Deals of the day- Mergers and acquisitions

martes 7 de junio de 2016 16:11 GYT
 

(Adds HSBC, CK Hutchison Holdings, Orange, William Demant, Thyssengas, F5 Networks; Updates Shanghai Pengxin Group Co, Sumner Redstone, Zimmer Biomet Holdings, Royal Dutch Shell)

June 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Royal Dutch Shell plans to increase cost savings to $4.5 billion following its $54 billion acquisition of BG Group which Chief Executive Officer Ben van Beurden said will make it the best oil company investment, ahead of Exxon Mobil .

** BHP Billiton has agreed to sell its coal assets in Indonesia to its partner, Adaro Energy, following a slump in prices for metallurgical coal.

** Zimmer Biomet Holdings Inc agreed to buy fellow medical device maker LDR Holding Corp for about $1 billion to expand in the market for treating spine disorders.

** The battle over control of Sumner Redstone's $40 billion media empire moved to a Massachusetts courtroom on Tuesday, where a state judge said he needs time to decide whether to move up the date of a trial questioning the 93-year-old's mental competence.   Continuación...