Deals of the day-Mergers and acquisitions

Chilled & Frozen Logistics Holdings Co

21/03/2024 10:07

March 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:

    **  U.S. fund Elliott is in exclusive talks to combine its
Italian bad loan business with doValue  DOVA.MI , a rival loan
manager whose main shareholders are Japan's Softbank Group
 9984.T  and Bain Capital Credit, doValue said .
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    ** Logistics real estate specialist Tritax Big Box  BBOXT.L 
would buy UK Commercial Property (UKCP)  UKCM.L  to create UK's
fourth largest REIT in a deal valuing its smaller rival at about
924 million pounds ($1.18 billion), the firms said .
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    ** Directors at Nationwide Building Society and takeover
target Virgin Money  VMUK.L  said they would "unanimously"
recommend the proposed 2.9 billion pound ($3.71 billion) deal to
independent Virgin Money shareholders.
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    ** Czech utility CEZ  CEZP.PR  said it would acquire a
55.21% stake in gas distributor GasNet for 846.5 million euros
($926 million) from Macquarie Asset Management.
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    ** Japan's AZ-Com Maruwa  9090.T  said it was launching a
tender offer for Chilled & Frozen Logistics  9099.T  at 3,000
yen per share.
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    ** Private equity firm Apollo Global Management  APO.N  has
offered $11 billion for Paramount Global's  PARA.O  Paramount
Pictures film studio, a person with knowledge of the offer said
on Wednesday, adding to takeover interest in the media
conglomerate.
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    ** KKR  KKR.N  said on Wednesday it would buy a majority
stake in Avantus, a U.S. developer of large utility-scale solar
and solar-plus-storage projects.
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    ** Energy firm Shell  SHEL.L  said on Wednesday it had sold
its 50% stake in SouthCoast Wind Energy, established to develop
wind projects off the coast of Massachusetts, to its joint
venture partner Ocean Winds North America for an undisclosed
sum.
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 (Compiled by Rajarshi Roy in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))