Deals of the day-Mergers and acquisitions June 13, 2017
June, 14th 2017
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:
** Fibria SA and two other pulp producers have hired banks to bid for rival Eldorado Brasil Celulose SA, which may go on the block after the family that controls it entered a plea deal in Brazil, Valor Economico newspaper reported.
** Canada's Shaw Communications Inc said it would sell its data center subsidiary ViaWest Inc to Peak 10 Holding Corp for about C$2.3 billion, as the cable company looks to streamline its operations.
** China's top pig farmer Guangdong Wen's Foodstuff Group is planning to invest between 800 million yuan ($117.7 million) and 1 billion yuan in COFCO Capital, a subsidiary of Chinese agribusiness COFCO Group, the Guangdong company said in a statement.
** Heineken's planned takeover of Punch Taverns pubs will face an in-depth investigation unless the Dutch brewer addresses competition concerns in 33 locations, Britain's Competition and Markets Authority said.
** Sears Canada Inc said it was exploring strategic alternatives including selling itself, and flagged doubts about its ability to continue as a going concern, following years of losses and declining sales.
** U.S. financial technology provider Fiserv said it had agreed to buy British financial services technology firm Monitise Plc for about 70 million pounds ($88.72 million). (Compiled by Diptendu Lahiri in Bengaluru)