Deals of the day-Mergers and acquisitions

Franchise

08/06/2022 15:58

(Adds: Spirit Airlines, NFL, MONETA Money Bank, Embracer, Rai
Way, Credit Suisse ; Updates: Centum Investment, Didi)
    June 8 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1450 GMT on Wednesday:
    
    ** Shares in Credit Suisse  CSGN.S  turned sharply higher in
afternoon trade on Wednesday with traders citing an Inside
Paradeplatz report saying that U.S-based State Street  STT.N  is
planning a takeover bid for the troubled Swiss lender.
     urn:newsml:reuters.com:*:nL8N2XV484
    
    ** Italian state broadcaster RAI has picked investment bank
Lazard  LAZ.N  to assess merger and acquisition options for its
towers unit Rai Way  RWAY.MI , two sources close to the matter
said.
     urn:newsml:reuters.com:*:nL1N2XV17I
    
    ** China's Didi  DIDI.N  is in talks with state-backed
Sinomach Automobile  600335.SS  to buy a third of its
electric-vehicle unit, two sources said, signaling the
ride-hailer's regulatory troubles are in the rear view mirror as
it focuses on growth.
     urn:newsml:reuters.com:*:nL1N2XV14H
    
    ** Saudi Arabia's sovereign wealth fund is taking an 8.1%
stake in gaming group Embracer  EMBRACb.ST  via a direct share
issue as part of a push into the games and esports industry.
     urn:newsml:reuters.com:*:nL1N2XV150
    
    ** Spirit Airlines Inc  SAVE.N  said it had postponed a
shareholder vote on its sale to Frontier Group Holdings Inc
 ULCC.O  to June 30 from June 10 after JetBlue Airways Corp
 JBLU.O  sweetened a rival offer for the budget carrier.
     urn:newsml:reuters.com:*:nL4N2XV29V
    
    ** Shares in Kenya's Centum Investment Co Plc  CTUM.NR  rose
 after the firm said it had agreed to sell its 83.4% stake in
Kenya's Sidian Bank for 4.3 billion shillings ($37 million).
     urn:newsml:reuters.com:*:nL8N2XV2KV
    
    ** The Denver Broncos and the Walton-Penner family have
entered into a purchase and sale agreement for the takeover of
the National Football League (NFL) team, both parties announced.
     urn:newsml:reuters.com:*:nL1N2XV0RM
    
    ** One of MONETA Money Bank's  MONET.PR  largest
shareholders is "seriously" considering lifting his stake in the
Czech lender but does not rule out any options of what to do
with his shareholding after investment group PPF walked away
from a potential merger, he told news website Seznam Zpravy.
     urn:newsml:reuters.com:*:nL8N2XV27J
    
    ** German automotive supplier SAF Holland  SFQN.DE  said it
was offering 3.2 billion Swedish crowns ($325 million) in cash
for all the shares it does not own in Stockholm-listed Haldex
 HLDX.ST , sending shares in the brakes maker surging more than
40%.
     urn:newsml:reuters.com:*:nL8N2XV12I
    
    ** The share swap parity in PKN Orlen's  PKN.WA  merger with
Lotos  LTSP.WA  won't change, PKN's chief executive said.
     urn:newsml:reuters.com:*:nS8N2XT06C
    
    ** The European Commission should approve PKN Orlen's
 PKN.WA  merger with Grupa Lotos  LTSP.WA  in days, Orlen's
chief executive said.
     urn:newsml:reuters.com:*:nS8N2XT06B
    
    ** Australia's Atlas Arteria  ALX.AX  surged 15% after fund
manager IFM Global Infrastructure Fund acquired a 15% stake in
the issued securities of the tollroad operator and hinted at a
potential takeover attempt.
     urn:newsml:reuters.com:*:nL4N2XU3JR
    
    ** Brazilian lender Itau Unibanco Holding SA  ITUB4.SA  on
Tuesday sold some of its roughly 11% stake in New York-listed
broker XP Inc  XP.O  for about $154 million, Brazil Journal
reported without stating where it obtained the information.
     urn:newsml:reuters.com:*:nL1N2XV00F

    ** Elon Musk's efforts to arrange new financing that will
limit his cash contribution to his $44 billion acquisition of
Twitter Inc  TWTR.N  have been put on hold because of the
uncertainty surrounding the deal, people familiar with the
matter said.
     urn:newsml:reuters.com:*:nL8N2XU0BB
    
    ** German state-owned bank KfW is considering taking a stake
in TransnetBW, the high-voltage power transmission network that
EnBW  EBKG.DE  is looking to open up to a long-term investment
partner, three people familiar with the matter said.
     urn:newsml:reuters.com:*:nL8N2XU1BI
    
    ** French retailer Casino  CASP.PA  has received three
preliminary offers for its renewable-energy business
GreenYellow, with bids around 1.5 billion euros ($1.60 billion)
each, two sources with knowledge of the matter said on Tuesday.
     urn:newsml:reuters.com:*:nL8N2XU43R
    
    ** Investors who speculate on whether mergers and
acquisitions will be completed as agreed are betting against the
shares of some companies that have inked leveraged buyouts in
the wake of private equity firm Thoma Bravo renegotiating a
deal.
     urn:newsml:reuters.com:*:nL1N2XT2G0
    
    ** Kohl's Corp  KSS.N  has entered into exclusive
negotiations with retail store operator Franchise Group Inc
 FRG.O  over a potential sale of the department store chain,
valuing it at nearly $8 billion, the companies said late on
Monday.
     urn:newsml:reuters.com:*:nL4N2XT38M
    
    ** Italian utility A2A  A2.MI  completed the acquisition of
wind and solar portfolios from investment fund Ardian in a deal
worth 452 million euros ($483 million), the company said in a
statement on Tuesday.
     urn:newsml:reuters.com:*:nL8N2XU3WL

 (Compiled by Rajarshi Roy and Ruhi Soni in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))