June 6, 2018 / 1:55 PM / a year ago

Deals of the day-Mergers and acquisitions

(Adds Platform Specialty, Seriti Resources, Nevsun Resources; Updates Athenahealth, Devon Energy)

June 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday:

** Nevsun Resources, a Canadian miner which has been approached regarding a takeover, should enter “good-faith negotiations with any suitor,” Adrian Day Asset Management, one of Nevsun’s top 10 shareholders, said in an open letter to the company’s board.

** Platform Specialty Products Corp is in advanced talks to sell its agrochemicals business to London-based Wilmcote Holdings Plc for about $3 billion, the Wall Street Journal reported.

** Oil and gas producer Devon Energy Corp said it plans to sell its stakes in EnLink Midstream for $3.13 billion to pare debt and focus on its core shale business as crude prices hover near four-year highs.

** South African miner Seriti Resources wants to move into exporting coal and would be interested in buying the assets and quotas of the Gupta family’s Optimum Coal, its CEO said.

** Mirvac Group, an Australian diversified landlord and property developer, said it will buy a 50 percent stake in a Sydney property from a Blackstone Group LP-managed fund.

** Siemens has signed more than ten cooperation agreements with Chinese companies as it seeks to benefit from deepening involvement with China’s “Belt and Road” infrastructure initiative, the German engineering group said.

** Uniper boss Klaus Schaefer told shareholders he will try to keep the energy group independent, weeks before rival Fortum is expected to secure regulatory approval to become its largest shareholder.

** Athenahealth Inc’s Chief Executive Officer Jonathan Bush stepped down and the healthcare software maker said it was exploring options, including selling itself, following pressure from activist investor Elliott Management. ** Shares in Minor International Pcl surged after the Thai hotel, food and beverage company said it was planning to use debt to finance its 2.5 billion euros ($2.9 billion) takeover bid for Spain’s NH Hotels. ** A consortium including infrastructure investor Dalmore Capital has agreed to buy UK recycling company Cory Riverside Energy from investors including Strategic Value Partners, for an undisclosed sum. ** Belgian investor Core Equity has dropped its interest in a takeover of Hema, one of the largest retail chains in the Netherlands, the De Telegraaf newspaper reported. ** E.ON proposed delaying a vote that could trigger a probe into whether the management of former unit Uniper tried to block the sale of a major stake to Fortum. ** Russia’s second-biggest food retailer Magnit said it had began talks with its new shareholder Marathon Group over the acquisition of pharmaceutical distributor SIA. ** Brazilian food processor BRF SA said it was not aware of any “formalization” regarding a possible merger with competing food processor Minerva SA. ** Smurfit Kappa reaffirmed its guidance that its full year earnings will be materially better than last year after rival International Paper (IP) decided to end its pursuit of the Irish packaging company. (Compiled by Nikhil Subba and Tamara Mathias in Bengaluru)

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