Deals of the day-Mergers and acquisitions

HKBN

20/11/2024 14:35

(Adds: Tiger Brands)
       Nov 20 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Wednesday:

        ** South Africa's biggest food producer Tiger Brands
 TBSJ.J  said it will sell its Baby Wellbeing business for 605
million rand ($33.4 million), but will exclude its Purity brand,
which it described as a core asset.  urn:newsml:reuters.com:*:nL1N3MR0EN
  

    ** Singapore's CapitaLand Investment  CAPN.SI  said it would
acquire a 40% stake in SC Capital Partners Group (SCCP) for
S$280 million ($209.31 million), while also invest a minimum of
S$524 million in the company.  urn:newsml:reuters.com:*:nL4N3MQ1X3
    
    ** Hong Kong telecommunications company HKBN Ltd  1310.HK 
said it has received a non-binding proposal from state-owned
China Mobile  600941.SS  for a possible takeover of the
broadband firm as China Mobile aims to bolster its foothold in
Hong Kong.  urn:newsml:reuters.com:*:nL4N3MQ1VS
    
    ** Switzerland-based Amcor Plc  485.F   AMCR.N  on Tuesday
agreed to buy U.S. peer Berry Global  BERY.N  for $8.43 billion
in an all-stock deal, creating a consumer and healthcare
packaging giant with combined revenues of $24 billion.
 urn:newsml:reuters.com:*:nL4N3MQ0RS
    
    ** Blackstone  BX.N  has agreed to buy Jersey Mike's Subs,
the sandwich chain said on Tuesday, in a deal that a source said
valued the company at around $8 billion, including debt.
 urn:newsml:reuters.com:*:nL4N3MQ02K

 (Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))