Deals of the day-Mergers and acquisitions June 14, 2019
June, 17th 2019
The following bids, mergers, acquisitions and disposals were reported by 2015 GMT on Friday:
** Italian Deputy Prime Minister Matteo Salvini said an infrastructure or transportation group would be his preferred partner for troubled carrier Alitalia
** Allianz SE said it closed its acquisition of a stake in New York’s second-tallest office tower for 342 million euros ($384 million) and an undisclosed amount of debt, increasing its footprint in the city’s fashionable Hudson Yards.
** Italy’s industry ministry is open to discussions with any investor interested in the rescue of troubled carrier Alitalia , including infrastructure group Atlantia, two sources with knowledge of the matter said.
** Five potential investors showed up for the rescue of Italian fashion house Roberto Cavalli, the company said without naming the suitors.
** Dish Network Corp executives met this week with the U.S. Justice Department’s antitrust chief Makan Delrahim and Federal Communications Commission Chairman Ajit Pai on the government’s review of the proposed $26.5 billion tie-up of wireless carriers T-Mobile USA and Sprint Corp.
** Barnes & Noble Inc said it had not received any other offers from prospective bidders before Elliott Management’s “keep-shop” deadline.
** Real estate developer Group Mach Inc said it had formally tabled an offer for Transat AT Inc that was higher than Air Canada’s earlier bid for the Canadian travel operator.
** Brazilian retailer Magazine Luiza SA said shareholders of online sports retailer Netshoes Ltd had approved its bid for the company at $3.70 per share, according to a securities filing.
** Boeing Co said it would buy aerospace interiors company EnCore Group, the planemaker’s second foray into aircraft seats after it partnered with auto seats maker Adient last year.
** Pernod Ricard said it was acquiring Kentucky-based Rabbit Hole Whiskey, a high-end whiskey and bourbon maker founded seven years ago, as it seeks to expand its portfolio of specialty brands.
** Indian IT services company Hexaware Technologies Ltd said on Thursday it bought privately owned Mobiquity Inc for $182 million, to expand its cloud and automation service offerings.
** Shared office space manager WeWork Cos is exploring a deal to take majority control of its affiliate WeWork India ahead of the New York-based company’s plans to go public, Bloomberg reported on Thursday, citing people familiar with the matter.
** Slovenia has received bids for its third largest bank, Abanka, from U.S. investment fund Apollo and Hungarian bank OTP, daily newspaper Delo reported.
** Rolls-Royce Holdings Plc confirmed it received a preliminary and conditional indication of interest from Spain’s Indra Sistemas SA for a majority stake in the British engine maker’s Spanish business ITP Aero.