December 18, 2018 / 10:57 AM / 3 months ago

Deals of the day-Mergers and acquisitions

(Adds Carlyle Group LP, Pernod Ricard, PT Inalum; Updates Rent-A-Center)

Dec 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Rent-A-Center Inc said it terminated a deal to be acquired by Vintage Capital Management, as the buyout firm did not extend a deadline to close the transaction that was waiting for regulatory approval six months after being announced.

** French spirits group Pernod Ricard, which is targeted by activist investor Elliott Management, said it was buying an unspecified stake to become a “strategic shareholder” in Jumia, Africa’s leading online retailer.

** Indonesian miner PT Inalum said it expects to finalise a $3.85 billion deal this week to take majority control of the local subsidiary of mining giant Freeport McMoRan Inc, once environmental and other issues are resolved.

** U.S-based private equity firm Carlyle Group LP is looking to double its stake in Indian housing finance company PNB Housing Finance Ltd, Bloomberg Quint reported, citing people familiar with the matter.

** Japan’s Mitsubishi Corp said it will sell its stake in two Australian thermal coal mines for A$750 million ($539 million).

** A consortium led by British private equity firm Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) in cash for Swedish gaming company Cherry AB , Cherry said.

** Australian gold miner Newcrest Mining Ltd has raised its holdings in Ecuador gold and copper developer SolGold Plc, nudging further ahead of the company’s second biggest investor BHP Group,.

** T-Mobile US Inc TMUS.O and Sprint Corp S.N have won backing for their $26 billion merger from two national security reviews on Monday, clearing key hurdles in their tie-up bid.

** Nigeria’s Access Bank has agreed to takeover mid-tier rival Diamond Bank, the lenders said on Monday, in a deal both said would create Africa’s largest bank by customers.

** Fletcher Building has agreed to sell the Formica Group to Netherlands-based Broadview Holding BV for $840 million as New Zealand’s largest builder streamlines its business, sparking a rally in its shares.

** Brazil’s Embraer SA will receive the same net proceeds from a deal to sell 80 percent of its commercial jet unit to Boeing Co, even though the U.S. aircraft maker increased the enterprise value which includes debt by 11 percent.

** J&F Investimentos SA, the holding company controlled by the Batista family which also owns meatpacker JBS SA, has agreed to sell its transmission lines for 942.5 million reais ($243 million) to Transmissora Aliança de Energia Elétrica S.A. (Taesa), the company said in a statement.

** EU antitrust chief Margrethe Vestager voiced concerns over a plan by Siemens and Alstom to create a Franco-German rail champion and the impact the deal would have on high-speed trains in Europe.

** Norwegian oil firm DNO has bought another 914,732 shares in Faroe Petroleum at 151.6 pence each, it said. (Compiled by Manogna Maddipatla and Bharath Manjesh in Bengaluru)

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