Deals of the day-Mergers and acquisitions

Keywords Studios

03/07/2024 10:57

July 3 (Reuters - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** Germany's cabinet blocked the planned sale of Volkswagen
 VOWG_p.DE  subsidiary MAN Energy Solutions' gas turbine
division to a Chinese company, two government sources said.
     urn:newsml:reuters.com:*:nS8N3IC08R
    
    **  A joint venture between Trafigura and the Frontier Group
of Companies (FGC) has completed its acquisition of the Mountain
Creek power plant from a group of financial investors for an
undisclosed sum, Trafigura said in a press release.
     urn:newsml:reuters.com:*:nFWN3IU1IB
    
    ** British drugmaker GSK  GSK.L   bought partner CureVac out
of their alliance on influenza and COVID-19 vaccine development,
boosting its messenger RNA credentials and extending the German
biotech company's financial lifeline.
     urn:newsml:reuters.com:*:nL4N3IV0F1
    
    ** U.S. asset management company Artisan Investments has
taken a 10.01% stake in the Dutch healthcare technology group
Philips  PHG.AS , according to a regulatory filing published.
     urn:newsml:reuters.com:*:nS8N3HV0NW
    
    ** Dublin-based video game services group Keywords Studios
 KWS.L  has agreed to a bid worth 2.2 billion pounds ($2.8
billion) from European private equity firm EQT  EQTAB.ST ,
saying it saw significant growth opportunities under EQT's
ownership.
     urn:newsml:reuters.com:*:nL4N3IV0FB
    
    ** Nippon Steel's  5401.T  vice chairman plans to return to
the United States next week again to discuss its proposed
acquisition of U.S. Steel  X.N , a company spokesperson said.
     urn:newsml:reuters.com:*:nL1N3IV04I
    
    ** Shari Redstone's National Amusements has reached a
preliminary deal to sell its controlling interest in Paramount
Global  PARA.O  to David Ellison's Skydance Media, three sources
familiar with the matter told Reuters on Tuesday.
     urn:newsml:reuters.com:*:nL4N3IU1NV
    
    ** Blackstone  BX.N  and MBK Partners said the U.S. private
equity firm is selling Japanese drugmaker Alinamin
Pharmaceutical to the North Asian buyout fund.
     urn:newsml:reuters.com:*:nL4N3IV00Q
    
    ** Vista Outdoor  VSTO.N  confirmed on Tuesday it received
additional information from MNC Capital as part of the
investment firm's efforts to acquire the sporting and outdoor
goods maker.
     urn:newsml:reuters.com:*:nL4N3IU1L5

 (Compiled by Rajarshi Roy and Sneha S K in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))