Deals of the day-Mergers and acquisitions

Hostess Brands

11/09/2023 21:02

(Adds Qualcomm)
       Sept 11 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Monday:
    
    ** Qualcomm  QCOM.O  said it had signed a deal with Apple
 AAPL.O  to supply 5G chips until at least 2026, at a time when
the iPhone maker faces increased challenges in China and looks
to reinforce its supply chains elsewhere.  urn:newsml:reuters.com:*:nL1N3AN0US
        
  
    ** Financial advisor Cetera Financial Group will take wealth
management solutions provider Avantax  AVTA.O  private after
agreeing to acquire all of its issued and outstanding equity in
an all-cash deal, valuing it at about $1.2 billion including net
debt, the companies said on Monday.  urn:newsml:reuters.com:*:nL4N3AN2UR 
    
    ** JetBlue Airways Corp  JBLU.O  said on Monday it would
transfer all holdings of Spirit Airlines  SAVE.N  at two
airports to Allegiant  ALGT.N  to complete its merger with the
Florida-based carrier.  urn:newsml:reuters.com:*:nL4N3AN2YK
    
    ** J.M. Smucker  SJM.N  said on Monday it will buy
Twinkies-maker Hostess Brands  TWNK.O  in a $5.6 billion deal,
as major U.S. packaged food companies look to expand their brand
portfolios with pandemic-era fortunes dwindling.  urn:newsml:reuters.com:*:nL4N3AN0HT
    
    ** Indian education giant Byju's is looking to sell two
companies it acquired in 2021 - Great Learning and Epic - to
raise up to $1 billion in an effort to streamline its businesses
and repay lenders, two sources with direct knowledge of the
matter told Reuters.  urn:newsml:reuters.com:*:nL1N3AN0VI
    
    ** Embracer  EMBRACb.ST  is considering options for its U.S.
game developer Gearbox Entertainment including a sale as
Europe's largest gaming company looks to shore up its finances,
three people familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL8N3AK2N5

    ** Juventus  JUVE.MI  parent Exor  EXOR.AS , the holding
company of the Agnelli family, said it had no plans to put the
Serie A club up for sale, denying a report in newspaper Il
Giornale. urn:newsml:reuters.com:*:nL8N3AN1AW
    
    ** The Restaurant Group (TRG)  RTN.L  agreed to sell its
loss-making Frankie & Benny's and Chiquito brands to Cafe Rouge
owner Big Table Group as it looks to bolster margins and cut
debt. urn:newsml:reuters.com:*:nL4N3AN19L
    

 (Compiled by Rajarshi Roy, Manya Saini, Jaiveer Shekhawat and
Pritam Biswas in Bengaluru)
 ((Jaiveersingh.shekhawat@thomsonreuters.com;))