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Deals of the day-Mergers and acquisitions

Published 26/05/2018, 06:03 am
Updated 26/05/2018, 06:03 am
© Reuters.  Deals of the day-Mergers and acquisitions

(Adds PepsiCo, Enel )

May 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** PepsiCo Inc PEP.O said it would buy baked fruit and vegetable snack maker Bare Foods Co, as the food and beverage company expands its fast-growing healthy snack portfolio. The companies did not disclose the financial terms of the deal, while CNBC, citing a source, said Pepsi paid less than $200 million. Italy's biggest utility Enel ENEI.MI is in advanced talks with Russian businessman Andrey Melnichenko over the sale of Enel's Reftinskaya coal plant, three sources familiar with the talks told Reuters. France's Thales TCFP.PA has its eye on bolt-on acquisitions after securing chipmaker Gemalto (AS:GTO) but feels no immediate pressure to match the scale of 'nose-to-tail' aircraft parts suppliers like United Technologies (NYSE:UTX), its chief executive said. Telecom group Telia TELIA.ST confirmed it is in talks to buy Bonnier's broadcasting business, seeking to add television content in a deal which a media report said could be worth 10-12 billion crowns ($1.2 billion-$1.4 billion). Italian oil major Eni ENI.MI is working on a joint bid for Terra Firma's solar assets in Italy with Qatar Petroleum, Eni CEO Claudio Descalzi told Reuters on the sidelines of the St Petersburg Forum. A consortium led by Swiss asset manager Partners Group Holding PGHN.S will buy Techem from Macquarie MQG.AX in a deal that values the German metering company at an enterprise value of 4.6 billion euros ($5.4 billion), Partners Group said. German investment house ATON raised its takeover offer for Murray & Roberts MURJ.J by about 13 percent to $426 million, attempting to secure investor backing after the South African builder struck a deal of its own last week. Polish media and telecoms group Cyfrowy Polsat PS.WA said late Thursday it agreed to buy a controlling stake in sports content producer and distributor Eleven Sports Network Sp.z o.o. (ESN) for 38 million euros ($44.48 million). India's National Stock Exchange (NSE) and Multi Commodity Exchange (MCX) MCEI.NS are in talks to merge ahead of the implementation of a universal exchange framework in October, the Business Standard newspaper reported. Australian retail conglomerate Wesfarmers ES.AX is selling UK home improvement chain Homebase for a nominal 1 pound ($1.34) just two years after buying it, ending an embarrassing offshore adventure that cost it $1 billion and sowing doubts about its future investments.

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