Mergers and acquisitions

RReuters

The following bids, mergers, acquisitions and disposals were reported by 1955 GMT on Friday:

** Attorneys general from Colorado and 19 other states called for a court to consider rejecting a U.S. Department of Justice's settlement allowing Hewlett-Packard Enterprise NYSE:HPE to acquire Juniper Networks for $14 billion.

** Spain's BBVA BME:BBVA said its 14.9 billion euro ($17.44 billion) mostly share-based hostile bid for Sabadell BME:SAB is scheduled to begin on Monday, while the target bank's chairman said the offer was worse than its earlier one.

** Reliance Infrastructure NSE:RELINFRA said its unit would sell a 2% stake in its Indian joint venture to its partner, Dassault Aviation EURONEXT:AM, making the French fighter plane maker a majority owner of the firm with a 51% stake.

** California-based VSP Vision, the owner of eyeglasses manufacturer Marchon, has agreed to buy Italian spectacles maker Marcolin from private equity firm PAI Partners, the two eyewear groups said. The two companies did not provide financial details on the transaction.

** Brazilian antitrust authority CADE has approved a merger deal between beef producer Marfrig BMFBOVESPA:MRFG3 and food processor BRF (BRF3.SA), the companies said in a joint securities filing.

** Africa's biggest mobile operator MTN Group JSE:MTN is not in active talks about reviving a potential acquisition of smaller South African rival Telkom JSE:TKG, either with Telkom or internally, group CEO Ralph Mupita said.

** Activist investor Starboard Value owns an 8% stake in BILL Holdings NYSE:BILL and may run a boardroom challenge to push for changes at the financial automation software company that serves small and midsize businesses around the world, two sources familiar with the matter told Reuters.

** E.ON XETR:EOAN will sell its Czech subsidiary Gas Distribution s.r.o to GasNet, a subsidiary of Czech electricity company CEZ Group PSECZ:CEZ, the German utility said.

** Mexican lender Banorte BMV:GFNORTE/O will sell its digital bank unit Bineo to financial technology firm Klar, it said in a filing on Thursday, giving the young startup access to its much-coveted banking license.

** Cadence Design NASDAQ:CDNS said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB OMXSTO:HEXA_B for 2.7 billion euros ($3.16 billion), to expand its customer base and scale up its product portfolio.

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