Deals of the day-Mergers and acquisitions

Globus Medical

09/02/2023 20:48

(Adds: Saudi Aramco, Sumo Logic, Noventiq, Petronas, Fresenius
SE, Black Knight; Updates: Globus Medical)
       Feb 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2045 GMT on
Thursday:
    ** Mortgage data vendor Black Knight Inc  BKI.N  has decided
to put its Empower loan origination software business up for
sale in an effort to overcome U.S. antitrust concerns over its
$13.1 billion proposed acquisition by Intercontinental Exchange
Inc  ICE.N , people familiar with the matter said.
    ** German healthcare group Fresenius SE  FREG.DE  said it
was potentially ready to cede control over Fresenius Medical
Care (FMC)  FMEG.DE , after a fall in earnings at the world's
largest dialysis company.
    ** Malaysian state energy company Petronas  PETR.UL  is
selling its 74% stake in South Africa's largest gas station
chain Engen to Vivo Energy, the firms said, a deal that will
create one of Africa's largest energy distribution companies.
    ** London-listed IT company Noventiq  SFTLq.L  said it will
combine with California-based blank-check firm Corner Growth
Acquisition Corp for a Nasdaq listing.
    ** Sumo Logic Inc  SUMO.O  agreed to be acquired by
investment firm Francisco Partners in a deal that values the big
data firm at about $1.7 billion.
    ** BlackRock Inc-led investors in Saudi Aramco's gas
pipeline network are set to raise $4.5 billion from a sale of
bonds to refinance a multi-billion dollar loan that backed their
stake purchase, a bank document showed.
    ** Toshiba Corp  6502.T  confirmed it had received a
proposal from a consortium led by private equity firm Japan
Industrial Partners, after sources said the investors had
secured $10.6 billion in loan commitments for their buyout.
    ** First Abu Dhabi Bank  FAB.AD , the United Arab Emirates'
biggest lender, is still considering a potential offer for
Britain's Standard Chartered  STAN.L , Bloomberg News reported
on Thursday.
    ** Credit Suisse  CSGN.S  has taken another step towards
creating a standalone investment bank by buying Michael Klein's
advisory boutique, the bank said on Thursday, but gave no update
for getting more investors on board.
    ** Earth & Beyond Ventures, a new early-stage venture fund
investing in Israel's emerging commercial space ecosystem, said
on Thursday it had launched with commitments of $125 million.
    ** Globus Medical Inc  GMED.N  said it would acquire peer
NuVasive Inc  NUVA.O  in an all-stock deal valued at about $3
billion to build scale in the competitive market for spinal
devices.
    ** Germany's Henkel  HNKG_p.DE  wants to significantly
expand its consumer goods business after merging its cosmetics
and detergents divisions, Chief Executive Carsten Knobel told
WirtschaftsWoche in an interview.
 (Reporting by Priyamvada C, Pratyush Thakur and Granth Vanaik
in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))