Breaking News
Ad-Free Version. Subscribe now to follow markets, faster and distraction-free. More details

Deals of the day-Mergers and acquisitions

Stock MarketsAug 03, 2020 22:06
Saved. See Saved Items.
This article has already been saved in your Saved Items

(Updates Lordstown, Nordex , Alphabet)
Aug 3 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Monday:

** Alphabet Inc's GOOGL.O Google is picking up a 6.6%
stake in ADT Inc ADT.N for $450 million, betting on the home
security company's strong customer base and an army of
technicians to drive sales of its Nest devices. Lordstown Motors has agreed to go public through a merger
with blank-check company DiamondPeak Holdings DPHCU.O in a
deal that values the electric pickup truck start-up at $1.6
billion, the companies said. Mexican cement producer Cemex SAB de CV CMXCPO.MX said
that it closed the sale of assets in the United Kingdom to
Breedon Group BREE.L for $230 million, including some $30
million of debt. Nigeria's FBN Holdings Plc FBNH.LG said it has sold its
life insurance company and invested the proceeds of 25 billion
naira ($66 million) as equity into its lending business to boost
the bank's capital ratio. Shoprite Holdings SHPJ.J could become the latest South
African retailer to retreat from other African markets after it
said that it is considering reducing or selling all of its stake
in its Nigerian subsidiary. The Japanese owner of 7-Eleven convenience stores has
agreed to buy Marathon Petroleum Corp's MPC.N Speedway gas
stations for $21 billion, brushing aside coronavirus concerns to
return to the table five months after initially baulking at the
deal. Microsoft Corp MSFT.O said it will push ahead with
talks to acquire the U.S. operations of Chinese-owned
short-video app TikTok, a potential blockbuster deal that could
re-shape the social media industry and further inflame crumbling
U.S.-China relations. Metro Bank has agreed to buy peer-to-peer lender
RateSetter for an initial payment of 2.5 million pounds ($3.27
million), it said. Poland plans to merge its three utilities PGE PGE.WA ,
Enea ENAE.WA and Tauron TPE.WA into two groups as part of a
planned reform of its coal and energy industry, its deputy prime
minister was quoted saying by Dziennik Gazeta Prawna (DGP)
daily. SoftBank's Z Holdings Corp 4689.T said its merger with
messaging app operator Line Corp 3938.T will take place around
March 2021 after the deal was pushed back from October due to
regulatory delays caused by the coronavirus outbreak.
Debt-laden British Mall operator Hammerson HMSO.L is
drawing up plans for a possible rights issue and is in advanced
talks on the sale of its stake in discount shopping outlets
joint venture to help it through the coronavirus crisis, it
said. Indofood CBP (ICBP) has obtained approval from
shareholders at an extraordinary general meeting in Jakarta for
its acquisition of Pinehill Company Ltd, ICBP said in a
statement to the Indonesia Stock Exchange. Germany-based holiday company TUI TUIT.L said it has
agreed for a sale and leaseback deal for five new Boeing 737
MAX-8 aircraft with BOC Aviation, raising $226 million to help
boost its finances. Shares in wind turbine maker Nordex NDXG.DE jumped
nearly a quarter after the group agreed to sell most of its
project development pipeline to RWE RWEG.DE for 402.5 million
euros ($474 million). The Lumibird Group, the European leader for laser
technologies, is announcing its acquisition of the Swedish
company EssMed AB, specialized in distributing high-quality
medical devices for ophthalmology, on July 31, 2020.
Tullow Oil TLW.L ceded its Walton Morant offshore
oilfield licence for a nominal fee to London-listed United Oil &
Gas UOGU.L , United said, adding that Tullow had invested $30
million in the licence.

Deals of the day-Mergers and acquisitions

Related Articles

Broadcom Earnings, Revenue Beat in Q1
Broadcom Earnings, Revenue Beat in Q1 By - Mar 04, 2021

By Yasin Ebrahim - Broadcom (NASDAQ:AVGO) reported on Thursday first-quarter results that beat analysts' forecasts and revenue that topped expectations. Broadcom...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email