Deals of the day-Mergers and acquisitions

China Mobile

18/04/2023 11:40

April 18 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:
    
    ** Britain's competition regulator said it has launched a
"Phase 1" probe into Amazon.com Inc's  AMZN.O  planned $1.7
billion acquisition of iRobot Corp  IRBT.O , which makes the
Roomba vacuum cleaner.
    
    ** GSK  GSK.L  plans to buy Canada-based drug developer
Bellus Health Inc  BLU.TO  in an all-cash deal for $2 billion as
the British drugmaker expands its bet on respiratory therapies. 
 
    
    ** British cinema chain operator Cineworld  CINE.L  said it
has abandoned the planned sale of its businesses in Eastern
Europe and Israel, saying the proposals it got did not meet the
value needed by its lenders.
    
    ** State-owned China Mobile Ltd  0941.HK  is exploring a
potential buyout of Hong Kong's leading telecoms company HKBN
Ltd  1310.HK , which is currently valued at $1 billion, four
people with knowledge of the matter said.

    ** Glencore  GLEN.L  executives have met or spoken with some
120 Teck Resources shareholders during a short visit to Toronto
to try to win support for the company's takeover bid rather than
an internal overhaul, a source familiar with the situation said.
    
    ** Algonquin Power & Utilities Corp's  AQN.TO  deal to buy
the Kentucky operations of American Electric Power  AEP.O  has
fallen through, the companies said on Monday, following multiple
delays since its announcement nearly 1-1/2 years ago.
    
    ** Madison Square Garden Entertainment Corp  MSGE.N  on
Monday agreed to sell its stake in Tao Group Hospitality to
realty-focused investment firm Mohari Hospitality in a deal that
values the high-end restaurant business at $550 million.
    

 (Compiled by Khushi Mandowara in Bengaluru)
 ((Khushi.Mandowara@thomsonreuters.com;))