CORRECTED-Deals of the day- Mergers and acquisitions

jueves 22 de mayo de 2014 19:26 GYT
 

(Corrects to remove reference to Gannett Co exploring bid for Cars.com. This story was first reported on May 7, not May 22)

May 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Refiner Marathon Petroleum Corp said it would buy oil and natural gas producer Hess Corp's retail business for $2.87 billion to expand its network of gas stations and convenience stores along the U.S. East Coast.

** CVS Caremark Corp made a formal bid to purchase Brazilian drugstore firm DPSP for about 4.5 billion reais ($2 billion), though the offer was rejected, a Brazilian news website reported on Thursday.

** Unilever agreed to sell its Ragu and Bertolli pasta sauce brands to Japanese condiments maker Mizkan Group for $2.15 billion in cash, bringing it closer to wrapping up the restructuring of its North American food business. The Anglo-Dutch consumer goods company is still exploring options for its troubled Slimfast brand, but has said a conclusion on that would be the last step in the streamlining of its food business in the United States.

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