Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Sept 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:
** The billionaire family behind H&M HMb.ST is quietly increasing its stake, fuelling speculation it could take the fast-fashion retailer private as CEO Daniel Erver's turnaround efforts have so far failed to boost the shares or lift sales significantly
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** Australia's competition regulator blocked Insurance Australia Group's acquisition of RAC Insurance on Wednesday, saying the deal would substantially reduce competition in Western Australia's motor and home insurance markets.
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** Royal Caribbean Group RCL.N said on Wednesday it had agreed to acquire a 50% stake in Caribbean resorts operator Sandals Resorts International, expanding the cruise company's presence in land-based vacation experiences.
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** Kimberly-Clark KMB.O has offered concessions to address EU antitrust concerns about its $40 billion bid for Tylenol maker Kenvue KVUE.N, a filing on the European Commission website showed on Wednesday.
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(Compiled by Miraanta Lowrance in Bengaluru)
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