Deals of the day-Mergers and acquisitions

Reuters

Published Jan 12, 2018 22:04

Deals of the day-Mergers and acquisitions

Jan 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Friday:

** U.S. mail management company Pitney Bowes Inc (NYSE:PBI) PBI.N has received takeover interest from private equity firms Blackstone (NYSE:BX) Group LP BX.N and Carlyle Group LP CG.O , according to the Financial Times, citing a Bloomberg report. SS&C Technologies Holdings Inc SSNC.O said on Thursday it would buy DST Systems Inc DST.N in a $5.4 billion deal, expanding its financial technology software prowess through its largest deal to date. Australia and New Zealand Banking Group Ltd ANZ.AX has dropped plans to sell its vehicle finance unit to HNA Group after New Zealand blocked the $460 million deal last month over concerns about the Chinese conglomerate's ownership structure. Shares in Carrefour CARR.PA rose after Europe's largest supermarket retailer agreed to buy 17 percent of online fashion retailer Showroomprive.com for 79 million euros ($95 million), from Steinhoff-owned SNHJ.J furniture chain Conforama. Puma PUMG.DE has no plans to take on other brands such as Kering's PRTP.PA Volcom for the moment, the German sports brand's chief executive said. The Australian competition regulator said it would begin reviewing of the sale of Reckon Ltd's RKN.AX accounting practice management software business to MYOB Group MYO.AX which was announced in November last year. Melrose MRON.L , the British industrials turnaround specialist, plans to continue to pursue its bid for engineering group GKN GKN.L , according to a source familiar with the matter. GKN GKN.L has rejected as "entirely opportunistic" a takeover offer from turnaround specialist Melrose MRON.L and set out plans to split its business to boost profitability, sending shares in the British engineering firm up 25 percent. Mauritius's SBM Holdings SBMH.MZ will acquire 75 percent of the value of certain deposits of Kenya's Chase bank plus matched liabilities, the Kenyan central bank said. Indonesian regional and central government officials signed an agreement with state holding company PT Inalum that lays the foundation for transfer of Freeport-McMoRan Inc's FCX.N giant Grasberg copper mine to local control. Venture capitalist Peter Thiel has made an offer for Gawker, hoping to overcome legal hurdles and rival bidders for the online news site the billionaire helped shutter by funding litigation against it, people familiar with the matter said on Thursday. Malaysia's Top Glove Corp Bhd TPGC.KL said it has acquired a surgical glove business owned by Adventa Capital Pte Ltd for 1.37 billion ringgit ($345 million). The Federal Communications Commission said on Thursday it was pausing its review of Sinclair Broadcast Group Inc's SBGI.O plan to buy Tribune Media Co TRCO.N .

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