Deals of the day-Mergers and acquisitions

Reuters
07 Mar
Deals of the day-Mergers and acquisitions

March 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday:

** German e-retailer Zalando > said that it has secured the purchase of more than 90% of ABOUTYOU's YOUG.DE share capital in its public takeover offer, taking plans to buy the smaller rival a step further.

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** Norwegian oil company DNO has agreed to buy rival Sval Energi from private equity group HitecVision in a deal valued at $1.6 billion, it said, marking the latest case of consolidation among North Sea oil and gas producers.

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** Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the firms said on Thursday, closing out nearly a century of trading on public markets for the U.S. pharmacy giant.

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** Star Entertainment SGR.AX said it has not yet reached an agreement over selling 50% stake in its Brisbane joint venture to its Hong Kong-based shareholders.

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** Australia's Insignia Financial IFL.AX said it had received higher takeover offers from Bain Capital and CC Capital Partners, with both the private equity firms sweetening their bids to A$3.34 billion ($2.11 billion).

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(Compiled by Rajarshi Roy and Aamir Sohail in Bengaluru)

((Aamir.sohail@thomsonreuters.com))

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