January 31, 2020 / 10:40 AM / 2 months ago

Deals of the day-Mergers and acquisitions

(Adds EQT Corp, Takeaway.com, Aston Martin, Chrysaor)

Jan 31 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** EQT Corp, the largest natural gas producer in the United States, is aiming to raise as much as $1 billion by selling some of its royalty income, people familiar with the matter said.

** Dutch online food ordering company Takeaway.com on Friday declared its $7.8 billion takeover of British peer Just Eat unconditional, though the two companies still need a competition authority's approval before merging operations.

** Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilise the British carmaker whose first sport utility vehicle (SUV) is set to hit the road.

** North Sea private equity-backed Chrysaor's talks to buy smaller regional rival Siccar Point have ended after a large gap between their price expectations, three sources close to the process said.

** Volkswagen AG's Traton commercial truck unit said on Thursday it had offered $35 a share, or $2.9 billion, for the shares of U.S. truck maker Navistar International that it does not already own, and investors bet the bid will go higher.

** Japanese drugstore company MatsumotoKiyoshi Holdings and rival Cocokara Fine Inc plan to merge in October 2021, the Nikkei financial daily reported on Friday.

** Hitachi Ltd said on Friday it would spend 531.1 billion yen ($4.84 billion) to take full control of listed industrial equipment unit Hitachi High-Technologies through a tender offer.

** Japanese drugstore firm MatsumotoKiyoshi Holdings said it would buy 20% of rival Cocokara Fine Inc for roughly $350 million and aim for a full merger next year, becoming the leader in a sector grappling with fierce price competition and rising labour costs.

** Thyssenkrupp boss Martina Merz on Friday mapped out in more detail the restructuring of the ailing conglomerate, saying a deal to sell its elevator unit was near and inviting suitors to look at its steel and plant building units.

** EssilorLuxottica's 7.2 billion euro ($8 billion) bid for Dutch opticians group GrandVision will face a full-scale EU antitrust investigation after the company declined to offer concessions during an initial review, people familiar with the matter said.

** Canada's Cott Corp said it would sell its S&D Coffee and Tea business to privately owned Westrock Coffee Co for $405 million in cash, as it looks to focus on its more profitable water business.

Compiled by Arundhati Sarkar and Dania Nadeem in Bengaluru

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