Deals of the day-Mergers and acquisitions

Altair Engineering

01/11/2024 13:37

(Adds: GXO Logistics, B. Riley Financial   Updates:)
       Nov 1 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:

        ** Britain's competition watchdog said the acquisition
of Wincanton by U.S.-based warehousing firm GXO Logistics
 GXO.N , for 762 million pounds ($983.97 million), could reduce
competition and raise prices for customers.
  
         urn:newsml:reuters.com:*:nL4N3M81BJ
  
        
  
        ** Investment bank B. Riley Financial  RILY.O  said it
had agreed to sell a portion of its traditional wealth
management business to Stifel  SF.N  in a deal expected to fetch
between $27 million and $35 million in cash.
  
         urn:newsml:reuters.com:*:nL4N3M8196
  
    
    ** Bain Capital is planning to launch a tender offer for
Japanese software firm Fuji Soft  9749.T  in early November
rather than late October as originally planned but still awaits
company approval, the private equity firm said.
     urn:newsml:reuters.com:*:nL4N3M812A
     
    ** ExxonMobil's  XOM.N  Esso division has completed the sale
of the Fos-sur-Mer refinery - one of France's major refineries -
and two other oil terminals to Trafigura consortium firm Rhone
Energies, the companies said.
     urn:newsml:reuters.com:*:nL8N3M80ZF
    
    ** Siemens  SIEGn.DE  has the financial muscle for further
software acquisitions after its $10.6 billion purchase of U.S.
industrial software company Altair  ALTR.O , managing board
member Cedrik Neike said.
     urn:newsml:reuters.com:*:nL8N3M80YG
    
    ** Singapore-based Olam Group  OLAG.SI  said that Saudi
Agricultural and Livestock Investment (SALIC) had made an offer
to buy its remaining stake in Olam Agri  IPO-OLAA.SI .
     urn:newsml:reuters.com:*:nL4N3M80QJ

 (Compiled by Prakhar Srivastava and Rajarshi Roy in Bengaluru)
 ((prakhar.srivastava2@thomsonreuters.com;))