Deals of the day-Mergers and acquisitions

Acacia Research

01/11/2021 14:24

(Adds Jilong Gold Mining, DAMAC Properties, Acacia Research
Corp, Coca-Cola Co, Empower, BK Brasil Operacao e Assessoria a
Restaurantes; Updates Rusal)
    Nov 1 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported 1415 GMT on Monday:
    
    ** Coca-Cola Co  KO.N  said it would buy the remaining stake
in BodyArmor it did not already own for $5.6 billion, as the
soda maker amps up its sports drink portfolio to take on market
leader, PepsiCo Inc's  PEP.O  Gatorade.  urn:newsml:reuters.com:*:nL4N2RS30L
    
    ** Acacia Research Corp  ACTG.O , which buys businesses in
sectors such as technology and healthcare, has made an offer to
acquire Comtech Telecommunications Corp  CMTL.O , a provider of
wireless communication systems for police and other emergency
services, for $790 million in cash, people familiar with the
offer said.  urn:newsml:reuters.com:*:nL1N2RR0KF
    
    ** China's Chifeng Jilong Gold Mining  600988.SS , also
known as Chifeng Gold, said it and an unnamed co-buyer had
agreed to purchase all of Ghana-focused miner Golden Star
Resources  GSC.TO  for a total $470 million in cash.
 urn:newsml:reuters.com:*:nL4N2RS33U
    
    ** Dubai property tycoon Hussain Sajwani's investment
vehicle said  he and "associated group members" now own 91.65%
of DAMAC Properties  DAMAC.DU  in a buyout of minority
shareholders expected to be completed by the end of March.
 urn:newsml:reuters.com:*:nL8N2RS3GP   
    
    ** Dubai's Empower has signed an agreement to acquire the
state-owned district cooling systems business that serves Dubai
International Airport for 1.1 billion dirhams ($299.52 million),
the company said in a statement. urn:newsml:reuters.com:*:nL1N2RS0ST
    
    ** Brazilian fast food chain operator BK Brasil Operacao e
Assessoria a Restaurantes  BKBR3.SA  cancelled its agreement
with private equity firm Vinci Partners to acquire Domino's
Pizza Brasil, it said on Sunday, citing adverse market
conditions.  urn:newsml:reuters.com:*:nL1N2RS0NK
    
    ** Russian aluminium producer Rusal  0486.HK  is expected to
complete the demerger of its higher-carbon assets into a
separate company in the second half of 2022, its largest
shareholder, En+ Group  ENPG.MM  said.  urn:newsml:reuters.com:*:nL1N2RS0JT

    ** British commercial landlord Land Securities  LAND.L  said
it would buy U and I Group (U+I)  UAI.L  for 190 million pounds
($260 million), in an effort to expand its portfolio of
mixed-use developments.  urn:newsml:reuters.com:*:nL4N2RS1T3
    
    ** German Lufthansa's  LHAG.DE  holiday unit Eurowings has
entered a partnership with Czech rival Smartwings to sell
flights together in a bid to expand its market share in central
Europe, the companies said.  urn:newsml:reuters.com:*:nS8N2R103D

 (Compiled by Rajarshi Roy and Sahil Shaw in Bengaluru)
 ((Sahil.shaw@thomsonreuters.com))