May 9, 2019 / 11:15 AM / 6 months ago

Deals of the day-Mergers and acquisitions

(Adds Mediobanca Netflix; Updates Edgewell, Chevron)

May 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Chevron Corp abandoned its takeover bid for Anadarko Petroleum Corp, outmaneuvered by Occidental Petroleum Corp’s higher, $38 billion offer that included more than three times as much cash.

** Industrial conglomerate Larsen & Toubro Ltd bought an additional 2 percent stake in Mindtree Ltd, raising its total ownership to 26 percent, the IT services firm said.

** Nordic telecoms operator Telia’s close to $1 billion bid for Bonnier Broadcasting faces a full-scale EU antitrust investigation after failing to address competition concerns, two people familiar with the matter said.

** U.S. packaged food giant Kraft Heinz has launched the sale of its baby food brand Plasmon with preliminary bids due by the end of next week, two sources close to the matter said.

** U.S. fund manager BlackRock has pulled out of a proposed rescue of Italian bank Carige, a move that could push Rome’s fragile government into another costly state bailout.

** Aurelia Metals Ltd said it was no longer in talks about a possible acquisition of the CSA mine in New South Wales, the second Australian miner since April to back off from plans to buy the Glencore Plc-owned copper mine.

** Schick and Wilkinson razor brands owner Edgewell Personal Care Co said it would buy shaving startup Harry’s Inc in a $1.37 billion cash-and-stock deal, but its shares plunged 17 percent as the high levels of debt spooked investors.

** Australian internet firm TPG Telecom Ltd’s best bet to recover from the serious blow dealt by regulators who blocked its $10 billion merger bid with a rival lies with the courts, with analysts doubting any alternative plans can succeed.

** Novartis is buying dry-eye drug Xiidra from Takeda Pharmaceutical Co for up to $5.3 billion as the Swiss drugmaker refreshes its ophthalmic medicines portfolio with a potential blockbuster.

** GlaxoSmithKline’s deal to buy Pfizer’s consumer healthcare business will not lesson competition in Australia, the country’s anti-trust regulator said on Thursday as it approved the deal.

** Mediobanca is looking at Julius Baer’s Italian asset manager Kairos as part of plans to expand its wealth management business, the bank’s CEO said.

** Netflix Inc said it acquired StoryBots, known for “Ask the StoryBots” series, as it looks to make more shows for children ahead of the launch of Walt Disney Co’s streaming service later this year. (Compiled by Sayanti Chakraborty in Bengaluru)

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