TPG tpg telecom limited.

News: TPG Deals of the day-Mergers and acquisitions

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    (Adds Sachem Head, Philip Morris, Morrisons, Ferragamo; Updates NSM Insurance)

    May 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2115 GMT on Monday:

    ** Hedge fund Sachem Head Capital Management is in advanced talks to drop a board challenge against US Foods Holding Corp USFD.N in exchange for three seats on the food distributor's board of directors and the replacement of Chief Executive Officer Pietro Satriano, people familiar with the matter said.

    ** Philip Morris International Inc PM.N is in talks to buy rival Swedish Match AB SWMA.ST , the companies said, as the Marlboro maker looks to expand its smoke-free options amid rising global scrutiny on the sale of traditional cigarettes.

    ** British supermarket group Morrisons has won a battle against the owners of rival Asda to buy collapsed convenience store chain McColl's.

    ** The Ferragamo family denied that the Italian luxury group could be up for sale after a report on deals website Betaville said it was rumoured to be "back in play".

    ** Private equity firm Carlyle Group Inc CG.O told Reuters on Monday it has agreed to acquire U.S. specialty insurance provider NSM Insurance Group from White Mountains Insurance Group Ltd WTM.N for $1.78 billion in cash.

    	**	Austrian hydropower utility Verbund  VERB.VI  said it 
    had acquired a portfolio of renewable energy assets in Spain 
    

    from local private equity fund Q-Energy for an undisclosed sum.

    ** The technical body of Brazilian antitrust watchdog Cade has recommended the approval of the acquisition of pharmacy chain Extrafarma by rival Pague Menos, the company said.

    ** Ideagen Plc IDEA.L agreed to a takeover by London-based private equity firm Hg Pooled Management in an all-cash deal, valuing the British software firm at 1.09 billion pounds ($1.34 billion), the companies said.

    ** Australian broadband services provider TPG Telecom Ltd (TPG) said it will sell its mobile tower and rooftop infrastructure assets to Canada's OMERS Infrastructure Management Inc for A$950 million ($670 million).

    ** Australian insurance broker AUB Group (AUB) said it would buy London-based Lloyd's wholesale insurer broker Tysers for A$880 million ($620.5 million) to expand the range of its products.

    ** London's West End focused commercial landlords Capital & Counties Properties Plc CAPCC.L and Shaftesbury Plc SHB.L are in advanced talks about a 3.5 billion pound ($4.32 billion) merger, Sky News reported on Saturday.

 
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Last
$4.93
Change
0.020(0.41%)
Mkt cap ! $9.166B
Open High Low Value Volume
$4.95 $4.96 $4.90 $3.943M 798.0K

Buyers (Bids)

No. Vol. Price($)
1 25 $4.93
 

Sellers (Offers)

Price($) Vol. No.
$4.96 898 2
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