Deals of the day-Mergers and acquisitions

China Cultural Tourism and Agriculture

07/03/2022 11:38

March 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1130 GMT on Monday:

    ** German diversified group Merck KGaA  MRCG.DE  is
preparing to put its pigments business up for sale to fund
investments at its drugs and electronic chemicals divisions,
daily Handelsblatt reported.  urn:newsml:reuters.com:*:nS8N2UY094
    
    ** British electrical engineering firm Spectris Plc  SXS.L 
said it had ended talks regarding a possible bid worth 1.79
billion pounds ($2.37 billion) for Oxford Instruments  OXIG.L ,
due to global economic uncertainties caused by Russia's invasion
of Ukraine.  urn:newsml:reuters.com:*:nL3N2VA20K
    
    ** South Africa's TFG  TFGJ.J  will buy the owner of
Coricraft, Volpes and Dial-a-bed chains for 2.35 billion rand
($152.78 million) as it looks to expand further into the
furniture and bedding market, the retailer said.  urn:newsml:reuters.com:*:nL5N2VA0K1
    
    ** South Africa's TFG  TFGJ.J  will buy the owner of
Coricraft, Volpes and Dial-a-bed chains for 2.35 billion rand
($152.78 million) to further expand in the furniture and bedding
market, the retailer said.  urn:newsml:reuters.com:*:nL5N2VA0GT
    
    ** Australia's AGL Energy  AGL.AX  confirmed it rejected a
sweetened A$5.4 billion ($4.0 billion) takeover proposal from
tech billionaire Mike Cannon-Brookes and Canada's Brookfield
Asset Management  BAMa.TO , saying it still undervalued
Australia's top power producer.  urn:newsml:reuters.com:*:nL2N2V90L4
    
    ** Private equity firms including Advent International and
companies including Aveanna Healthcare Holdings Inc  AVAH.O 
have expressed interest in acquiring the home health and hospice
business of Encompass Health Corp  EHC.N , people familiar with
the matter said.  urn:newsml:reuters.com:*:nL2N2V801P

 (Compiled by Rajarshi Roy and Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))