Deals of the day-Mergers and acquisitions

Altair Engineering

01/11/2024 20:57

(Adds Shore Capital Partners, Verizon, Atos, Aermont Capital
and DFDS)
       Nov 1 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2030 GMT on Friday:
    
    ** Private equity firm Shore Capital Partners is in talks to
partner with Silver Lake Management to combine two veterinary
groups through an $8.6 billion deal, Bloomberg News reported,
citing people familiar with the matter.  urn:newsml:reuters.com:*:nL4N3M827P
    
    ** Prominent proxy advisory firm Institutional Shareholder
Services recommended Frontier Communications  FYBR.O 
shareholders abstain from voting on Verizon's  VZ.N  $20 billion
takeover bid and instead support the adjournment proposal.
 urn:newsml:reuters.com:*:nL4N3M8233
        
  
    ** France is continuing to examine with Atos  ATOS.PA  the
possible takeover of Atos assets deemed as strategically
important for the country, said French finance minister Antoine
Armand.  urn:newsml:reuters.com:*:nFWN3M80J0
        
  
    ** European asset manager Aermont Capital has submitted the
highest binding offer for Spanish data centre operator Nabiax,
two people familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL8N3M81C7
        
  
    ** Danish shipping and logistics firm DFDS  DFDS.CO  said it
had terminated a share purchase agreement with Ekol Logistics
and that a deal struck in April to buy the Turkish group's
international transport network would no longer take place.
 urn:newsml:reuters.com:*:nL8N3M81KK

        ** 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, Rajarshi Roy and Aatreyee
Dasgupta in Bengaluru)
 ((prakhar.srivastava2@thomsonreuters.com;))