Deals of the day-Mergers and acquisitions Nov 3, 2017
November, 04th 2017
The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday:
** Malaysian state energy company Petronas and Aramco are facing "technical issues" in finalising the Saudi oil major's $7 billion investment in a refinery project, but the deal will be completed soon, state news agency Bernama reported.
** Unilever said it would buy the specialty tea brand Tazo from Starbucks in a deal valued at $384 million.
** Westpac Banking Corp said it had agreed to sell its Hastings fund management business to a London-based asset manager, in the latest move by a big Australian bank to offload a capital intensive division.
** T-Mobile US and Sprint are working to salvage their $74 billion merger and could reach a deal within weeks, the Wall Street Journal reported, citing people familiar with the matter.
** British energy supplier Centrica has bought Belgian demand response aggregator REstore for 70 million euros ($82 million), it said. (Compiled by Manas Mishra in Bengaluru)