Deals of the day-Mergers and acquisitions

Laboratorios Farmaceuticos Rovi

10/09/2024 14:42

(Adds: TC Energy, UPS, Lufthansa, British hedge Updates:
AngloGold Ashanti)
       Sept 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:

        ** TC Energy's  TRP.TO  C$1 billion ($736.92 million)
deal to sell a minority stake in its Canadian natural gas
pipeline system to a consortium of Indigenous communities has
been delayed due to a transaction structuring issue, the company
said.
  
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        ** UPS  UPS.N  said it would acquire Germany-based
healthcare logistics firm Frigo-Trans for an undisclosed amount
to boost its healthcare cold-chain facilities in Europe.
  
         urn:newsml:reuters.com:*:nL4N3KS0WD
  
        
  
        ** AngloGold Ashanti  AU.N  will buy Egypt-focused
smaller rival Centamin  CEY.L  in a $2.5 billion stock and cash
deal, the companies said, as the U.S.-listed global miner
expands its operations in Africa.
  
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        ** German airline Lufthansa  LHAG.DE  is considering
taking a stake in Latvia's state-owned carrier airBaltic ahead
of its IPO, a source familiar with the matter told Reuters.
  
         urn:newsml:reuters.com:*:nL8N3KS0OU
  
        
  
        ** British hedge fund founder Paul Marshall has bought
The Spectator political magazine for 100 million pounds ($131
million), seller RedBird IMI said.
  
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    ** Australia's Mineral Resources  MIN.AX  said that it got
approval from the Foreign Investment Review Board (FIRB) for the
sale of a 49% stake in its Onslow Iron Project's haul road for
A$1.3 billion ($865.3 million).
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    ** Investment fund CVC  CVC.AS  is in talks to buy a
majority stake in Spanish pharmaceuticals firm Rovi's  ROVI.MC 
third-party manufacturing business, Expansion newspaper
reported, citing unidentified market sources.
     urn:newsml:reuters.com:*:nL1N3KS08C
    
    ** South Korean battery maker Samsung SDI  006400.KS  said
it had decided to sell its polarizing film business to China's
Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won
($836.47 million).
     urn:newsml:reuters.com:*:nL1N3KR13E
    
    ** The U.S. Federal Trade Commission urged a federal judge
in New York to block Tapestry's  TPR.N  $8.5 billion merger with
rival handbag maker Capri Holdings  CPRI.N  at a trial on
Monday, arguing it will eliminate fierce head-to-head
competition in the market for "accessible luxury".
     urn:newsml:reuters.com:*:nL1N3KR0QR
    
    ** U.S. lender NBT Bancorp  NBTB.O  has agreed to buy Evans
Bancorp  EVBN.A  in a deal that values it at nearly $236
million, as it looks to expand its footprint in western New
York.
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 (Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))