Deals of the day-Mergers and acquisitions

HICL Infrastructure

01/12/2025 14:42

Adds: Goldman Sachs, Somnigroup International, Targa Resources,  Sinclair, Unilever

Dec 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Monday:

** Goldman Sachs  said it will buy active exchange-traded fund sponsor Innovator Capital Management in a cash-and-stock deal worth about $2 billion, as the Wall Street bank seeks to expand in one of the fastest-growing asset management segments.

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** Mattress manufacturer Somnigroup International  said it had submitted a proposal to buy Leggett & Platt  in an all-stock deal that valued the furniture and bedding maker at about $1.63 billion.

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** Pipeline operator Targa Resources  said it would buy Stakeholder Midstream in a $1.25 billion all-cash deal, expanding its processing capacity in the key Permian Basin.

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** U.S. broadcaster Sinclair  has offered to buy E.W. Scripps  in a cash-and-stock deal that values its smaller rival at $622 million, as cord-cutting and competition from streaming services lead to consolidation in the media industry.

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** Unilever  said it would sell its British snack brand Graze to Katjes International, owner of gummy sweets Candy Kittens, for an undisclosed sum, as the consumer goods firm looks to exit some of its food business to focus on beauty and wellbeing.

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** TotalEnergies  will sell a 40% stake in two offshore exploration licenses in Nigeria to Chevron , in a move aimed at strengthening collaboration between the French and U.S. energy giants, the company said .

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** HICL Infrastructure  and The Renewables Infrastructure Group  (TRIG) said they had abandoned plans for a proposed merger after HICL's board said it could not move forward without broad backing from its investors.

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 (Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))