Deals of the day-Mergers and acquisitions

Metlife

23/12/2024 22:03

(Adds Arcadium Lithium, TPG)
       Dec 23 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2200 GMT on Monday:
    
    ** Arcadium Lithium  ALTM.N  said on Monday its shareholders
have voted in favor of a $6.7 billion sale to Australian mining
giant Rio Tinto  RIO.AX .  urn:newsml:reuters.com:*:nL4N3NO143
        
  
    ** Buyout firm TPG's  TPG.O  climate investment arm is in
talks to acquire Altus Power  AMPS.N , a provider of solar power
to commercial property owners and residential homes, people
familiar with the matter told Reuters on Monday.  urn:newsml:reuters.com:*:nL1N3NO0N5
    
    ** The asset management arm of U.S. insurer giant MetLife
 MET.N  has agreed to buy PineBridge Investments from Hong Kong
billionaire Richard Li's Pacific Century Group (PCG) in a deal
valued at up to $1.2 billion, the companies said on Monday.
 urn:newsml:reuters.com:*:nL4N3NO0RF
    
    ** Nordstrom  JWN.N  has agreed to be acquired by its
founding family and Mexican retailer El Puerto de Liverpool
 LIVEPOLC1.MX  in a deal that values the luxury department store
operator at about $6.25 billion, including debt.  urn:newsml:reuters.com:*:nL4N3NO0RA
    
    ** U.S. fintech firm Fiserv  FI.N  will buy Canada's Payfare
 PAY.TO  in a C$201.5 million ($140 million) deal as it looks to
expand payments offerings for gig-economy workers, the companies
said on Monday.  urn:newsml:reuters.com:*:nL4N3NO0NM
    
    ** Canada's Vermilion Energy  VET.TO  said on Monday it will
acquire privately held oil and gas firm Westbrick Energy for
C$1.075 billion ($746.53 million), primarily in cash,
strengthening its position in the Deep Basin of Alberta.
 urn:newsml:reuters.com:*:nL4N3NO0NH
    
    ** Office equipment manufacturer Xerox  XRX.O  will buy
Chinese-owned printer and printing software maker Lexmark
International in a $1.5 billion deal to bolster its mainstay
business, the companies said on Monday.  urn:newsml:reuters.com:*:nL4N3NO0K2
    
    ** Dutch technology investor Prosus NV  PRX.AS  said on
Monday it would buy Latin America-focused online travel agency
Despegar.com Corp  DESP.N  for about $1.7 billion in cash, as it
looks to expand its services across Latin America.  urn:newsml:reuters.com:*:nL4N3NO0MS
    
    ** Hyatt Hotels  H.N  is in exclusive talks regarding a
potential takeover of Playa Hotels & Resorts N.V.  PLYA.O  among
other strategic options for the $1.2 billion resort operator,
the companies said on Monday.  urn:newsml:reuters.com:*:nL4N3NO0LL
    
    ** News Corp  NWSA.O  has agreed to sell its Australian
cable TV unit Foxtel to British-owned sports network DAZN for
A$3.4 billion ($2 billion) including debt, cutting the
Murdoch-controlled media empire's exposure to a business
up-ended by streaming platforms.  urn:newsml:reuters.com:*:nL1N3NN06R
    
    ** French cosmetics giant L'Oreal  OREP.PA  said on Monday
it had agreed to buy Gowoonsesang Cosmetics, which includes
South Korean skincare brand Dr.G., from Swiss retailer Migros.
 urn:newsml:reuters.com:*:nL8N3NO06Y
    
    ** Honda  7267.T  and Nissan  7201.T  have started talks
toward a potential merger, they said on Monday, a historic pivot
for Japan's auto industry that underlines the threat Chinese EV
makers now pose to some of the world's best known car makers.
 urn:newsml:reuters.com:*:nL1N3NO00D
    
    ** British insurer Aviva  AV.L  has reached an agreement to
buy smaller rival Direct Line  DLGD.L  in a 3.7 billion pound
($4.65 billion) cash-and-stock deal, the companies said on
Monday, creating the UK's largest home and motor insurer.
 urn:newsml:reuters.com:*:nL4N3NO0D1
    
    

 (Compiled by Jaiveer Shekhawat and Pooja Menon in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))