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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:

** U.S.-based private equity firm Veritas Capital agreed on Tuesday to buy Britain's Bodycote BOY.L in a £1.85 billion ($2.51 billion) debt-inclusive deal, outbidding CVC in a contest that also saw Apollo Global APO.N walk away earlier this year.

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** Gamma Communications GAMA.L agreed to a takeover by London-based private equity firm Epiris, valuing the British telecom firm at £1.08 billion ($1.46 billion) including debt, the companies said , capping months of takeover talks.

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** Norwegian oil firm DNO DNO.OL has agreed to buy UK's Capricorn Energy CNE.L for $396 million, the parties said , outbidding rival Genel Energy GENL.L.nL4N44T0HG

** Octopus Energy said that it had acquired Danish power trading firm BD Energy to bolster its technology-driven trading capabilities as it expands its renewable energy business in Europe.nL4N44T0FY


** Swiss security group Dormakaba DOKA.S said it would simplify its ownership structure by buying out a stake from its top shareholder, after it reported adjusted full-year core earnings in line with market expectations.nL8N44T073


(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru; Edited by Ronojoy Mazumdar)

((Rajarshi.Roy@thomsonreuters.com))

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