Deals of the day-Mergers and acquisitions

Gam Holding AG

13/06/2023 10:45

June 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** Hong Kong's HKBN  1310.HK  said it has terminated buyout
discussions with infrastructure investor I Squared Asia
Advisors.  urn:newsml:reuters.com:*:nL4N3851ZY
    
    ** Russian state-owned lender VTB  VTBR.MM  may pull out of
the running to acquire a stake in internet giant Yandex
 YNDX.O , the bank's CEO, Andrei Kostin, told Reuters, as
discussions are now centered around higher prices than the
bank's initial offer.  urn:newsml:reuters.com:*:nL8N3851I5
    
    ** GAM Holding's  GAMH.S  board has repeated its appeal to
shareholders to accept a takeover approach from Britain's
Liontrust Asset Management  LIO.L  the Swiss asset manager said.
 urn:newsml:reuters.com:*:nL8N3850VA
    
    ** Australian retail giant Wesfarmers  WES.AX  said it would
acquire telehealth business InstantScripts for about A$135
million ($91.17 million) to expand its presence in the digital
healthcare sector.  urn:newsml:reuters.com:*:nL4N38440W
    
    ** NexTier Oilfield Solutions  NEX.N  and Patterson-UTI
Energy  PTEN.O  are holding talks over a possible merger, the
Wall Street Journal reported on Monday citing people familiar
with the matter.  urn:newsml:reuters.com:*:nL4N3843X5
    
    ** Investment firms Apollo Global Management  APO.N , Sixth
Street and Warburg Pincus are among the initial bidders for
Goldman's GreenSky unit, Semafor reported on Monday citing
people familiar with the matter.  urn:newsml:reuters.com:*:nL4N3843NE
    
    ** Duke Energy Corp  DUK.N  said on Monday it has agreed to
sell its unregulated utility scale Commercial Renewables
business to Brookfield Renewable  BEP.N ,  BEPC.N  in a deal
valued at about $2.8 billion.  urn:newsml:reuters.com:*:nL4N3843HC
    
    ** Nasdaq  NDAQ.O  on Monday agreed to buy Thoma Bravo-owned
software firm Adenza for $10.5 billion, with the exchange
operator's biggest-ever deal broadening its financial technology
footprint but giving shareholders a case of sticker shock.
 urn:newsml:reuters.com:*:nL4N3841PQ

 (Compiled by Rajarshi Roy and Ananta Agarwal in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))