April 24, 2018 / 10:01 AM / in 3 months

Deals of the day-Mergers and acquisitions

(Adds SS&C Technologies, Fortis Healthcare)

April 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2010 GMT on Tuesday:

** Canadian telecommunications gear maker Mitel Networks Corp is selling itself to an investor group led by Searchlight Capital Partners for about $2 billion, the company said.

** Software company Trimble Inc said on Monday it would acquire privately held Viewpoint from investment firm Bain Capital in an all-cash deal valued at $1.2 billion as it looks to expand its services in the construction sector.

** Home appliance maker Whirlpool Corp said it agreed to sell its Embraco compressor business to Japan's Nidec Corp for $1.08 billion in cash as it focuses on its consumer-facing business.

** Brazil's Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell PLC for $950 million, according to a securities filing.

** CityFibre agreed a 538 million pounds ($750 million) takeover by a Goldman Sachs-backed consortium, saying it will be easier to fund its plan to build full-fibre networks serving 20 percent of the UK market under private ownership.

** Slovenia's largest insurer Zavarovalnica Triglav said it is buying Raiffeisen Bank's Croatian insurance business, the latest in a spree of merger activity in the Balkans' insurance sector.

** Abu Dhabi state investor Mubadala Investment Co and Mubadala Infrastructure Partners (MIP), an emerging markets infrastructure fund manager, have reached a deal to sell their combined 50 percent stake in Abu Dhabi Terminals to Abu Dhabi Ports, the remaining shareholder, for an undisclosed amount, the two companies said.

** Chilean industrial conglomerate Empresas Copec SA said on Monday it had reached an agreement with Peru's Minsur S.A. to buy a 40 percent stake in a holding company that owns a Peruvian copper mine project for $168.5 million.

** British pharmaceutical company AstraZeneca said it would subscribe for more shares in Circassia by injecting cash into the respiratory drug specialist to take its stake to a maximum of 19.9 percent from 14.2 percent.

** Oilfield services provider Petrofac Ltd said on Tuesday it agreed to sell an offshore construction vessel to Shanghai Zhenhua Heavy Industries Co Ltd to reduce debt.

** U.S. financial software firm SS&C Technologies has ruled out a counter-bid for Britain's Fidessa FDSA.L, which has agreed a 1.5 billion pound ($2.1 billion) takeover by Ion.

** Radiant Life Care Private Ltd revised its offer for India's Fortis Healthcare Ltd on Tuesday, proposing to buy one of its hospitals in Mumbai immediately, as a five-way takeover battle for the hospital chain intensifies. (Compiled by Akankshita Mukhopadhyay in Bengaluru)

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