Deals of the day-Mergers and acquisitions

Aramark

26/09/2024 20:45

(Adds Citigroup, TPG, Aeffe, Chevron, Anglo American, China
Evergrande; Updates Visa)
       Sept 26 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 1930 GMT on
Thursday:
    
    **  Citigroup  C.N  and Apollo Global  APO.N  have partnered
for a $25 billion private credit and direct lending program,
illustrating a growing alliance between banks and non-banks
looking for a slice of the lucrative $2 trillion market.
 urn:newsml:reuters.com:*:nL4N3L817H
    
    ** TPG  TPG.O  has agreed to buy a minority stake in Homrich
Berg, in a deal that values the wealth management firm at around
$1 billion, people familiar with the matter said.  urn:newsml:reuters.com:*:nL1N3L70S9
    
    ** Italian fashion group Aeffe  AEF.MI  has agreed to
transfer the ownership of its 'Moschino' brand in relation to a
range of products such as cosmetics and perfumes to Euroitalia
for 98 million euros ($110 million), it said.  urn:newsml:reuters.com:*:nL8N3L81XQ 
    
    ** U.S. antitrust regulators will bar Hess CEO John Hess
from taking a board seat as a condition of its go-ahead of oil
producer Chevron's  CVX.N  $53 billion purchase of Hess  HES.N ,
people close to the matter said.  urn:newsml:reuters.com:*:nL4N3L81KG
    
    ** Anglo American  AAL.L  expects to receive binding offers
for its steelmaking coal assets by mid-November as it advances a
plan to restructure the business after battling a takeover offer
from rival BHP Group  BHP.AX , CEO Duncan Wanblad said.
 urn:newsml:reuters.com:*:nL1N3L80MX
        
  
    ** Liquidators of the electric vehicle arm of debt-laden
China Evergrande  3333.HK  are still in talks with a potential
buyer to take a stake in the company with a view to provide a
new credit line to support production.  urn:newsml:reuters.com:*:nL4N3L81H4
    
        ** Visa  V.N  agreed to buy AI-driven payments
protection firm Featurespace, marking the payments giant's
latest effort to strengthen its financial crime and fraud
detection product portfolio.  urn:newsml:reuters.com:*:nL4N3L818O
    
    ** Privately held oil and gas producer Validus Energy has
struck a deal to buy rival Citizen Energy for more than $2
billion, including debt, according to people familiar with the
matter.  urn:newsml:reuters.com:*:nL8N3L21NS
    
    ** South Korea's LG Display  034220.KS  said it had agreed
to sell its stake in its large liquid crystal display (LCD)
plant in Guangzhou, China, to TCL's  000100.SZ  LCD unit CSOT
for 10.8 billion yuan ($1.54 billion).  urn:newsml:reuters.com:*:nL1N3L80BT
    
    ** Hong Kong's New World Development  0017.HK  said it was
in talks with its controlling shareholder, Chow Tai Fook
Enterprises, to sell its entire stake in Kai Tak Sports Park to
Chow Tai Fook Enterprises.  urn:newsml:reuters.com:*:nL4N3L80T5

    ** Sodexo  EXHO.PA  is exploring a potential acquisition of
its U.S. rival Aramark  ARMK.N , Bloomberg News reported on
Wednesday, sending the shares of the French food catering firm
lower.  urn:newsml:reuters.com:*:nL4N3L71U5
    
    ** Australian fund manager Platinum Asset Management
 PTM.AX  rejected a takeover offer from hedge fund Regal
Partners  RPL.AX , saying that the proposal undervalued the
company.  urn:newsml:reuters.com:*:nL4N3L71SF
    
    ** U.S. Steel  X.N  said on Wednesday an arbitration board
had ruled in favour of Nippon Steel's  5401.T  $14.9 billion
buyout of the company, but that the United Steelworkers union
(USW) disagreed with the decision.  urn:newsml:reuters.com:*:nL4N3L719N
    
    ** Macquarie  MQG.AX  said its infrastructure fund and other
pension funds will sell a co-owned 74.25% combined stake in
Queensland Airports Ltd to a consortium comprising global
investment firm KKR  KKR.N  and Skip Essential Infrastructure
Fund.  urn:newsml:reuters.com:*:nL4N3L808I
    
    ** French food catering firm Sodexo  EXHO.PA  is exploring a
potential acquisition of its U.S. rival Aramark  ARMK.N ,
Bloomberg News reported on Wednesday, citing people familiar
with the matter.  urn:newsml:reuters.com:*:nL4N3L71TS
    
    ** Brazilian education companies Cogna  COGN3.SA  and Yduqs
 YDUQ3.SA  have been in talks about a potential merger, Valor
Economico newspaper reported on Wednesday, citing
sources. urn:newsml:reuters.com:*:nL1N3L717L

 (Compiled by Rajarshi Roy, Pooja Menon and Vallari Srivastava
in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))