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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds ARC Resources, Delivery Hero, Bank of America, DCC, Fairfax Financial, Perpetuals.com

- The following bids, mergers, acquisitions and disposals were reported by 1945 GMT on Tuesday:

** ARC Resources ARX.TO said on Tuesday its shareholders have voted in favor of being acquired by Shell SHEL.L, clearing another step for one of this year's biggest energy sector deals.

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** Delivery Hero DHER.DE said on Tuesday it was in advanced negotiations with Uber Technologies UBER.N regarding a potential takeover offer, confirming earlier media reports that the U.S. ride-hailing and food-delivery company is pursuing the German group.

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** Bank of America BAC.N exceeded Wall Street estimates for second-quarter profit on Tuesday, as global market chaos fueled record trading, while a corporate dealmaking surge spurred investment banking.

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** Irish energy distributor DCC DCC.L is close to accepting a £5.7 billion ($7.64 billion) takeover proposal from a consortium of KKR KKR.N and Energy Capital Partners despite shareholder pushback, Bloomberg News reported on Tuesday, citing people familiar with the matter.

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** India has received revised bids from Canada's Fairfax Financial FFH.TO and Dubai's Emirates NBD ENBD.DU for the sale of its majority stake in IDBI Bank IDBI.NS, two sources said, reviving a transaction stalled earlier this year over valuation expectations.

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** Perpetuals.com PDC.O, a global fintech company, has discontinued discussions to potentially acquire part of a business closely affiliated with World Liberty Financial, the crypto venture backed by the Trump family, according to a press release issued by Perpetuals on Tuesday.

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** Mission has strengthened its Latin America platform with the acquisition of Miami-based financial lines facultative reinsurance MGU Capital Bay Underwriting from Ryan Specialty.

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** Thomson Reuters <TRI.TO> said it would sell a 51% stake in its Global Print business to KKR for about $500 million and form a venture with the private equity firm that would hold exclusive license to distribute its content in print and digital books.

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** KKR has joined Amwins Group and Dragoneer Investment Group in the consortium bidding to acquire Steadfast, the Australian broker said on Tuesday.

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** Genesis Minerals <GMD.AX> has agreed to acquire smaller peer Vault Minerals <VAU.AX> in a deal that would create Australia's third-largest gold producer with a market capitalisation of around A$12.6 billion ($8.71 billion).

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(Compiled by Rajarshi Roy, Dharna Bafna and Sanskriti Shekhar in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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