** Home REIT said that it will not "proactively"
pursue a sale at this time after potential suitor Bluestar Group
decided not to bid for the British housing provider.
** Brazil's Magazine Luiza SA said it had
extended a commercial agreement with insurer Cardif which includes selling it a stake in their
insurance venture, in a 1.01 billion real ($201.87 million) deal
which boosted shares.
** Canada's Absolute Software said it had agreed
to be taken private by Crosspoint Capital Partners for $657
million, extending a recent trend of private equity firms
snapping up cybersecurity providers.
** Britain's competition regulator has published an interim
order restricting Microsoft Corp and Activision
Blizzard Inc from acquiring an interest in each other
without its consent, weeks after it blocked their $69 billion
merger.
** Three of Britain's largest power providers have expressed
interest in acquiring Shell's UK retail business which
was put under review due to poor returns earlier this year,
sources close to the process said.
** Siemens has initiated the sale of its airport
logistics division, Germany business daily Handelsblatt
reported.
** Shares in Australian-listed lithium miners jumped after a
$10.6 billion merger in the sector raised expectations for more
consolidation among producers of the key metal in electric
vehicle batteries.
** John Wood Group said its quarterly revenue rose on
the back of a steady demand across its business units, while
investors awaited clarity on the British oilfield services and
engineering firm's buyout offer from Apollo Global.
** Share prices of COSCO SHIPPING Ports Ltd rose
to as much as a three-month high, after the German government
cleared it to buy part of a Hamburg port-based container
terminal, amid a political row over Chinese investment.
** Conglomerate Grupo Mexico is set to buy
Citigroup Inc's retail banking operations in Mexico for
about $7 billion in a deal that could be announced as early as
this week, according to a person familiar with the matter.
** Silver Lake Resources Ltd revised its offer for
St Barbara Ltd's Leonara assets in Western Australia to
A$707 million ($479.56 million), hoping to outbid Genesis
Minerals GMD.AX in the race to secure the assets.
** Britain's biggest online-only estate agency Purplebricks granted Strike Limited an exclusive short period on
Wednesday to negotiate a possible sale as the smaller rival said
it did not intend to make an offer. (Compiled by Rajarshi Roy, Pratik Jain and Aditya Samal in
Bengaluru)
(Adds Magazine Luiza SA, updates Bluestar Group)
May 11 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1945 GMT on
Thursday:
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