August 29, 2017 / 10:04 AM / 3 months ago

Deals of the day- Mergers and acquisitions

(Adds United Technologies, Fox News, Toshiba, Tilney)

Aug 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Tuesday:

** United Technologies Corp, owner of jet-engine maker Pratt & Whitney, has made progress in its talks to acquire aircraft component manufacturer Rockwell Collins Inc as it seeks to bulk up its aerospace business, a person familiar with the matter said.

** Rupert Murdoch has pulled his Fox News channel from the Sky platform in Britain, where the government is assessing a bid by the media mogul to buy the broader Sky pay-TV company for $15 billion.

** Toshiba Corp may not seal a $17.5 billion deal to sell its memory chip unit by a self-imposed Aug. 31 deadline due to disagreements over details of an offer by the bidders, people familiar with the matter said.

** Wealth management firm Tilney has made an unsuccessful attempt to scupper Rathbone Brothers’ proposed merger with rival Smith & Williamson by mounting its own counter-bid, two sources close to the matter told Reuters.

** Shareholders of Austrian property group Conwert approved the purchase of remaining shares by German real estate giant Vonovia, which already had a 93 percent stake, at 17.08 euros ($20.54) per share.

** Advisory Board Co said it would sell its healthcare business to UnitedHealth Group Inc’s Optum unit and education business to private equity firm Vista Equity Partners, for a total deal value of $2.58 billion.

** Spanish builder ACS is sounding out Chinese funds with headquarters in Hong Kong to partner on a potential counter-bid for toll road company Abertis, Expansion newspaper reported citing investment fund sources.

** South Korea’s LG Electronics participated in a main bidding round to buy Austrian automotive light maker ZKW Group in a deal that could potentially fetch $1.2 billion, Korea Economic Daily said.

** AstraZeneca is to receive up to $400 million from Takeda Pharmaceutical after striking a deal for the Japanese company to co-develop an early-stage medicine for Parkinson’s disease.

** U.S. buyout firm Leonard Green & Partner has agreed to buy intellectual property services provider CPA Global for 2.4 billion pounds ($3.10 billion) including debt, a source familiar with the matter said.

** A body of Brazil’s Cade antitrust watchdog on Monday recommended rejecting the acquisition of a liquefied petroleum gas distribution unit owned by state-controlled oil company Petroleo Brasileiro SA by Ultragaz Participações Ltda. (Compiled by Akankshita Mukhopadhyay in Bengaluru)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below