Deals of the day-Mergers and acquisitions

Algonquin Power & Utilities

10/08/2023 11:02

(Adds: Algonquin Power & Utilities, IHH Healthcare, Sony Group,
Adani Enterprise; Updates: Tapestry)
       Aug 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Thursday:

        ** Canada's Algonquin Power & Utilities  AQN.TO  said it
was considering a sale of its renewable energy business to
reduce debt and announced the resignation of CEO Arun Banskota.
 urn:newsml:reuters.com:*:nL4N39R2SF
  
            
  
        ** Malaysia's IHH Healthcare  IHHH.KL  said its unit
Pantai Holdings will acquire hospital operator Bedrock
Healthcare in an all-cash deal valued at 245 million ringgit
($53.61 million).      urn:newsml:reuters.com:*:nL4N39R35A
  
        
  
        ** Coach parent Tapestry  TPR.N  will buy Michael Kors
owner Capri Holdings  CPRI.N  in a deal valued at $8.5 billion,
creating a top U.S. fashion house that can better compete with
larger European rivals in the global luxury market.  urn:newsml:reuters.com:*:nL4N39R1SH
  
            
  
        ** India paved the way for a $10-billion media and
entertainment powerhouse, giving Zee Entertainment  ZEE.NS  and
the Indian unit of Japan's Sony Group  6758.T  a key merger
approval.  urn:newsml:reuters.com:*:nL4N39R2EG
            
  
        ** India's Adani Enterprise  ADEL.NS  said there was no
major event that requires a regulatory disclosure, a day after
Bloomberg News reported the flagship company of the Adani group
was exploring selling its 44% stake in unit Adani Wilmar
 ADAW.NS .  urn:newsml:reuters.com:*:nL4N39R2R3
  
            
  
        ** British North Sea oil and gas producer Harbour Energy
 HBR.L  said it will sell its business in Vietnam to local rival
Big Energy Joint Stock Company for $84 million.  urn:newsml:reuters.com:*:nL4N39R2LS
  
    
    ** The private equity owner of Intermedia Cloud
Communications  INTM.O  is exploring options including a sale
that could value the communications services provider at more
than $1 billion, including debt, according to people familiar
with the matter.  urn:newsml:reuters.com:*:nL1N39Q1B3

    ** Tullow Oil  TLW.L  agreed to sell its majority stake in
the not-yet-producing fields off the coast of Guyana to its
minority partner Eco Atlantic for $700,000 in cash and potential
future payments if production starts, the two firms said.
 urn:newsml:reuters.com:*:nL8N39R2TH
    
    ** Danish drug maker Novo Nordisk  NOVOb.CO  said it would
acquire Canadian company Inversago Pharma in a $1.07 billion
deal including the development of an appetite regulator.
 urn:newsml:reuters.com:*:nL8N37T3IZ
    
    ** Private equity firm Symphony Technology Group (STG) on
Wednesday agreed to buy media editing software maker Avid
Technology Inc  AVID.O  for about $1.4 billion, including debt.
 urn:newsml:reuters.com:*:nL1N39Q2P5

 (Compiled by Rajarshi Roy and Christy Santhosh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))