October 28, 2019 / 10:15 AM / 7 months ago

Deals of the day-Mergers and acquisitions

(Updates LVMH, Just eat; Adds Exor, Thomas Cook)

Oct 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 13:30 GMT on Monday:

** The takeover battle for British food delivery ordering service Just Eat heated up on Monday as a key shareholder accused German peer Delivery Hero of undermining one of the two rival offers.

** Exor, the holding company of the Agnelli family, has no plan to sell its 5.99% stake in Italian publisher GEDI, two sources familiar with the matter said.

** The Nordic business of Thomas Cook, the world's oldest travel firm which collapsed five weeks ago, expects to have a buyer by Christmas after attracting several bids and interest from over 10 parties, a spokeswoman said.

** LVMH has offered to buy Tiffany & Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewellery, one of the fastest-growing parts of the luxury goods market.

** ABB has bought a majority stake in Shanghai Chargedot New Energy Technology Co. Ltd, a Chinese electric vehicle charging company, the Swiss engineering company said as it ramps up its operations in e-mobility.

** Warehouse giant Prologis Inc said on Sunday it had agreed to acquire rival industrial real-estate business Liberty Property Trust in a $12.6 billion deal to improve its U.S. presence amid the ecommerce boom.

** Investment group PPF, owned by the Czech Republic's wealthiest businessman, Petr Kellner, has agreed to buy broadcaster Central European Media Enterprises Ltd (CME) , in a cash deal valued at about $2.1 billion, the companies said on Sunday.

Compiled by Abhishek Manikandan 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