Deals of the day-Mergers and acquisitions

Healius

04/05/2023 11:52

May 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on
Thursday:

    ** First Horizon Corp  FHN.N  and Toronto-Dominion Bank
Group  TD.TO  have agreed to call off their $13.4 billion deal,
the banks said.
    
    ** Holly Energy Partners LP  HEP.N  said it has received a
non-binding proposal letter from HF Sinclair Corp  DINO.N ,
under which HF Sinclair will acquire all outstanding shares not
owned by the company.
    
    ** The European Commission cleared the proposed acquisition
of Polish recycling company Alumetal by metals maker Norsk
Hydro, without conditions.
    
    ** India's Adani Ports and Special Economic Zone Ltd
 APSE.NS  said  that it has completed the sale of its port in
sanction-hit Myanmar for $30 million, significantly lower than
its investment in the project.
    
    ** Vodafone  VOD.L  and CK Hutchison  0001.HK  are close to
agreeing to a merger of their UK telecoms businesses, two
sources said, in an expected 15 billion pounds ($19 billion)
deal that would create the country's biggest mobile operator.
    
    ** Uniper  UN01.DE  expects two announced asset sales,
requested by the European Commission in exchange for approving
the German utility's bailout, to close soon, the company's chief
financial officer told analysts.
    
    ** British asset manager Liontrust Asset Management plc
 LIO.L  has conditionally agreed to acquire GAM Holding AG in a
deal that values the Swiss asset manager at CHF 107 million
($121.3 million), the companies said.
    
    ** Australian gold miner St Barbara Ltd  SBM.AX , in a
statement released , said it had received a higher bid for its
Western Australian Leonara assets from Silver Lake Resources
 SLR.AX .
    
    ** Vonovia  VNAn.DE  sold five properties to CBRE Investment
Management for about 560 million euros ($620.4 million), as high
interest rates and the surging cost of construction and energy
weigh on property values.
    
    ** Private-equity firm Apollo Global Management  APO.N  is
nearing a deal to buy U.S. aluminum products maker Arconic
 ARNC.N , the Wall Street Journal reported on Wednesday, citing
people familiar with the matter.
    
    ** Australia's medical centre operator Healius  HLS.AX  
recommended that its shareholders reject the A$1.52 billion
($1.01 billion) all-share takeover offer by Australian Clinical
Labs  ACL.AX .
    
    ** Callon Petroleum Co  CPE.N  said on Wednesday it has
agreed to acquire Permian basin-based Percussion Petroleum
Operating II Llc in a cash-and-stock deal valued at about $475
million to strengthen its portfolio in the lucrative U.S. shale
patch.
    
    ** Homecare services provider Option Care Health Inc
 OPCH.O  said on Wednesday it is acquiring Amedisys Inc  AMED.O 
in an all-stock deal valued at $3.6 billion, including debt.


 (Compiled by Rajarshi Roy in Bengaluru; Editing by Janane
Venkatraman)
 ((Rajarshi.Roy@thomsonreuters.com;))