Deals of the day-Mergers and acquisitions
27/06/2023 21:19
(Adds Purell)
June 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Tuesday:
** The end of the COVID-19 pandemic has weighed not just on
demand for Purell but also on efforts to sell the maker of the
hand sanitizer Gojo Industries Inc. urn:newsml:reuters.com:*:nL1N38J1NT
** Circor International CIR.N said it has accepted
investment firm KKR's KKR.N revised buyout offer of $1.7
billion, including debt, sending the industrial machinery
maker's shares up 6% in premarket trading. urn:newsml:reuters.com:*:nL4N38J2DS
** Annuities provider American Equity Investment Life
Holding AEL.N said it has received a takeover offer from its
biggest shareholder, valuing the long-sought merger candidate at
nearly $4.3 billion. urn:newsml:reuters.com:*:nL4N38J2CN
** The merger between Housing Development Finance
Corporation (HDFC) HDFC.NS and HDFC Bank HDBK.NS will be
effective on July 1, CNBC-TV18 reported, citing HDFC Chairman
Deepak Parekh. urn:newsml:reuters.com:*:nL4N38J22H
** Private equity firm Creador said it bought a 40% stake in
Malaysia's Pet World International, months after Reuters
reported the pet foods manufacturer was planning an initial
public offering (IPO) in Singapore to raise up to $100 million.
urn:newsml:reuters.com:*:nL4N38J1ZG
** Orange ORAN.PA and MasMovil's planned merger of their
Spanish operations may reduce competition and push up prices, EU
antitrust regulators warned, indicating the telecoms operators
may need to offer significant remedies to get the deal approved.
urn:newsml:reuters.com:*:nL8N38J1JK
** TDR Capital is weighing options for its health and
fitness club chain David Lloyd Leisure, two people familiar with
the matter said, in a deal that could fetch as much as 2 billion
pounds ($2.6 billion). urn:newsml:reuters.com:*:nL8N38J1QO
** New World Development (NWD) 0017.HK is set to bag as
much as HK$21.78 billion ($2.78 billion) from the sale of a
construction subsidiary to its major shareholder, in a buyout
deal that would help it cut debt and pay a special dividend.
urn:newsml:reuters.com:*:nL4N38J01G
** Thomson Reuters TRI.TO said on Monday it had agreed to
acquire Casetext, a legal startup with an artificial
intelligence-powered assistant for law professionals, in a $650
million all-cash deal. urn:newsml:reuters.com:*:nL4N38J09U
** State-backed Japan Investment Corp (JIC) sees potential
for more mergers and acquisitions in high-end corners of the
chipmaking industry following its planned $6.4 billion buyout of
materials maker JSR 4185.T , the head of its private equity arm
said. urn:newsml:reuters.com:*:nL1N38J051
** Australia's Sonic Healthcare Ltd SHL.AX said it would
buy SYNLAB Group's SYAB.DE Swiss laboratory network for 150
million Swiss francs ($167.52 million) to expand its presence in
the country. urn:newsml:reuters.com:*:nL4N38I44S
** Shares of SL Green Realty Corp SLG.N surged on Monday
after the real estate investment trust (REIT) said it had sold a
nearly 50% stake in one of its New York City office buildings at
a $2 billion valuation. urn:newsml:reuters.com:*:nL1N38I28E
** U.S. investment giant Blackstone Inc BX.N is fielding
offers for half of its interest in the real estate of the
Bellagio hotel in Las Vegas, Bloomberg News reported on Monday.
urn:newsml:reuters.com:*:nL4N38I42I
** Group Black is in talks to buy a majority stake in Arena
Group Holdings Inc AREN.A , the publisher of Sports Illustrated
magazine, the Wall Street Journal reported on Monday, citing
people familiar with the matter. urn:newsml:reuters.com:*:nL4N38I3XW
** Argentine oil firm Pampa Energia PAMP.BA said on Monday
it has bought a 45% stake in the Rincon de Aranda block from
TotalEnergies' TTEF.PA local arm as it expands its influence
in the South American country's key Vaca Muerta formation.
urn:newsml:reuters.com:*:nL6N38I0EP
(Compiled by Rajarshi Roy, Anne Florentyna Gnanaraja Sekar and
Jaiveer Shekhawat in Bengaluru)
((jaiveersingh.shekhawat@thomsonreuters.com;))