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Deals of the day-Mergers and acquisitions

Published 18/09/2018, 06:02 am
© Reuters.  Deals of the day-Mergers and acquisitions
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(Adds Cigna (NYSE:CI), Fox, Uber, Coca-cola, Lucid Motors)

Sept 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Health insurer Cigna Corp's CI.N $52 billion acquisition of pharmacy benefits manager Express Scripts Holding Co has passed U.S. antitrust scrutiny, the companies said, allowing them to proceed with a combination they say will lead to lower costs by better coordinating pharmacy and medical benefits. Twenty-First Century Fox FOXA.O said that its 14 pounds per share bid for Sky Plc SKYB.L will remain open for acceptances until October 6. Saudi Arabia's Public Investment Fund (PIF) has agreed to invest more than $1 billion in Lucid Motors, adding to the emerging competition facing U.S. electric vehicle maker Tesla TSLA.O . Ride-hailing company Uber Technologies Inc UBER.UL is in talks to buy Dubai-based rival Careem Networks FZ for about $2 billion to $2.5 billion, Bloomberg reported, citing people familiar with the matter. Coca-Cola (NYSE:KO) Co KO.N is in talks with Canadian marijuana producer Aurora Cannabis Inc ACB.TO to make cannabis-infused beverages, BNN Bloomberg reported. EU antitrust regulators have set an Oct. 19 deadline for their ruling on Walt Disney's DIS.N $71.3 billion bid for Twenty-First Century Fox Inc's FOXA.O entertainment assets, the European Commission said. German publishing group Bertelsmann BTGGg.F said it was buying U.S. online education provider OnCourse Learning from private equity firm CIP Capital in a deal worth around $500 million. Germany's oldest private bank, Joh. Berenberg, Gossler & Co KG, has sold a majority stake in its Swiss private banking unit to a group of investors, it said without giving financial details. Walmart (NYSE:WMT) Inc's WMT.N Flipkart unit is in talks to buy a stake in Star India's video streaming service Hotstar, the Mint daily reported, stepping up the e-commerce firm's battle with Amazon.com Inc AMZN.O by expanding into video content. Insurance services provider Thomas Miller said it had agreed to buy the managing general agency and insurance services operations of specialist insurance services group Zeller Associates. Meredith Corp MDP.N said it entered into a definitive agreement to sell the Time media brand to Marc and Lynne Benioff for $190 million in cash. Deutsche Bank DBKGn.DE is considering shifting large volumes of assets from London to Frankfurt after the UK's planned exit from the European Union next year to meet demands from European regulators, a person close to the matter said. Australia's BWX Ltd BWX.AX , a marketer of branded skin and hair care products, said it will remain independent after a Bain Capital-led consortium failed to submit a binding proposal and withdrew its takeover offer.

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