Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds Orange SA, Illumina, Rogers Communications and Blackstone) April 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1600 ET on Monday:


** European Union antitrust regulators warned that Orange and MasMovil's 18.6-billion-euro ($20 billion) Spanish telecoms merger could reduce competition in Spain as they opened a full-scale investigation into the deal.
** Canadian telecommunications company Rogers Communications Inc said it closed the C$20 billion ($14.87 billion) deal to acquire Shaw Communications.
** The U.S. Federal Trade Commission (FTC) ordered Illumina to divest cancer diagnostic test maker Grail, finding that its ownership would stifle competition in the U.S. market for cancer tests.
** Blackstone Inc said it had again blocked withdrawals from its $70 billion real estate income trust in March as the private equity firm faced a flurry of redemption requests.
** Teck Resources Ltd rejected an unsolicited $22.5 billion bid from Swiss commodity firm Glencore Plc , sending the U.S.-listed shares of the Canadian copper miner up about 10% in premarket trading.
** Real estate investment trust Extra Space Storage said it will acquire Life Storage for $12.4 billion in a deal that will result in the combined company becoming the largest U.S. self-storage space operator by store count.
** UK's Financial Times said it had acquired a majority stake in medical news publication Endpoints News.
** Mars Inc will buy veterinary diagnostics firm Heska Corp in a $1.3 billion deal to expand diagnostic offerings, the companies said.
** World Wrestling Entertainment Inc will combine with Endeavor Group-owned mixed martial arts franchise UFC to form a new, publicly listed entertainment giant valued at about $21 billion, the companies said.
** Shale producer Ovintiv Inc agreed to buy oil-related assets in the Permian Basin from entities controlled by private-equity firm EnCap Investments for about $4.3 billion in cash and stock.
** M&G Investments will vote against a takeover of British events group Hyve PLC , along with two other Hyve shareholders who think the bid significantly undervalues the international exhibition company, the Financial Times reported.
** Electrical components manufacturer nVent Electric said it will acquire ECM Industries parent ECM Investors for $1.1 billion.
** Cineworld said it would no longer put up for sale its U.S., UK and Ireland businesses as the movie chain operator failed to find a buyer for the group, sending shares in the cinema chain operator down 35%.
** Finnish forestry firm UPM-Kymmene said it has sold of all its operations in Russia to Gungnir Wooden Products Trading.
** State-owned Chinese conglomerate CITIC Limited said it will buy a 55% stake in Nanjing Iron & Steel Group , one of the country's top specialty steel producers, beating out top private steelmaker Jiangsu Shagang Group.
** Switzerland's Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group , the office of the attorney general said. (Compiled by Priyamvada C, Rajarshi Roy and Yuvraj Malik in Bengaluru)

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