Deals of the day-Mergers and acquisitions

Max Healthcare Institute

04/11/2022 09:49

Nov 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0940 GMT on Friday:
    ** Berkshire Hathaway Inc, the investment firm owned by
Warren Buffett, has sold 3.297 million Hong Kong-listed shares
of electric vehicle maker BYD  1211.HK   002594.SZ  for
HK$560.05 million ($71.35 million), according to a filing.
    ** Shares in Gucci-owner Kering  PRTP.PA  rose in early
trading following a report the French luxury goods company is in
advanced talks to buy U.S.-based fashion label Tom Ford.
    ** U.S. investment firm KKR & Co Inc  KKR.N , Singapore's
Temasek Holdings, and India's Max Healthcare Institute  MAXE.NS 
are vying to buy TPG-backed chain of Care Hospitals in a deal
worth over $1 billion, Mint newspaper reported, quoting a person
aware of the matter.
    ** Reliance Retail, a unit of Indian oil-to-chemicals
conglomerate Reliance Industries  RELI.NS , is set to enter the
salon business and is in talks to buy a 49% stake in Naturals
Salon & Spa, the chief executive of the salon chain said in a
social media post.
    ** A state court in Washington has temporarily blocked
Albertsons Companies Inc  ACI.N  from paying a $4 billion
dividend to shareholders before the grocery chain closes its
proposed deal with rival Kroger Co  KR.N , documents filed said
on Thursday.
 (Compiled by Rajarshi Roy and Akash Sriram in Bengaluru)
 ((Akash.Sriram@tr.com;))