The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:
** Sainsbury’s proposed takeover of Asda would be “extremely detrimental” to consumers, an unidentified major supplier to the supermarket groups has argued in a submission to Britain’s competition regulator.
** Nestle’s Purina PetCare division could cut around 200 jobs in France through voluntary departures and it is also exploring options for its Quimperle plant in Brittany, including a sale, said a Nestle France spokesman.
** Johnson Controls International Plc said it would sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners L.P., in a cash transaction valued at $13.2 billion.
** Indonesia’s biggest cement maker Semen Indonesia is buying the local unit of Swiss rival LafargeHolcim for around $917 million, as it seeks to extend its dominant position in Southeast Asia’s largest market.
** Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier.
** Food services group Elior is looking at separating its concession business, which includes airport catering, as part of a broader plan to boost growth, sending its shares up more than 8 percent.
Apple drags shares on both sides of the Pacific ** AstraZeneca has taken another step to refocus on priority drugs by selling U.S. rights to a treatment for infant lung infections to Swedish Orphan Biovitrum for an upfront fee of $1.5 billion.
** Kellogg Co said on Monday it would reorganize its North American division and explore a sale of its cookies and fruit snacks units, which include brands such as Keebler and Stretch Island, as it sharpens focus on its core businesses.
** U.S. oil refiner HollyFrontier Corp said it would buy privately held specialty hydrocarbons maker Sonneborn for $655 million in cash. (Compiled by Mary Ann Alapatt and Arundhati Sarkar in Bengaluru)
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