Reuters - Deals Today

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Tuesday, August 15, 2017

Linde says acceptance period for Praxair merger starts

FRANKFURT (Reuters) - German industrial gases group Linde said the 10-week acceptance period for its proposed $74 billion merger with U.S. peer Praxair started on Tuesday and would run through Oct. 24.

Transocean in $1.1 billion deal to buy Norwegian rig firm Songa Offshore

OSLO (Reuters) - Transocean, one of the world's biggest drilling rig operators, has agreed a deal to buy Norwegian competitor Songa Offshore for 9.1 billion Norwegian crowns ($1.1 bln), the two companies said on Tuesday.

Amec Foster's proposed asset sale may help Wood Group deal approval: regulator

(Reuters) - Amec Foster Wheeler Plc's proposal to sell almost all of its upstream offshore oil and gas servicing assets may be adequate for regulatory approval of its merger with John Wood Group Plc, the UK's Competition And Markets Authority (CMA) said.

Andeavor unit to buy Western Refining Logistics for $1.5 billion

(Reuters) - U.S. pipeline operator Andeavor Logistics LP said on Monday it would buy rival Western Refining Logistics LP for $1.5 billion as it seeks to expand into the Permian Basin in Texas and New Mexico.

Japan's MS&AD buys stake in Australian annuity provider Challenger

TOKYO (Reuters) - Japanese insurer MS&AD said it has agreed to buy 6.3 percent of Australian annuity provider Challenger Ltd for A$500 million ($393 million), to tap the growing market for managing retirement savings.

Sainsbury's puts Nisa takeover on hold over competition concerns

LONDON (Reuters) - Britain's second largest supermarket group Sainsbury's has suspended bid talks with wholesaler Nisa until it has a clear idea of whether the competition regulator will approve takeovers in the fast-growing convenience sector.

VF Corp to buy Dickies workwear maker for $820 million

(Reuters) - Apparel and footwear maker VF Corp said on Monday it would buy privately held Williamson-Dickie Mfg. Co, the owner of Dickies and Workrite workwear, for about $820 million in cash.

Husky Energy to buy $435 million Wisconsin refinery

CALGARY, Alberta (Reuters) - Canadian integrated oil company Husky Energy Inc said on Monday it is buying a refinery in the United States from Calumet Specialty Products Partners LP for $435 million in cash.

Colombia's Grupo Argos sells port company to Goldman for $136 million

BOGOTA (Reuters) - Colombian holding company Grupo Argos has sold its 50 percent stake in a port operator to an investment fund administered by Goldman Sachs for about $136 million, Grupo Argos said in a statement on Monday.

China's Fosun, Shanghai Pharma say bid for stake in U.S. drugmaker Arbor

HONG KONG (Reuters) - A unit of China's Fosun Group and Shanghai Pharmaceuticals Holding Co are among bidders for a stake in U.S. speciality drugmaker Arbor Pharmaceuticals LLC, the companies said on Monday.