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#DEALOFTHEDAY >> U.S. telecommunications equipment maker CommScope Holding Co Inc is in talks to acquire set-top box maker Arris International PLC in a bid to expand its offerings, people familiar with the matter said.
** The European Commission said that it had approved Sony Corp’s plan to take full control of EMI Music Publishing, saying the deal would not raise competition concerns.
** Brazil will leave a decision on whether to approve the sale of a controlling stake in planemaker Embraer SA’s commercial jet business to Boeing Co to the next government, Defense Minister Joaquim Silva e Luna told Reuters.
** Delta Air Lines Inc Chief Executive Edward Bastian declined to comment on reports that the No. 2 U.S. carrier is interested in acquiring a stake in Italy’s Alitalia, which was put under special administration last year.
** Thailand’s Minor International has won acceptances for 47.76 percent of NH Hotels Group, Spain’s regulator said, bringing its total stake to 94.14 percent.
** Budget airline Norwegian Air is in advanced talks for a potential joint venture ownership of aircraft in its fleet that would free up cash for the rapidly growing company, it said.
** Finnish elevator maker Kone is interested in consolidation, especially in the service industry, its chief executive said.
** Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings, the fund said.
** French car parts maker Faurecia SA is set to buy a majority stake in Japanese car navigation system maker Clarion Co from Hitachi Ltd for around 80 billion yen ($710 million), the Nikkei reported.
** China’s Wingtech Technology Co Ltd, the world’s largest smartphone contract manufacturer, is acquiring Dutch semiconductor firm Nexperia Holding by buying a majority stake from its Chinese owners for 25.2 billion yuan ($3.63 billion).
** Australia’s largest wealth manager AMP Ltd said it would sell its life insurance arm at a discount and revealed its funds were haemorrhaging cash as clients pulled out their money in response to revelations of systemic wrongdoing.
** Felix Energy LLC, a closely held Denver-based oil producer with operations in the largest U.S. shale field, is exploring a sale that could value the company at more than $3.5 billion, two people familiar with the matter said.
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JD Morris
