September 13, 2018 / 3:02 PM / a month ago

Deals of the day-Mergers and acquisitions

Sept 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Thursday:

** South Africa’s Competition Tribunal conditionally approved Glencore’s proposed $973 million acquisition of Chevron Corp’s subsidiary in the country, all but scuppering a rival bid from China’s Sinopec.

** Mexico’s biggest retailer Walmart de Mexico said that its parent company Walmart Inc reached a deal to buy Latin American food delivery service Cornershop Inc for $225 million.

** British engineering firm Smiths Group Plc said talks with U.S.-based ICU Medical Inc over a possible 7 billion pound ($9.2 billion) merger of their healthcare businesses had fallen through.

** Singapore Technologies Engineering Ltd said it had agreed to purchase aircraft part manufacturer MRA Systems from General Electric Co for $630 million.

** Nordea and DNB have agreed to sell a 60 percent stake in Baltic bank Luminor to a Blackstone-led private equity consortium for 1 billion euros ($1.16 billion), the two Nordic banks said.

** Adobe Systems Inc, the maker of image-editing software Photoshop, is in negotiations to buy Marketo Inc, a privately-held cloud-based marketing software company, according to people familiar with the matter.

** Hershey Co said it would buy Pirate Brands from B&G Foods Inc for $420 million in an all-cash deal, giving the chocolate maker rights to snack brands such as Pirate’s Booty, Smart Puffs and Original Tings.

** Hedge fund HG Vora Capital Management has built a 4.9 percent stake in U.S. casino operator Caesars Entertainment Corp , seeking to persuade it to explore options that could include divestitures or an outright sale, people familiar with the matter said. (Compiled by Bharath Manjesh in Bengaluru)

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