June 13, 2018 / 10:10 AM / 9 months ago

Deals of the day-Mergers and acquisitions

(Adds Linde, Madrigal Pharma, Cellnex, Education Realty, Comcast)

June 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2020 GMT on Wednesday:

** Comcast Corp offered $65 billion for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration’s attempt to block a merger with Time Warner Inc.

** AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump’s administration to block the deal and likely setting off a wave of corporate mergers.

** Hong Kong’s CK Infrastructure Holdings has made a A$12.98 billion ($9.8 billion) takeover offer for Australia’s biggest gas pipeline company, APA Group, offering a hefty 33 percent premium to tap into a hot gas market.

** Medical device maker Stryker Corp was not in discussions to buy rival Boston Scientific Corp, Stryker said in a regulatory filing, two days after reports of a potential deal between the two surfaced.

** Greystar Real Estate Partners is in exclusive discussions to buy Education Realty Trust Inc, owner of collegiate housing communities, for about $3.1 billion, the Wall Street Journal reported, citing people familiar with the matter.

** Australia’s Investa Office Fund and Blackstone Group entered into a scheme implementation agreement through which the U.S. private equity giant would acquire the real estate investment trust for A$3.08 billion ($2.3 billion).

** Siemens AG is considering strategic options including a potential sale of its struggling business that makes large gas turbines for power plants, Bloomberg reported on Wednesday citing people familiar with the matter.

** A British parliamentary committee will question the CEOs of the UK’s no.2 supermarket Sainsbury’s and its third-biggest supermarket Asda ahead of their proposed combination, as scrutiny of the deal cranks up.

** Canadian utility AltaGas Ltd said it would sell a 35 percent stake in three hydroelectric projects in Northwest British Columbia for C$922 million ($707.87 million) to help fund its acquisition of U.S.-based WGL Holdings Inc.

** Finland’s centre-right government sold a stake of 5 percent in oil refiner and biofuel company Neste for 861 million euros ($1.0 billion), prompting criticism from the opposition that it gives up too much control of company.

** German car parts maker IFA Rotorion has been put up for sale by its family owners in a potential 500 million euro ($588 million) deal, two people close to the matter said.

** Johnson & Johnson said on Tuesday it has accepted private equity firm Platinum Equity’s $2.1 billion buyout offer for the company’s LifeScan Inc unit.

** France’s ERAMET increased its all-cash offer for Australia’s Mineral Deposits Ltd to A$1.75 a share, valuing the company at A$344.7 million ($261 million).

** Australia’s Gateway Lifestyle Group said it received a non-binding offer from Hometown Australia Holdings Pty Ltd and Hometown America Communities Ltd Partnership - a proposal that values the company at A$635 million ($480 million).

** Finnish utility Fortum has agreed to sell its 10 percent stake in Norwegian hydropower company Hafslund Produksjon to Svartisen Holding AS for 160 million euros ($188 million), it said.

** Vietnam’s Binh Son Refining and Petrochemical will offload a further 49 percent stake and not limit the sale to only strategic investors as previously planned, in order to attract more buyers, its chief executive officer said.

** Madrigal Pharmaceuticals Inc is exploring a sale, Bloomberg reported, citing people familiar with the matter, nearly three weeks after the company reported mid-stage data from its drug to treat non-alcoholic steatohepatitis or NASH.

** Italy’s Benetton family is in talks with long-term investors including Singapore’s GIC to sell up to 30 percent in a new holding entity that will handle its stake in Spanish telecom masts group Cellnex, four sources familiar with the deal told Reuters.

** South African frozen fish supplier Sea Harvest Group said a consortium of black investors it leads will buy the fishing business of domestic peer Viking Fishing Group for 885 million rand ($66 million).

** Brazil’s antitrust regulator approved the $80 billion merger of gas group Linde AG and Praxair Inc, as long as the companies go ahead with an undisclosed asset sale plan. (Compiled by Nivedita Balu and Arunima Banerjee in Bengaluru)

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