Deals of the day-Mergers and acquisitions

HomeToGo SE

13/08/2021 11:30

Aug 13 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1030 GMT on Friday :
    
    ** South Korean retailer GS Retail Co Ltd  007070.KS  said
it had partnered with two private-equity firms to buy Delivery
Hero's  DHER.DE  food delivery app, Yogiyo, in a deal valued at
800 billion won ($685 million).  urn:newsml:reuters.com:*:nL1N2PK0IP

    ** Lakestar SPAC I  LRS1.DE  said it would hold an
extraordinary general meeting on Sept. 13 to vote on a proposed
business combination with online travel company HomeToGo, in a
first such deal of its kind in Germany.  urn:newsml:reuters.com:*:nL8N2PK20I
    
    ** Zooplus  ZO1G.DE , one of Europe's largest online pet
supplies' retailers, said it had received and accepted a 3
billion euro ($3.5 billion) takeover offer from U.S. private
equity firm Hellman & Friedman.  urn:newsml:reuters.com:*:nL1N2PK0C1
    
    ** Babcock International Group  BAB.L  said it had agreed to
sell its consultancy unit Frazer-Nash for 293 million pounds
($404.5 million) to help shore up the British engineering firm's
balance sheet and cut debt.  urn:newsml:reuters.com:*:nL4N2PK1GS
            
    ** Kansas City Southern  KSU.N  said it has turned down a
$27 billion bid from Canadian Pacific Railway  CP.TO  and will
delay a shareholder vote on a $29 billion deal to sell itself to
Canadian National Railway Co  CNR.TO  if the rail regulator does
not rule on the deal in the next five days.  urn:newsml:reuters.com:*:nL4N2PJ4C1
    
    ** The world's largest meatpacker JBS SA  JBSS3.SA  said
that it has proposed acquiring the remaining common shares in
its U.S.-based subsidiary Pilgrim's Pride Corporation  PPC.O  in
order to delist the company.  urn:newsml:reuters.com:*:nL1N2PK00P

 (Compiled by Rajarshi Roy and Sahil Shaw in Bengaluru)
 ((sahil.shaw@thomsonreuters.com))