Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:


** Payments provider Network International said on Monday it has received a takeover proposal from a consortium of private equity firms CVC Capital and Francisco Partners, valuing it at about 2.1 billion pounds ($2.56 billion).
** John Wood Group said on Monday it has decided to engage with Apollo Management for a firm offer from the private equity firm for a final buyout price of 240 pence per share, which values the group at about 1.66 billion pounds ($2.06 billion).
** Belgium's Aliaxis proposed on Monday a 1.82 billion euros ($2.00 billion) acquisition of Finland's Uponor , seeking to form a global water management group, sending the Finnish group's shares up 43%.
** French investment company Wendel said on Monday it was in exclusive talks to buy a majority stake in engineering consulting group Scalian for an enterprise value of 965 million euros ($1.06 billion).
** Japan's Sega Sammy Holdings Inc said on Monday it planned to acquire Finland's Rovio Entertainment Oyj for 706 million euros ($776 million) to bolster its mobile gaming business, sending Rovio shares soaring.
** THG's shares surged by more than a third after the online retail platform said on Monday that it has received a preliminary buyout proposal from private equity firm Apollo Global Management , without disclosing terms of the proposal.
** Indian conglomerate Wadia Group is in talks with strategic partners to either sell a majority stake in loss-making budget airline Go First or completely exit it, the Economics Times reported on Monday, citing sources close to the development.
** Nissan is developing growth plans in areas such as software and electric vehicles independent of Renault SA as the automakers work to finalise terms of a sharply limited alliance, said seven people with knowledge of the matter.
** Merck & Co said on Sunday it would buy Prometheus Biosciences Inc for about $10.8 billion, picking up a promising experimental treatment for ulcerative colitis and Crohn's disease and building up its presence in immunology.
** Teck Resources Ltd has been approached by Vale SA , Anglo American Plc and Freeport-McMoRan Inc , among others, to explore deals for its base metals business if the Canadian copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday. (Compiled by Pratik Jain in Bengaluru)

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