Deals of the day-Mergers and acquisitions

Algonquin Power & Utilities

09/08/2024 14:44

(Adds: Algonquin Power & Utilities Corp, Mahindra & Mahindra)
       Aug 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:

        ** Canada's Algonquin Power & Utilities Corp  AQN.TO 
said  that it is selling its renewable energy business,
excluding hydropower operations, to a unit of LS Power for up to
$2.5 billion.
  
         urn:newsml:reuters.com:*:nL4N3JW12W
  
        
  
        ** The investment firm that owns Les Schwab Tire Centers
is exploring options including a sale of the tire retail chain
that could value it at more than $7 billion, including debt,
people familiar with the matter said on Thursday.
  
         urn:newsml:reuters.com:*:nL6N3JV0MD
  
        
  
        ** Indian automaker Mahindra & Mahindra  MAHM.NS  and
China's Shaanxi Automobile Group have agreed to set up a $3
billion joint venture to build a car manufacturing plant in
India and are awaiting New Delhi's approval, sources told
Reuters.
  
         urn:newsml:reuters.com:*:nL1N3JW0C5
  
    
    ** Britain's largest investment platform Hargreaves Lansdown
 HRGV.L  agreed to a 5.4 billion pound ($6.9 billion) takeover
by an international consortium, which is betting on grabbing
market share in the competitive UK wealth market.
     urn:newsml:reuters.com:*:nL4N3JW0J6
    
    ** Rupert Murdoch's News Corp  NWSA.O  said it may sell
Australian cable TV and streaming unit Foxtel after receiving an
approach, a deal that would end its involvement in a
high-overhead asset that has struggled to adapt to the Netflix
 NFLX.O  era.
     urn:newsml:reuters.com:*:nL4N3JV2I8
    
    ** The investment firm that owns Les Schwab Tire Centers is
exploring options including a sale of the tire retail chain that
could value it at more than $7 billion, including debt, people
familiar with the matter said on Thursday.
     urn:newsml:reuters.com:*:nL1N3JV0TQ
 

 (Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))