Deals of the day-Mergers and acquisitions

Cosmo Energy Holdings Co

24/10/2023 11:14

(Adds Cadence Insurance, Rheinmetall, Stellantis, Cosmo,
Arcelik)
       Oct 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:
    
    ** Cadence Bank  CADE.N  will sell its insurance brokerage
unit to Arthur J Gallagher  AJG.N  for $904 million to narrow
its focus and redeploy capital to its core banking business, the
lender said.  urn:newsml:reuters.com:*:nL4N3BU3ED
    
        ** Ukraine has set up a joint defence venture with
German arms manufacturer Rheinmetall  to service and
repair Western weapons sent to help Kyiv against Russia's
full-scale invasion, officials said.  urn:newsml:reuters.com:*:nL1N3BU0XP
  
        
  
        ** Franco-Italian automaker Stellantis  STLAM.MI  said
on Tuesday it planned a joint venture with French nuclear fuels
firm Orano to recycle used electric vehicle batteries and scrap
from gigafactories.  urn:newsml:reuters.com:*:nL8N3BU514
  
        
  
        ** Cosmo Energy Holdings  5021.T  said it would call
another shareholder vote in December to seek approval for a
"poison pill" takeover defence against a group of activist
investors, escalating the high-profile battle.  urn:newsml:reuters.com:*:nL1N3BU0PF
  
        
  
        ** EU antitrust regulators have cleared Turkish domestic
appliances maker Arcelik's  ARCLK.IS  proposed purchase of
Whirlpool's  WHR.N  European domestic appliances business, an
European Commission filing showed.  urn:newsml:reuters.com:*:nL8N3BU4ND
  
    
    ** Abu Dhabi's Masdar is set to buy a 49% stake in Spanish
utility Iberdrola's  IBE.MC  largest offshore wind project off
Britain's eastern coast, known as East Anglia 3, Spanish
newspaper Cinco Dias reported, citing unidentified market
sources.  urn:newsml:reuters.com:*:nL1N3BU0T0
    
    ** Finnish elevator maker Kone  KNEBV.HE  said it had
completed the sale of its Russian operations to S8 Capital, a
Russian holding company that has acquired assets from several
departing Western firms.  urn:newsml:reuters.com:*:nL1N3BU0L1
    
    ** Hong Kong-based private equity firm Templewater is
acquiring Luye Medical Group's  IPO-LUEY.SI  oncology and
cardiology businesses in Singapore, the company said.
 urn:newsml:reuters.com:*:nL1N3BU0HO
    
    ** Hermes  HRMS.PA  could invest in Italian fashion and shoe
subcontractors that it already works with, further integrating
its supply chains, the company's finance chief said.
 urn:newsml:reuters.com:*:nL1N3BU0TN
    
    ** Russia's Rusal  0486.HK , the world's largest aluminium
producer outside China, said it agreed to buy 30% of the equity
interest in Chinese alumina producer Hebei Wenfeng New Materials
(HWNM) for 1.91 billion yuan ($261.6 million). urn:newsml:reuters.com:*:nL1N3BU05Y
    
    ** Campbell Soup  CPB.N  said on Monday its $2.33 billion
acquisition of Rao's owner Sovos Brands  SOVO.O  was delayed
until next year after the U.S. Federal Trade Commission (FTC)
asked for more details on the deal.  urn:newsml:reuters.com:*:nL4N3BT42W
    
    ** International Flavors & Fragrances  IFF.N  is working
with an adviser to explore a potential sale of its pharma
solutions business, Bloomberg News reported on Monday, citing
people familiar with the matter.  urn:newsml:reuters.com:*:nL4N3BT3ZW

 (Compiled by Arasu Kannagi Basil)
 ((ArasuKannagi.Basil@thomsonreuters.com;))