U.S. industrial gas supplier Air Products and Chemicals Inc launches a hostile bid to buy rival Airgas Inc for about $60 per
share in cash, in a deal valued at about $7 billion including assumed debt.
Deutsche Telekom is considering an initial public offering or spinoff of its U.S. wireless service T-Mobile USA, the Wall Street Journal reports, citing people familiar with the matter. T-Mobile USA could have an equity value of around $20 billion, the Journal says.
There’s plenty of other M&A and corporate finance news reported by Reuters and other media on Friday. Highlights include:
Mongolia’s government cancels the auction of an estimated $2 billion stake in one of the world’s largest untapped coal deposits, ending the hopes of global mining giants eager for a slice of the project, sources tell Reuters.
Thanachart Bank, 49 percent owned by Canada’s Scotiabank, has offered $984 million to buy 48 percent of Thailand’s seventh-ranked lender, sources tell Reuters, muscling ahead of an offer by HSBC.