September 6, 2019 / 10:12 AM / 14 days ago

Deals of the day-Mergers and acquisitions

(Updates Alibaba, Axiata; adds Symantec, Fidelity National, Porsche)

Sept 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Private equity firms Permira and Advent International Corp have proposed a deal to buy Symantec Corp for more than $16 billion after the cyber security company agreed to a sale of a big chunk of its business, the Wall Street Journal reported.

** The U.S. Federal Trade Commission said that it had filed an administrative complaint aimed at preventing title insurance provider Fidelity National Financial, Inc. from buying rival Stewart Information Services Corp.

** Alibaba Group has agreed to buy e-commerce business Kaola from Chinese gaming company NetEase for $2 billion, adding a platform that specializes in supplying curated luxury goods from abroad to domestic consumers.

** Malaysia's Axiata Group is discussing deals with other parties and considering an initial public offering of its tower business, executives said after announcing the collapse of a planned Asian telecoms deal with Norway's Telenor .

** Porsche, a unit of Volkswagen, said it had raised its stake in Croatian supersportscar manufacturer Rimac to 15.5%.

** U.S. security company Brinks Co is mulling a more than 1 billion pound ($1.23 billion) takeover of the cash solutions business of G4S Plc, Sky News reported, sending the British company's shares as much as 9% higher.

** Medical device makers Thermo Fisher Scientific Inc and Danaher Corp have expressed interest in KKR & Co's potential sale of its scientific measurement and testing company LGC Group, Bloomberg reported on Friday.

** Broadband integration between Open Fiber and phone incumbent Telecom Italia is not a top priority, one of Open Fiber's main shareholders said.

** Canada's Inter Pipeline Ltd rejected a C$12.4 billion ($9.37 billion) buyout offer from Hong Kong billionaire Li Ka-Shing's CK Infrastructure Holdings Ltd in July, the Globe and Mail reported, citing sources familiar with the two companies.

** U.S. buyout groups Carlyle and Apollo are working on competing offers for Deutsche Bahn's Arriva unit as the auction enters its final stage, people close to the matter said.

** Oil major ExxonMobil said it had signed an exclusivity agreement with Var Energi for further negotiations regarding a possible sale of Exxon's Norwegian upstream assets.

** HPX, a company run by billionaire mining investor Robert Friedland, signed a deal with the Guinean government to develop the Mount Nimba iron ore deposit, Guinea's mines minister told Reuters.

** Greene King Plc said comparable sales at its pubs rose 1.5% over the last seven weeks, as it prepared for a proposed 4.6 billion pound ($5.68 billion) takeover by a company founded by Hong Kong's richest man Li Ka-Shing.

** Japan's SBI Holdings plans to invest at least 2 billion yen ($18.7 million) in regional lender Shimane Bank , the Nikkei business daily reported, in a tie-up that could eventually see it take 30%.

** Japan's Sumitomo Dainippon Pharma Co will pay $3 billion for a 10% stake in Swiss drugmaker Roivant Sciences Ltd and interests in five of its biopharmaceutical businesses, the two companies said.

Compiled by Arunima Kumar and Abhishek Manikandan in Bengaluru

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