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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday:


** Spanish transport company Autobuses de Leon made an offer to buy Mobico Group MCG.L in a deal that would value the British bus, coach and rail services company at about £308 million ($412 million) on a fully diluted basis. nL6N46G0DW


** Tesco, Britain's largest supermarket chain TSCO.L, said it will sell its businesses in the Czech Republic and Slovakia to Dutch retailer Ahold Delhaize AD.AS for an enterprise value of €1.7 billion ($1.90 billion), marking the latest step in its long retreat from overseas markets. nL6N46G0E3


** Asia-focused investment firm PAG will acquire a 51% stake in Evergrande Property Services Group 6666.HK, a unit of debt-laden developer China Evergrande Group, for HK$4.03 billion ($514 million), the two said in a joint announcement. nL3N46F2ZK


** Czech billionaire Michal Strnad has offered €30 billion to acquire Delfin, the investment vehicle of Italy's Del Vecchio family and the key shareholder in eyewear giant EssilorLuxottica ESLX.PA, two people close to the matter told Reuters. nL2N46F1EV


** Business software maker Salesforce CRM.N said on Thursday it would buy defense technology company Rune Technologies to expand its Missionforce business, which serves the US military and government agencies. nL3N46F16A


** Perrigo PRGO.N said on Thursday that it will sell its infant formula business to privately held contract manufacturing firm MeridianMade for up to $175 million, as the consumer health products company sharpens its focus on over-the-counter medicines and self-care products. nL3N46F28Q


** The Canadian government is taking an equity stake in Cohere, joining a funding round led by Germany's Schwarz Group targeting C$7 billion ($4.49 billion) for the Toronto-based AI lab, Cohere said on Thursday. nL3N46F28B


** Residential security firm ADT ADT.N has agreed to be taken private for $7.6 billion by Thrive Holdings, a permanent capital vehicle created by Josh Kushner's Thrive Capital to buy businesses in critical industries and improve their prospects with technology, including AI. nL3N46F1UA


** DoorDash DASH.O said on Thursday it would buy Instacart CART.O in a deal valued at about $17 billion, stepping up its push into the fast-growing US grocery delivery market as competition intensifies among app-based platforms. nL3N46F1F5


** Banca Monte dei Paschi's BMPS.MI shareholders on Thursday rejected, with 90.9% of votes, CEO Luigi Lovaglio's proposal for an exchange offer to buy wealth manager Banca Generali BGN.MI. nS8N45H06A


(Compiled by Rajarshi Roy and Shania S Thomas in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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