Deals of the day-Mergers and acquisitions

Instructure Holdings

26/07/2024 14:35

(Adds: Casey's General Stores, International Game Technology,
IAC, Macquarie Asset Management, IDBI Bank)
       July 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:

    ** Billionaire Barry Diller signaled his digital-media
conglomerate IAC  IAC.O  was no longer in the race to buy
Paramount Global  PARA.O , CNBC reported.
     urn:newsml:reuters.com:*:nL4N3JI0WQ
    
    ** Casey's General Stores  CASY.O  said it would acquire
Fikes Wholesale, owner of CEFCO convenience stores, in an
all-cash transaction for $1.15 billion in a bid to strengthen
its presence in Texas.
     urn:newsml:reuters.com:*:nL4N3JI13N
    
    ** Private equity firm Apollo Funds will take International
Game Technology's  IGT.N  gaming and digital business and Everi
Holdings  EVRI.N  private in an all-cash deal that values the
combined business at $6.3 billion, the companies said.
     urn:newsml:reuters.com:*:nL4N3JI0X6

    ** Macquarie Asset Management will buy out the 20% of
Britain's National Gas that it does already own, the investment
company said without disclosing financial details.
     urn:newsml:reuters.com:*:nL1N3JI0AU
        
  
    ** India will press ahead with the delayed sale of a
majority stake in IDBI Bank  IDBI.NS  after central bank
clearance, opening bids for the lender before the end of the
financial year, a top finance ministry official said.
     urn:newsml:reuters.com:*:nL4N3JI0RB
    
    ** Czech train maker Skoda said it does not intend to file a
counter bid to take over Spanish rival Talgo  TLGO.MC  though it
seeks to combine the two companies' industrial activities,
according to a letter disclosed by Talgo.  urn:newsml:reuters.com:*:nL8N3JI09S

    ** Banco Sabadell  SABE.MC  is unlikely to get a competing
takeover offer to scupper a hostile bid from rival BBVA
 BBVA.MC  because other banks would also face competition
concerns, Sabadell's CEO Cesar Gonzalez-Bueno said.  urn:newsml:reuters.com:*:nL1N3JG1AU

    ** KKR & Co  KKR.N  will take education software platform
Instructure Holdings  INST.N  private for $4.8 billion, the
private equity firm said on Thursday.  urn:newsml:reuters.com:*:nL4N3JH2S3

 (Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))