Deals of the day-Mergers and acquisitions

Electrolux Professional AB (publ)

22/12/2023 15:15

(Adds Unilever, TFI International, Bristol Myers Squibb, MBK
Partners)
       Dec 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Friday:

        ** Consumer goods maker Unilever  ULVR.L  said it would
buy the K18 brand, featured in the haircare routines of
celebrities such as Rihanna and Hailey Bieber, to bolster its
prestige beauty business.  urn:newsml:reuters.com:*:nL4N3DH2PI
  
    
        ** Canadian Logistics firm TFI International  TFII.TO 
said it had agreed to acquire Daseke  DSKE.O , in a deal valued
at about $1.1 billion.  urn:newsml:reuters.com:*:nL4N3DH2QZ
  
    
        ** Bristol Myers Squibb  BMY.N  agreed to buy Karuna
Therapeutics  KRTX.O  for $14 billion, gaining a promising
experimental schizophrenia drug to help power growth as patents
on its older therapies expire later this decade.  urn:newsml:reuters.com:*:nL4N3DH2AU
  
        
  
        ** Norway's Equinor  EQNR.OL  said it has agreed to sell
its assets in Azerbaijan to state-owned energy firm SOCAR,
including interests in the ACG oilfield and the BTC pipeline for
an undisclosed price.  urn:newsml:reuters.com:*:nL8N3DH23T
  
        
  
        ** A tender offer by private equity firm MBK Partners to
acquire a stake in battery storage maker Hankook & Company
 000240.KS  has failed, Yonhap news agency reported, citing an
MBK official.  urn:newsml:reuters.com:*:nL4N3DH29I
  
    
    ** Italian home appliance maker De' Longhi  DLG.MI  has
agreed to buy from its parent company a stake in high-end
espresso machine manufacturer La Marzocco as it bets on coffee
to pep up growth.  urn:newsml:reuters.com:*:nL8N3DH1G1
    
    ** Warren Buffett-led Berkshire Hathaway  BRKa.N  has
acquired 5.2 million shares of Occidental Petroleum Corp
 OXY.N , bringing its stake in the oil company closer to 28%,
according to a regulatory filing on Thursday.  urn:newsml:reuters.com:*:nL4N3DH1B9
    
    ** Sweden's Electrolux Professional  EPROb.ST  said it had
agreed to buy Japan's Tosei Corporation  8923.T , a maker of
professional laundry equipment and vacuum packing machines, for
about 1.65 billion Swedish crowns ($163.3 million).  urn:newsml:reuters.com:*:nL8N3DH0RX
    
    ** Canada on Thursday approved Royal Bank of Canada's
 RY.TO  C$13.5 billion dollars ($10.2 billion) acquisition of
HSBC's  HSBA.L  domestic unit, in a deal that would further
tighten the country's top lenders' grip on the market.
 urn:newsml:reuters.com:*:nL4N3DG4C8
    
    **  Japanese insurer Sumitomo Life  SMTLI.UL  said  it will
acquire TPG Inc's  TPG.O  35.5% stake in Singapore Life Holdings
(Singlife) for S$1.6 billion ($1.21 billion) to expand its
footprint in Southeast Asia.  urn:newsml:reuters.com:*:nL4N3DH0TL
    
    ** The White House on Thursday said Nippon Steel Corp's
 5401.T  $14.9 billion proposed acquisition of U.S. Steel Corp
 X.N  deserves "serious scrutiny," given the company's core role
in U.S. steel production that is critical to national security.
 urn:newsml:reuters.com:*:nL1N3DG2Z5 

 (Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))