I think you might enjoy this article: Reuters News Deals of the day- Mergers and acquisitions.
June 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:
** Japans Dai-ichi Life Insurance Co 8750.T has agreed to buy U.S. peer Protective Life Corp PL.N for $5.7 billion, the largest acquisition by a Japanese insurer, displaying its determination to grow overseas to counter weak prospects at home. Dai-ichi Life, Japans second largest private-sector life insurer, said it would issue up to 250 billion yen ($2.4 billion) in new shares to help finance the widely expected purchase of Protective Life. ID:nL3N0OL0Z0
** Swiss travel and duty free retailer Dufry AG DUFN.VX is buying rival Nuance Group for 1.55 billion Swiss francs ($1.7 billion) to bolster its business in the Mediterranean, Europe, Asia and the United States. The sale marks a lucrative exit for private equity group PAI Partners and GECOS - part of Italian retailer GruppoPam - which have jointly owned Nuance since a 2011 buyout that valued the company at 676 million francs.
ID:nL6N0OL0UN
** Volkswagen AG VOWG_p.DE said it raised 2 billion euros ($2.7 billion) from a share sale to help fund its long-planned takeover of Swedish truckmaker Scania AB SCVb.ST . VW said on Wednesday it had issued 10.47 million new preference shares at 191 euros each in an accelerated book building with institutional investors, a move that confirmed an earlier Reuters report. ID:nL6N0OL191
** Singapore-listed Frasers Centrepoint Ltd FRCT.SI made a surprise A$2.6 billion ($2.41 billion) cash takeover bid for Australias Australand Property Group ALZ.AX , trumping an offer from Australian firm Stockland Corp Ltd SGP.AX . Backed by Thai beer billionaire Charoen Sirivadhanabhakdi, Frasers Centrepoint made its offer less than a week after Stockland upped its bid to A$2.5 billion, Australand said in a statement on Wednesday. ID:nL3N0OK4Y5
** Hutchison Whampoa Ltd 0013.HK has resumed talks with Russian telecoms group Vimpelcom Ltd VIP.O over merging their Italian mobile firms, encouraged by Hutchisons 3 getting the go-ahead last week for an acquisition in Ireland, according to several people familiar with the situation. ID:nL6N0OK4UO
** The administrators of troubled New Zealand clothing retailer Postie Plus Group Ltd PPG.NZ said on Wednesday they had found a likely buyer for the company. The struggling company called in administrators from PricewaterhouseCoopers on Tuesday after its bank refused to back the retail chain, which has been racking up losses and losing market share for the past two years. The stock last traded at 7.3 NZ cents a share, valuing the company at NZ$2.9 million ($2.45 million). ID:nL3N0OL0T7
** French cement maker Lafarge SA LAFP.PA will combine its South Africa business with publicly traded Nigerian unit Lafarge Wapco WAPCO.LG , listing its Africa interests together on the Lagos bourse, its country chief executive said on Tuesday. Guillaume Roux said the deal, worth $1.35 billion, would see the Lafarge group get $200 million in cash and 1.4 billion new shares in Lafarge Wapco to effect the merger. ID:nL6N0OK4TM
** American Securities LLC is in advanced talks to acquire specialty chemicals company Emerald Performance Materials LLC from private equity peer Sun Capital Partners Inc for more than $1 billion, people familiar with the matter said on Tuesday.
ID:nL1N0OK2D0
(Compiled by Lehar Maan in Bangalore)
((lehar.maan@thomsonreuters.com, Within U.S. +1 646 223 8780, Outside U.S. +91 80 6749 6234, Reuters Messaging: lehar.maan.thomsonreuters.com@reuters.net))
Keywords: DEALS DAY/
Disclaimer:
© Thomson Reuters 2011. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for any actions taken in reliance on such content. 'Thomson Reuters' and the Thomson Reuters logo are trademarks of Thomson Reuters and its affiliated companies.
For additional information on other Thomson Reuters Services please visit the Thomson Reuters public web site http://www.thomsonreuters.com/.
June 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday:
** Japans Dai-ichi Life Insurance Co 8750.T has agreed to buy U.S. peer Protective Life Corp PL.N for $5.7 billion, the largest acquisition by a Japanese insurer, displaying its determination to grow overseas to counter weak prospects at home. Dai-ichi Life, Japans second largest private-sector life insurer, said it would issue up to 250 billion yen ($2.4 billion) in new shares to help finance the widely expected purchase of Protective Life. ID:nL3N0OL0Z0
** Swiss travel and duty free retailer Dufry AG DUFN.VX is buying rival Nuance Group for 1.55 billion Swiss francs ($1.7 billion) to bolster its business in the Mediterranean, Europe, Asia and the United States. The sale marks a lucrative exit for private equity group PAI Partners and GECOS - part of Italian retailer GruppoPam - which have jointly owned Nuance since a 2011 buyout that valued the company at 676 million francs.
ID:nL6N0OL0UN
** Volkswagen AG VOWG_p.DE said it raised 2 billion euros ($2.7 billion) from a share sale to help fund its long-planned takeover of Swedish truckmaker Scania AB SCVb.ST . VW said on Wednesday it had issued 10.47 million new preference shares at 191 euros each in an accelerated book building with institutional investors, a move that confirmed an earlier Reuters report. ID:nL6N0OL191
** Singapore-listed Frasers Centrepoint Ltd FRCT.SI made a surprise A$2.6 billion ($2.41 billion) cash takeover bid for Australias Australand Property Group ALZ.AX , trumping an offer from Australian firm Stockland Corp Ltd SGP.AX . Backed by Thai beer billionaire Charoen Sirivadhanabhakdi, Frasers Centrepoint made its offer less than a week after Stockland upped its bid to A$2.5 billion, Australand said in a statement on Wednesday. ID:nL3N0OK4Y5
** Hutchison Whampoa Ltd 0013.HK has resumed talks with Russian telecoms group Vimpelcom Ltd VIP.O over merging their Italian mobile firms, encouraged by Hutchisons 3 getting the go-ahead last week for an acquisition in Ireland, according to several people familiar with the situation. ID:nL6N0OK4UO
** The administrators of troubled New Zealand clothing retailer Postie Plus Group Ltd PPG.NZ said on Wednesday they had found a likely buyer for the company. The struggling company called in administrators from PricewaterhouseCoopers on Tuesday after its bank refused to back the retail chain, which has been racking up losses and losing market share for the past two years. The stock last traded at 7.3 NZ cents a share, valuing the company at NZ$2.9 million ($2.45 million). ID:nL3N0OL0T7
** French cement maker Lafarge SA LAFP.PA will combine its South Africa business with publicly traded Nigerian unit Lafarge Wapco WAPCO.LG , listing its Africa interests together on the Lagos bourse, its country chief executive said on Tuesday. Guillaume Roux said the deal, worth $1.35 billion, would see the Lafarge group get $200 million in cash and 1.4 billion new shares in Lafarge Wapco to effect the merger. ID:nL6N0OK4TM
** American Securities LLC is in advanced talks to acquire specialty chemicals company Emerald Performance Materials LLC from private equity peer Sun Capital Partners Inc for more than $1 billion, people familiar with the matter said on Tuesday.
ID:nL1N0OK2D0
(Compiled by Lehar Maan in Bangalore)
((lehar.maan@thomsonreuters.com, Within U.S. +1 646 223 8780, Outside U.S. +91 80 6749 6234, Reuters Messaging: lehar.maan.thomsonreuters.com@reuters.net))
Keywords: DEALS DAY/
Disclaimer:
© Thomson Reuters 2011. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for any actions taken in reliance on such content. 'Thomson Reuters' and the Thomson Reuters logo are trademarks of Thomson Reuters and its affiliated companies.
For additional information on other Thomson Reuters Services please visit the Thomson Reuters public web site http://www.thomsonreuters.com/.
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