May 3, 2019 / 10:16 AM / 16 days ago

Deals of the day-Mergers and acquisitions

(Adds McCain Foods, Louis Dreyfus, Shell)

May 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Sinclair Broadcast Group Inc, the largest U.S. broadcast station owner, has reached a deal valued at more than $10 billion to buy 21 regional sports networks from Walt Disney Co, the Wall Street Journal reported.

** Superloop Ltd said it received a revised takeover offer from QIC Private Capital Pty Ltd of A$493.9 million ($345.53 million) for the telecommunications infrastructure company.

** The board of Brazilian retailer Via Varejo is proposing to its shareholders the removal of a clause in its bylaws demanding a tender offer to all shareholders if an investor buys a stake larger than 20 percent.

** McCain Foods SA, the world’s largest producer of frozen fries, has agreed to buy 70 percent of Brazilian firm Sérya for an undisclosed amount, in a deal that will allow the Canadian company to expand its footprint in Latin America’s largest market.

** Louis Dreyfus Co, one of the world’s biggest agricultural commodities houses, may consider selling a stake to a regional player to support its development although there are no specific plans to do so, the company said.

** Royal Dutch Shell is moving to sell its stake in Indonesia’s $15 billion Abadi liquefied natural gas (LNG) project, industry and banking sources said, following on from an asset disposal programme that has raised more than $30 billion. (Reporting by Shradha Singh and Uday Sampath in Bengaluru)

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