Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Oct 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:
** France's BPCE has bought a 7% stake in Spanish lender Sabadell SABE.MC and plans to be a long-term shareholder, in a move analysts said could help shield Sabadell from potential hostile bids after it fended off bigger rival BBVA BBVA.MC last year.
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** Britain's Informa INF.L said it would buy events organiser Clarion for £2.24 billion ($3 billion) and separate its Taylor & Francis academic publishing arm, as CEO Stephen Carter focuses on expanding the group's fast-growing live events business.
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** London-listed venture capital investor BP Marsh & Partners said it had acquired a 30% equity stake in newly formed marine hull underwriting agency Dauntless for a nominal consideration, backed by a £2 million ($2.64 million) loan facility.
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** CVC Capital Partners CVC.AS and Belgian investment firm Groupe Bruxelles Lambert GBLB.BR raised their takeover bid for Italian drugmaker Recordati RECI.MI to €53 per share and extended the offer period.
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** Global investment firm KKR KKR.N said on Monday it had agreed to buy private capital fund administrator Gen II Fund Services in a $5.1 billion deal including debt, gaining exposure to infrastructure supporting private markets.
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** US drug distributor McKesson MCK.N and private equity firm Clayton Dubilier & Rice are nearing a deal to acquire infusion services provider Option Care Health in a transaction valued at more than $5 billion including debt, the Financial Times reported on Monday, citing people familiar with the matter.
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(Compiled by Rajarshi Roy and Padmanabhan Ananthan in Bengaluru)
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