Deals of the day-Mergers and acquisitions

Hostess Brands

25/08/2023 14:43

(Adds Veritas Capital, Asterion, Gruppo San Donato, Hostess
Brands, Danaher Corp)
       Aug 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Friday:
    
        ** Hostess Brands Inc  TWNK.O , the maker of Twinkies
snack cakes, is exploring a sale after fielding takeover
interest from major snack food makers, people familiar with the
matter said. urn:newsml:reuters.com:*:nL1N3A6257
  
    
        ** Danaher Corp  DHR.N  is in the lead to acquire Abcam
Plc  ABCM.O , a provider of supplies to life science researchers
with a market value of $5.4 billion, as it expands its
biomedical offerings, people familiar with the matter
said. urn:newsml:reuters.com:*:nL1N3A61ZK
  
    
        ** Private equity firm Veritas Capital has made an offer
to buy Canadian software company BlackBerry  BB.N   BB.TO ,
according to a person familiar with the matter.  urn:newsml:reuters.com:*:nL4N3A63FO
  
    
        ** Spanish infrastructure investor Asterion said it has
agreed to acquire German utility Steag in a deal valuing the
business at around 2.6 billion euros ($2.81 billion), committing
to power company's transition into a green energy producer.
 urn:newsml:reuters.com:*:nL8N3A64AG
  
        
  
    ** Gruppo San Donato has agreed to buy a majority stake in
Polish cardiovascular care company American Heart of Poland as
part of the Italian group's drive to boost revenue by
consolidating Europe's healthcare sector.  urn:newsml:reuters.com:*:nL8N3A63AA

    ** JSW Steel  JSTL.NS  is looking to pick up a 20-40% stake
in the metallurgical coal unit of Canada's Teck Resources
 TECKb.TO , Bloomberg News reported, citing the Indian steel
producer's chairman, Sajjan Jindal.  urn:newsml:reuters.com:*:nL4N3A62HK

    ** Japan's SoftBank Group  9984.T  will likely sell shares
in Indian food delivery firm Zomato  ZOMT.NS  as the lock-in for
investors post the company's acquisition of Blinkit ends on Aug.
25, CNBC-TV18 reported, citing sources.  urn:newsml:reuters.com:*:nL4N3A61KX
    
    ** ANZ Group  ANZ.AX  and Suncorp Group  SUN.AX  said  that
they have filed separate applications to seek a tribunal review
after Australia's competition regulator recently blocked ANZ's
$3.2 billion buyout of Suncorp's banking arm.  urn:newsml:reuters.com:*:nL4N3A618D
    
    ** India's Reliance Industries  RELI.NS  is likely to sell
an additional 8%-10% stake in its retail arm Reliance Retail
Ventures to fund expansion, retire debt and prepare for a public
listing of the conglomerate's retail business, the Economic
Times reported.  urn:newsml:reuters.com:*:nL4N3A60O1
    
    ** Shares in Malaysian conglomerate Sime Darby  SIME.KL 
opened about 5% higher, a day after it disclosed plans to buy a
majority stake in local industrial group UMW Holdings  UMWS.KL 
for 3.57 billion ringgit ($768.24 million).  urn:newsml:reuters.com:*:nL4N3A6067
    
    ** Private equity firm PAG said it is buying hotels chain
Australian Venue Co (AVC) from rival KKR & Co Inc  KKR.N , in a
deal that, according to two sources with direct knowledge of the
transaction, is worth more than A$1.4 billion ($898 million).
 urn:newsml:reuters.com:*:nL1N3A5380
    

 (Compiled by Rajarshi Roy and Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com))