Deals of the day-Mergers and acquisitions

MaxLinear

17/08/2023 10:41

Aug 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:

    ** Investment company Exor  EXOR.AS  was able to build a 15%
stake in Dutch healthcare group Philips  PHG.AS  without
triggering the usual disclosures thanks to derivatives deals
through Goldman Sachs, regulatory filings show. urn:newsml:reuters.com:*:nL1N39Y0DA
    
    ** Britain's BAE Systems  BAES.L  agreed to buy Ball Corp's
 BALL.N  aerospace assets for about $5.55 billion in cash,
snapping up a key U.S. contractor in areas such as national
security and intelligence. urn:newsml:reuters.com:*:nL4N39Y19B
    
    ** The climate investing strategy of private equity company
TPG  TPG.O  said it has agreed to buy a majority stake in
British refrigerant gases firm A-Gas as tougher regulations push
more users to capture and reuse the pollutants. urn:newsml:reuters.com:*:nL8N39X2YE
    
    ** U.S. meat and processed food maker Tyson Foods  TSN.N 
plans to sell its China poultry business, three people with
knowledge of the matter said, in the latest case of a
multinational firm looking to divest from the country in recent
years. urn:newsml:reuters.com:*:nL4N39X1BS
    
    ** Paramount Global  PARA.O  dropped its plans to sell a
majority stake in BET Media Group, which includes the VH1 and
BET cable networks and BET+ streaming service, the Wall Street
Journal reported on Wednesday, citing people familiar with the
matter. urn:newsml:reuters.com:*:nL4N39Y02U
    
    ** Taiwan-based Silicon Motion  SIMO.O  blamed MaxLinear
 MXL.O  for breaching their merger agreement and said it would
seek damages in excess of the termination fee from the U.S.
company.  urn:newsml:reuters.com:*:nL4N39X3S0
    
    ** EQT Corp  EQT.N , the biggest U.S. natural gas producer,
said on Wednesday that it had won antitrust approval to close a
deal to buy Quantum Energy-backed THQ Appalachia I LLC and
associated infrastructure. urn:newsml:reuters.com:*:nL1N39X2KQ

 (Compiled by Rajarshi Roy and Aishwarya Jain in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;Aishwarya.Jain@thomsonreuters
.com))