inc said it received an acquisition offer from an investor group, two months after the department store chain filed for bankruptcy protection. (Compiled by Mrinalini Krothapalli and Sanjana Shivdas in Bengaluru)

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