Deals of the day-Mergers and acquisitions

ECN Capital

11/08/2021 11:30

Aug 11 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1030 GMT on Wednesday:
    
    ** U.S. cybersecurity company NortonLifeLock Inc  NLOK.O 
has agreed to buy London-listed rival Avast Plc  AVST.L  for up
to $8.6 billion in cash and shares to create a leader in
consumer security software.  urn:newsml:reuters.com:*:nL1N2PH2BX
    
    ** French retailer Carrefour  CARR.PA  is planning to launch
a sale of its Taiwan business, which is valued at around 1.6
billion euros ($1.9 billion) in the coming weeks, three people
with knowledge of the matter told Reuters.  urn:newsml:reuters.com:*:nL4N2PI10R
      
    ** China Traditional Chinese Medicine Holdings  0570.HK 
said its parent Sinopharm had decided not to proceed with a
possible privatisation of the Chinese medicine maker.
 urn:newsml:reuters.com:*:nL4N2PI1LG
    
    ** Shares of debt-laden China Evergrande Group  3333.HK 
jumped after it confirmed that it is in talks to sell certain
assets, as the move could ease cashflow pressure amid market
speculation over a potential restructuring.  urn:newsml:reuters.com:*:nL4N2PI10B
    
    ** Australia's Iress Ltd  IRE.AX  said it had opened its
books to EQT after the Sweden-based private equity firm made a
revised proposal to buy the software provider for an enterprise
value of A$3.2 billion ($2.35 billion).  urn:newsml:reuters.com:*:nL4N2PH4HW
    
    ** AT&T's  T.N  WarnerMedia is in talks to sell its tabloid
TMZ to Fox Corp  FOXA.O , the Information reported, citing
people familiar with the situation.  urn:newsml:reuters.com:*:nL4N2PH40L
    
    ** Truist Financial Corp  TFC.N  said it would buy ECN
Capital Corp's  ECN.TO  service finance business for $2 billion,
aiming to expand its point-of-sale lending business.
 urn:newsml:reuters.com:*:nL4N2PH3VE
       

 (Compiled by Rajarshi Roy and Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))