Deals of the day-Mergers and acquisitions

Arko.

27/03/2023 14:55

(Adds Salzgitter, WPP, UBS, InVivo; Updates First Citizens
BancShares)
       March 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1600 ET on Monday:
    
    ** Salzgitter  SZGG.DE  is not in discussions with
Thyssenkrupp  TKAG.DE  about a steel merger, its chief executive
said, responding to what sources have said are renewed efforts
by the German conglomerate to sell its steel division.
 urn:newsml:reuters.com:*:nL8N35Z2XF
        
  
    ** British advertising group WPP  WPP.L  said on Monday it
has acquired Obviously, a New York-based social influencer
marketing agency, for an undisclosed sum.  urn:newsml:reuters.com:*:nL4N35Z34J
        
  
        ** UBS's  UBSG.S  CEO Ralph Hamers on Monday said the
Swiss bank sees its government-orchestrated takeover of Credit
Suisse  CSGN.S  as a growth opportunity, in an internal memo
seen by Reuters.  urn:newsml:reuters.com:*:nS8N33K00R
  
        
  
    ** French agrifood group InVivo, which has said it aimed to
become the world's largest producer of beer ingredient malt, has
placed a bid for United Malt  UMG.AX  through its branch
Malteries Soufflet, the Australian Financial Review reported on
Monday.  urn:newsml:reuters.com:*:nL1N35Z1PD
    
    ** Blackbaud Inc  BLKB.O  rejected a buyout offer from its
largest shareholder Clearlake Capital that valued the software
firm at $3.78 billion.  urn:newsml:reuters.com:*:nL4N35Z2H1
    
   ** Brazilian state-run oil firm Petrobras  PETR4.SA  said
there have been no changes in plans regarding its stake in
Braskem  BRKM5.SA , after being questioned by the petrochemical
company about statements given by its CEO to the press last
week.  urn:newsml:reuters.com:*:nL1N35Z0VB
    
   ** Arko Corp  ARKO.O  said it had made a superior buyout
offer for TravelCenters of America Inc  TA.O  than BP Plc
 BP.L , but indicated the truck stop operator did not view its
proposal favorably.  urn:newsml:reuters.com:*:nL4N35Z2EA
    
    ** Swedish furniture giant IKEA said it had sold its factory
in the Russian city of Novgorod to local firm Invest Plus, more
than a year after pausing its activities in Russia over the
conflict in Ukraine.  urn:newsml:reuters.com:*:nL1N35Z0JG
    
    ** Energy Transfer Lp  ET.N  said it would acquire pipeline
operator Lotus Midstream in a $1.45 billion cash-and-stock deal
to boost its pipeline portfolio in the U.S. Permian basin.
 urn:newsml:reuters.com:*:nL4N35Z2JK
    
    ** Australia's Origin Energy Ltd  ORG.AX  agreed a A$15.35
billion ($10.21 billion) takeover offer from a consortium led by
Canada's Brookfield  BAM.TO , nearing the conclusion of one of
the biggest private equity-backed buyouts in the country
announced last year.  urn:newsml:reuters.com:*:nL4N35Z1XY

    ** CVS Health Corp  CVS.N  said it expects to complete its
acquisition of healthcare services company Signify Health
 SGFY.N  this week, subject to certain conditions, potentially
ending months of antitrust scrutiny on the $8 billion
deal. urn:newsml:reuters.com:*:nL4N35Z2B8
    
    ** Chinese property developer Shimao Group  0813.HK  is
seeking to sell its hotel in Hong Kong close to the
international airport, sales agent JLL said, in a move that
could help the company repay debt.  urn:newsml:reuters.com:*:nL1N35Z09U
    
    ** Private equity firm CVC Capital Partners has proposed a
takeover of parts of British cinema operator Cineworld Group Plc
 CINE.L , within days of a similar offer from activist investor
Elliott Management, Sky News reported.  urn:newsml:reuters.com:*:nL4N35Z20G
    
    ** Chinese private refiner Zhejiang Petrochemical has agreed
to sell 1 billion shares in its trading arm, Rongsheng
Petrochemical  002493.SZ , to Saudi Arabian Oil Company's Unit,
Rongsheng said.  urn:newsml:reuters.com:*:nL4N35Z1VL

    ** U.S. regulators said on Monday they would backstop a deal
for regional lender First Citizens BancShares  FCNCA.O  to
acquire failed Silicon Valley Bank, triggering an estimated $20
billion hit to a government-run insurance fund.  urn:newsml:reuters.com:*:nL1N35Y0IP

    ** Vietnam Prosperity Joint Stock Commercial Bank  VPB.HM 
said it has sold a 15% stake for $1.5 billion to Sumitomo Mitsui
Financial Group Inc  8316.T , expanding the Japanese bank's
presence in one of Asia's fastest-growing economies.
 urn:newsml:reuters.com:*:nL4N35Z0SQ

    ** Funeral services provider InvoCare Ltd  IVC.AX  said it
has rejected a A$1.81 billion ($1.20 billion) offer from TPG
Global, but noted it would be willing to provide the U.S.
private equity firm with due diligence access if approached with
a revised offer.  urn:newsml:reuters.com:*:nL1N35Y0HN
    
    ** Standard Chartered  STAN.L  plans to sell its Jordanian
business to Arab Jordan Investment Bank (AJIB)  AJIB.AM , the
two parties said on Sunday, as the emerging markets-focused
lender presses ahead with plans to exit seven markets in Africa
and the Middle East.  urn:newsml:reuters.com:*:nL1N35Y06N

 (Compiled by Rajarshi Roy, Mariam E Sunny and Priyamvada C in
Bengaluru)
 ((Mariam.ESunny@thomsonreuters.com))