Deals of the day-Mergers and acquisitions

ForgeRock

23/12/2022 11:04

Dec 23 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1050 GMT on Friday:
    ** Sweden's Ferronordic  FNMA.ST , which sells and services
construction equipment and trucks, said it had divested its
Russian business in a deal worth 1.32 billion Swedish crowns
($126.08 million).
    ** Spanish retailer DIA  DIDA.MC  said it agreed to sell
perfume store chain Clarel to C2 Private Capital for around 60
million euros ($64 million), including 10 million of net debt.
    ** French bank Credit Agricole  CAGR.PA  struck a long-term
bancassurance partnership with Italy's Banco BPM (BBPM)
 BAMI.MI  and bought some of its assets, strengthening ties with
a lender in which it is already the top shareholder.
    ** Japan's Cosmo Energy Holdings Co Ltd  5021.T  said it has
signed a new agreement with Qatar Energy to continue its
operation in the Al-Karkara and A-Structures oil fields, which
came into effect after the expiry of the current contract this
month.
    ** Singapore's commodity trader Olam Group  OLAG.SI  said it
had completed the sale of a 35.43% stake in its unit Olam Agri
to Saudi Agricultural and Livestock Investment Co (SALIC) for
$1.24 billion.
    ** The preferred bidder for Toshiba Corp  6502.T  is
finalising 1.4 trillion yen ($10.6 billion) in financing from
Japanese lenders to fund its acquisition, according to two
sources, a deal that would see one of the country's best known
conglomerates taken private.
    ** Norwegian offshore driller Seadrill Ltd  SDRL.OL  has
entered into an agreementto buy Aquadrill LLC in an all-stock
deal that values the British firm at $958 million, the companies
said.
    ** Pacific Equity Partners has pulled the plug on a deal to
acquire Australia's ReadyTech Holdings  RDY.AX , just a day
after the private-equity firm withdrew its offer for the tech
company to work on a new one.
    ** Australia's Santos  STO.AX  said it had agreed to
extendthe exclusivity period until April next year for Kumul
Petroleum's deal to buy a 5% stake in PNG liquefied natural gas
project from Santos.
    ** ForgeRock Inc  FORG.N  said on Thursday it had received
notice from the U.S. Department of Justice demanding more
information related to private equity firm Thoma Bravo's $2.3
billion buyout deal.
    ** Cryptocurrency firm Bullish and Far Peak Acquisition Corp
 FPAC.N  said on Thursday they had called offtheir $9 billion
merger, making it the latest blank-check deal to fall through as
the industry comes under increasing regulatory scrutiny.
    ** Mersana Therapeutics Inc  MRSN.O  said on Thursday it had
signed a dealfor developing cancer drugs with Germany's Merck
KGaA  MRCG.DE  that has the potential to generate up to $800
million in milestone payments.
 (Compiled by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com))