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Deals of the day- Mergers and acquisitions

Published 09/02/2016, 07:34 am
© Reuters.  Deals of the day- Mergers and acquisitions
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(Adds LafargeHolcim, Amaya; Updates National Bank of Egypt)

Feb 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 21:00 GMT on Monday:

** Apollo Education Group Inc APOL.O , the owner of the University of Phoenix, said on Monday it would be taken private by a consortium in a deal valued at $1.1 billion. Gold miner Tahoe Resources Inc TAHO.N THO.TO said it would buy Canada's Lake Shore Gold Corp LSG.TO for about C$751 million ($540 million) to add low-cost mines in Ontario to its portfolio. South Africa's Illovo Sugar ILVJ.J said on Monday it has received a non-binding expression of interest from its largest shareholder Associated British Foods ABF.L to acquire the rest of the company's shares. Volkswagen AG's VOWG_p.DE trucks business is open to acquisitions or even a public listing, VW trucks executive Andreas Renschler told Bloomberg. EU antitrust regulators will decide by March 11 whether to allow CK Hutchison Holdings Ltd 0001.HK and Vimpelcom VIP.O to merge their Italian mobile operations, marking the Hong Kong group's second European telecoms deal under EU review. E-commerce firm Africa Internet Group and French insurer AXA said on Monday they had formed a partnership in which AXA will be the exclusive provider of insurance to AIG and invest 75 million euros ($84 million) to take a roughly 8 percent stake in it. Greek-yogurt maker Chobani LLC, founded by billionaire Hamdi Ulukaya, said on Friday it had rejected offers from beverage giant PepsiCo (N:PEP) Inc PEP.N and other investors. Investors in Big C BIGC.BK , one of Thailand's largest supermarket chains, cheered on Monday an up to $3.5 billion deal by France's Casino Group CASP.PA to sell its majority holding to TCC Group, owned by whiskey tycoon Charoen Sirivadhanabhakdi. LafargeHolcim LHN.VX has received a revised order from the Competition Commission of India (CCI) to divest its interest in Lafarge (PA:LAFP) India, including three cement plants and two grinding stations with total annual capacity of 11 million tons, it said. Iran holds a stake in a refinery project in Malaysia and is considering taking stakes in projects in five other countries, the managing director of the National Iranian Oil Engineering and Construction Company (NIOEC) was quoted as saying on Monday. South Africa's Bidvest Group Ltd BVTJ.J on Monday said it plans to spin off and list its food business on the local stock exchange, beginning the industrial conglomerate's latest attempt to separate its biggest division. Saudi International Petrochemical Co 2310.SE ( Sipchem ) said on Monday it has paid 375.3 million riyals ($100.1 million) to raise its stake in two subsidiaries. Australia's OzForex Group Ltd OFX.AX said it has terminated talks to be acquired by Western Union WU.N after the U.S. money wiring giant failed to submit a binding proposal, sending its shares tumbling nearly 40 percent to an all-time low. Canada's Amaya Inc AYA.TO AYA.O , operator of online gambling website PokerStars, said on Monday that a special committee of its board has tapped Barclays (L:BARC) to review an expected all-cash offer from its Chief Executive David Baazov. The bidding war for Australian freight giant Asciano Ltd AIO.AX heated up on Monday as local rival Qube Holdings Ltd QUB.AX upped its proposal to A$9 billion ($6.4 billion), trumping Canada's Brookfield Asset Management Inc BAMa.TO . Kuwait Food Co (Americana) FOOD.KW said its board would meet on Monday to discuss details of the sale of a controlling stake in the company to an investment firm led by one of Dubai's top businessmen. National Bank of Egypt's investment banking arm said on Monday it had dropped its bid to buy CIB subsidiary CI Capital COMI.CA , announced earlier in the day, after failing to agree on a timeframe to complete feasibility studies. Activist investor Amber Capital said on Saturday it was not happy with a new price set for the buyout of minority shareholders in Italian train signalling group Ansaldo STS STS.MI . = A$1.4116) ($1 = 3.7497 riyals) ($1 = 16.1745 rand)

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