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Deals of the day- Mergers and acquisitions
October 26, 2017 / 10:12 AM / 25 days ago

Deals of the day- Mergers and acquisitions

(Adds CCCC International Holding Ltd, Clariant, Huntsman Corp, InVivo, Air Berlin, Thomas Cook, easyJet, Grupo Financiero Banorte, AT&T, Time Warner, Bayer, Monsanto, Grupa Lotos)

Oct 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** China’s CCCC International Holding Ltd will buy Canadian construction company Aecon Group Inc for C$1.51 billion ($1.18 billion), including debt, in a deal that would require Canadian government approval.

** Activist investors seeking to block Clariant’s $20 billion merger deal with Huntsman Corp have increased their stake in the Swiss specialty chemical maker to above 20 percent, triggering a disclosure filing, a source close to the matter said.

** French agricultural cooperative InVivo’s retail division is in exclusive talks over a potential alliance with gardening retailer Jardiland, the companies said.

** Air Berlin is aiming for a deal with either Thomas Cook’s Condor or easyJet on Friday for some of its remaining airline operations, after agreeing to sell its maintenance unit to a consortium.

** Shares in Mexican bank Grupo Financiero Banorte rose more than 5 percent, a day after it agreed to buy peer Grupo Financiero Interacciones in a deal that would create the country’s second-biggest financial group.

** Seven groups ranging from the Tea Party Patriots to liberal consumer groups warned against AT&T’s plan to buy Time Warner in a letter to Attorney General Jeff Sessions, saying the deal could give one company too much power over what Americans see on television.

** German drugmaker Bayer has cut the value of its takeover of Monsanto by $2.5 billion, which combined with windfalls from asset sales means it may have to raise less than expected from shareholders.

** Poland’s second-largest refiner Grupa Lotos <SA LTSP.WA> is considering taking over a number of petrol stations in Poland and acquisitions of foreign upstream assets, the firm’s Chief Executive Officer Marcin Jastrzebski said.

** Seagate Technology PLC, a member of the group taking over Toshiba Corp’s chip unit, pledged not to buy any stake in the unit for 10 years as part of the $18 billion deal, showed a document from group leader Bain Capital LP reviewed by Reuters.

** Pfizer plans to kick off an auction process for its consumer healthcare business in November, paving the way for a potential $15 billion-plus sale of the headache pill to lip balm business, sources close to the matter told Reuters.

** Saudi Aramco Overseas Company (AOC), a subsidiary of Saudi Aramco, has entered into an arrangement to buy a stake in a Rotterdam terminal from commodities trader Gunvor, the company said.

** Colony Capital, the private equity arm of real estate investment trust Colony NorthStar Inc, is facing hurdles in its talks to buy The Weistein Company because the company is seeking higher bidders, the Wall Street Journal reported, citing people close to the discussions.

** China Zhongwang Holdings Ltd said it had acquired a controlling stake in an Australian all-aluminium superyacht builder, as the Chinese firm aims to expand the application of aluminium in the marine sector.

** Bank Grupo Financiero Banorte said on Wednesday it had signed an agreement to acquire closely linked peer Interacciones in a cash-and-stock deal that would create Mexico’s second-biggest financial group. (Compiled by Taenaz Shakir and Akankshita Mukhopadhyay in Bengaluru)

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