Deals of the day-Mergers and acquisitions

Gafisa SA

16/08/2022 10:45

(Adds Gafisa, Politan Capital Management, Tsingshan, Telkom)
    Aug 16 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1400 GMT on Tuesday:
    
    ** Brazilian homebuilder Gafisa SA  GFSA3.SA  said that
talks over its potential acquisition of rival Construtora Sao
Jose have ended unsuccessfully but noted that the parties
"remain open" to potential future partnerships.  urn:newsml:reuters.com:*:nS0N2ZG03Z
    
    ** Activist investor Politan Capital Management disclosed an
8.4% stake in medical device maker Masimo Corp  MASI.O ,
according to a regulatory filing.  urn:newsml:reuters.com:*:nL4N2ZS273
    
    ** China's stainless steel and nickel giant Tsingshan
Holding Group is considering selling some of its assets in
Indonesia to China Baowu Steel Group, the world's top steel
producer, sources said.  urn:newsml:reuters.com:*:nL4N2ZR1LZ
    
    ** South Africa's data-only network provider rain intends to
submit a formal non-binding proposal to bigger rival Telkom
 TKGJ.J  in due course, it said , after retracting a media
statement on its merger proposal sent last week.  urn:newsml:reuters.com:*:nL8N2ZS2BA

    ** Japan's biggest power generator JERA said it will spend
about 15 billion yen ($112 million) to buy a 35.1% stake in
Vietnamese renewable energy company Gia Lai Electricity JSC
(GEC)  GEG.HM  to expand its overseas business.  urn:newsml:reuters.com:*:nL4N2ZS1OE
    
    ** Sweden-based private equity fund EQT  EQTAB.ST  said it
had made a cash offer for the remaining shares in Swedish
biopharmaceuticals group Karo Pharma  KARO.ST .  urn:newsml:reuters.com:*:nL8N2ZS1V1
    
    ** The founders of Singaporean rubbish collector 800 Super
Waste Management, backed by private equity firm KKR & Co
 KKR.N , are nearing a deal to sell the business which could
value it at around $300 million, two sources with knowledge of
the matter told Reuters.  urn:newsml:reuters.com:*:nL4N2ZS0NO
    
    ** Juicy Couture and Forever 21 owner Authentic Brands (ABG)
 AUTH.N  have agreed to buy Ted Baker  TED.L  in a deal worth
roughly 211 million pounds ($254 million), ending months of
speculation over the fate of the British fashion group.
 urn:newsml:reuters.com:*:nL4N2ZS17C
    
    ** Activist investor Elliott Management has sold almost all
its remaining shares in SoftBank Group Corp  9984.T  after
previously investing as much as $2.5 billion, the Financial
Times said, citing unidentified sources.  urn:newsml:reuters.com:*:nL4N2ZS0VH
    
    ** Elliott Management, the hedge fund that pushed for big
changes at Twitter two years ago, exited the stock during the
second quarter, soon after Elon Musk announced plans to buy the
social media company, a regulatory filing shows.  urn:newsml:reuters.com:*:nL1N2ZS042
    
    ** Tassal Group  TGR.AX  said it had accepted a sweetened
A$5.23 per share takeover offer from Canadian aquaculture
company Cooke Inc, giving the Australia-based salmon producer an
enterprise value of A$1.70 billion ($1.19 billion).  urn:newsml:reuters.com:*:nL4N2ZR4BV
    
    ** Berkshire Hathaway Inc  BRKa.N , run by billionaire
Warren Buffett, has tripled its stake in online banking company
Ally Financial Inc  ALLY.N  and increased its bet that "Call of
Duty" video game maker Activision Blizzard Inc  ATVI.O  will be
acquired by Microsoft Corp  MSFT.O .  urn:newsml:reuters.com:*:nL1N2ZR21Q

 (Compiled by Rajarshi Roy and Raghav Mahobe in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;
Raghav.Mahobe@thomsonreuters.com))