Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds HSBC, Credit Mutuel Arkea, Manchester United PLC and Glencore) April 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 20:00 PM GMT on Monday:



** Shares of Manchester United Plc fell 13% on Monday after a report said the Glazer family was confident of securing an investment that would allow them to retain ownership of the British soccer club.
** Glencore executives have met or spoken with some 120 Teck Resources shareholders during a short visit to Toronto in an effort to win support for the company's takeover bid rather than an internal overhaul, a source familiar with the situation said.
** French cooperative bank Credit Mutuel Arkea is looking to sell a stake in its subsidiary Monext, following a string of European lenders that have sought external partners for their payments businesses, three people familiar with the matter told Reuters.
** HSBC's biggest shareholder Ping An is likely to vote in favour of splitting the bank up at its annual investor meeting on May 5, a source familiar with the Chinese insurer's thinking said.
** Activist investor Trillium Capital said stock-photo company Getty Images Holdings Inc should expand and create partnerships with technology firms and publishers to grow its revenue.
** 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 on Monday made a 1.82 billion euro ($2.0 billion) unsolicited offer to buy Finland's Uponor , seeking to form a global water management group.
** 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.
** Shares in online retail platform THG surged more than 40% after it said it had received a "highly preliminary" buyout proposal from Apollo Global Management , without disclosing terms of the plan.
** 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.
** Bidders for Telecom Italia's (TIM) landline grid are preparing to raise their offers of around 20 billion euros ($22 billion) by between 1 and 2 billion euros ahead of a Tuesday deadline, three sources close to the matter told Reuters. (Compiled by Pratik Jain and Sriparna Roy in Bengaluru)

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