Deals of the day-Mergers and acquisitions
17/12/2024 14:43
(Adds: Ambuja Cements, Fuji Soft and Kosmos Energy)
Dec 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Tuesday:
** India's Ambuja Cements ABUJ.NS will merge two of
its recently purchased units into the company, it said, in a bid
to streamline the structure of the Adani Group's cement
businesses and simplify compliance requirements. urn:newsml:reuters.com:*:nL4N3NI0Y3
** Japanese IT firm Fuji Soft 9749.T has reaffirmed
its support for the second stage of a tender offer buyout from
U.S. private equity firm KKR KKR.N and came out against a
higher offer from rival Bain Capital, it said in a statement.
urn:newsml:reuters.com:*:nL4N3NI0XM
** U.S. oil and gas firm Kosmos Energy KOS.N walked
away from its pursuit of West Africa-focused Tullow Oil TLW.L
, without specifying any reason for the decision, prompting a
10% drop in Tullow's shares. urn:newsml:reuters.com:*:nL4N3NI0PS
** Alibaba Group 9988.HK said it would sell its Chinese
department store unit Intime and book a $1.3 billion loss from
the deal, as the retail giant reshuffles its business portfolio
to focus on its core e-commerce operation. urn:newsml:reuters.com:*:nL4N3NI09L
** British commercial property firm Land Securities
(Landsec) LAND.L said it acquired a 92% stake in shopping
centre Liverpool ONE for 490 million pounds ($622.1 million),
betting on retailers' focus on "bigger and better" stores.
urn:newsml:reuters.com:*:nL4N3NI0HU
** A U.S. investment group has acquired Israeli spyware
vendor Paragon, a competitor to digital surveillance provider
NSO Group, Israeli newspaper Haaretz reported on Monday.
urn:newsml:reuters.com:*:nL6N3NH0LL
(Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)
((Kritika.Lamba@thomsonreuters.com))