Deals of the day-Mergers and acquisitions

Benefit One

08/02/2024 15:53

(Adds: A.P. Moller-Maersk  Updates: Mondi, Hollysys Automation
Technologies Ltd)
       Feb 8 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Thursday:

        ** Britain's Mondi  MNDI.L  said it is in the early
stages of considering a possible all-share bid for its smaller
rival DS Smith  SMDS.L , a move which could create a packaging
giant worth more than 10 billion pounds ($12.6 billion).
  
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        ** Hollysys Automation Technologies Ltd.  HOLI.F  said
its shareholders voted in favor of a merger with private equity
firm Ascendent Capital Partners.
  
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        ** A.P. Moller-Maersk  MAERSKb.CO  will consider whether
to buy Germany's DB Schenker, the logistics arm of Deutsche Bahn
which was put for sale last year, its CEO said.
  
         urn:newsml:reuters.com:*:nS8N3EM01R
  
    
    ** Japanese life insurer Dai-ichi Life Holdings has reached
agreement with the parent company of Benefit One  2412.T  on its
bid to acquire the healthcare platform, the companies said,
taking a major step in a high-profile takeover battle.
     urn:newsml:reuters.com:*:nL4N3ET1P7
    
    ** Czech oil pipeline operator MERO is in the final stages
of talks to buy Shell Deutschland's 32.5% stake in the
Mineraloelraffinerie Oberrhein refinery (MiRO) in Karlsruhe,
daily paper Hospodarske Noviny reported without citing sources
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    ** Singapore-headquartered corporate solutions and business
advisory firm InCorp Global said  it has been acquired by global
alternative investment firm Hillhouse Investment.
     urn:newsml:reuters.com:*:nL1N3ET06T
    
    ** Britain's antitrust regulator provisionally cleared
Turkish domestic appliances maker Arcelik's  ARCLK.IS  proposed
purchase of Whirlpool's  WHR.N  appliances business in Europe .
     urn:newsml:reuters.com:*:nL4N3ET1IH
    
    ** U.S. data security software firm Cohesity told Reuters on
Wednesday it has agreed to acquire Veritas' data protection
business in a deal that values the combined entity at $7
billion.
     urn:newsml:reuters.com:*:nL1N3ET09H
    
    ** Singapore-headquartered corporate solutions and business
advisory firm InCorp Global said  it has been acquired by global
alternative investment firm Hillhouse Investment.
     urn:newsml:reuters.com:*:nL1N3ET05F

 (Compiled by Rajarshi Roy in Bengaluru)
 ((pratyush.thakur@thomsonreuters.com;))