Deals of the day-Mergers and acquisitions

Austal

25/09/2024 20:51

(Adds Stellantis, L Catterton, Immofinanz, Lightspeed Commerce,
U.S. Steel and Prio)
       Sept 25 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 1940 GMT on
Wednesday:
    
    ** Franco-Italian automaker Stellantis  STLAM.MI  and French
nuclear fuels firm Orano have dropped their planned joint
venture to recycle electric car batteries, both companies said.
 urn:newsml:reuters.com:*:nL4N3L71GP
        
  
    ** L Catterton, the private equity firm backed by luxury
goods giant LVMH  LVMH.PA , clinched a deal to acquire a
majority stake in pilates studio operator Solidcore from its
current owners.  urn:newsml:reuters.com:*:nL1N3L70KQ
    
    ** Austria-based real estate company Immofinanz  IMFI.VI 
said it has increased its stake in S Immo  SIAG.VI  to 89% to
become the sole shareholder for 608.5 million euros ($677.63
million).  urn:newsml:reuters.com:*:nL4N3L71GE
    
    ** Lightspeed Commerce  LSPD.TO , a Canadian payments
software maker with a market value of C$2.8 billion ($2.08
billion), is working with a financial advisor to exploring
options including a potential sale, according to people familiar
with the matter.  urn:newsml:reuters.com:*:nL1N3L70XP
    
    ** U.S. Steel  X.N  said the board of arbitration has ruled
in favor of Nippon Steel's  5401.T  $14.9 billion buyout of the
company, but the United Steelworkers union disagreed with the
decision.  urn:newsml:reuters.com:*:nL4N3L719N
    
    ** Brazilian oil company Prio  PRIO3.SA  is in talks with
China's oil and chemicals firm Sinochem  SASADA.UL  for the
potential purchase of a stake in the Peregrino oil field, it
said in a securities filing.  urn:newsml:reuters.com:*:nL1N3L70KX

        ** British real estate portal Rightmove  RMV.L  rejected
a sweetened $8.1 billion takeover proposal from Rupert
Murdoch-owned Australian property listing firm REA Group
 REA.AX , saying the increased bid was still "unattractive".
 urn:newsml:reuters.com:*:nL4N3L70H3
    
    ** The German government has ruled out increasing its stake
in Commerzbank  CBKG.DE  again in the takeover dispute with
Italy's Unicredit  CRDI.MI  during a meeting of the
parliamentary finance committee, lawmaker Michael Schrodi said.
 urn:newsml:reuters.com:*:nS8N3JU05P

    ** South Korea's Hanwha Ocean said in a regulatory filing it
 042660.KS  has halted talks to acquire Australian shipbuilder
Austal  ASB.AX .  urn:newsml:reuters.com:*:nL1N3L707R

    ** British homeware retailer Dunelm's  DNLM.L  top
shareholder, Will Adderley, and his private investment firm have
sold a 4.9% stake in the company for 114 million pounds ($152.92
million) to institutional investors, bookrunner Barclays said on
Tuesday.  urn:newsml:reuters.com:*:nL4N3L60M8
    
    ** KKR & Co  KKR.N  and Singapore sovereign wealth fund GIC
have appointed Bank of America  BAC.N , Jefferies  JEF.N , and
UBS  UBSG.S  to sell their majority stake in the Philippines'
Metro Pacific Health in a deal that could value the company at
$3.2 billion, three people with knowledge of the matter said.
 urn:newsml:reuters.com:*:nL1N3L7040
    
    ** Country Garden Services  6098.HK , the property services
arm of Chinese property developer Country Garden  2007.HK , said
it agreed to sell its 1.49% stake in Zhuhai Wanda Commercial
Management for 3.14 billion yuan ($446.54 million).  urn:newsml:reuters.com:*:nL4N3L6210

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