Deals of the day-Mergers and acquisitions

Minehub Technologies

02/03/2023 15:07

(Adds Microsoft, GQG Partners, Leonard Green & Partners,
MineHub)
       March 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Thursday:

    ** Microsoft's  MSFT.O  readiness to offer licensing deals
to rivals is likely to address EU antitrust concerns over its
$69 billion acquisition of Activision  ATVI.O  without the need
for asset sales, three people familiar with the matter said.
 urn:newsml:reuters.com:*:nL1N35A1DC
    
    ** U.S. boutique investment firm GQG Partners has bought
shares worth $1.87 billion in India's Adani group companies, the
conglomerate said, marking the first major investment in the
group since a short-seller's critical report sparked a stock
rout.  urn:newsml:reuters.com:*:nL4N35A2TX

    ** Private equity firm Leonard Green & Partners LP is
exploring a sale of Pro Mach Group Inc, in a deal that could
value the U.S. packaging company at around $5 billion, according
to people familiar with the matter.  urn:newsml:reuters.com:*:nL4N3593V5
    
    ** Canada's MineHub Technologies Inc  MHUB.V , which has
digitised trade finance and logistics in metals and mining,
agreed to buy rival Waybridge for $2.5 million in MineHub
shares, the firms said.  urn:newsml:reuters.com:*:nL8N35A3B4

    ** German speciality chemicals group Evonik Industries
 EVKn.DE  is ready to take its time if needed in selling its
Performance Intermediates business, which it put up for sale,
board member Harald Schwager said.  urn:newsml:reuters.com:*:nS8N34M05N
    
    ** Britain's Saga plc  SAGA.L  said exclusive talks with
Australian insurance group Open about a potential sale of its
underwriting arm had ended without an agreement.  urn:newsml:reuters.com:*:nL4N35A24P

    ** The Indian government has written to the markets
regulator underscoring its opposition to Hindustan Zinc's
 HZNC.NS  plans to buy two Vedanta Group subsidiaries, three
government officials said.  urn:newsml:reuters.com:*:nL4N35A1F6
    
    ** Inpex  1605.T , Japan's largest oil and gas exploration
and production company, said  it has bought a 16.7% stake in the
Moray East offshore wind farm in Scotland from Mitsubishi
 8058.T  to expand further into renewable energy.  urn:newsml:reuters.com:*:nL8N35A1Z7
    
    ** Technology investor Prosus  PRX.AS  is considering a sale
of its OLX Autos classified advertising business, the company
said.  urn:newsml:reuters.com:*:nL1N35A0J4
    
    ** Shares of Hong Kong telco HKBN Ltd  1310.HK  rose as much
as 6% after it confirmed it had received takeover interest from
infrastructure investor I Squared Asia Advisors.  urn:newsml:reuters.com:*:nL4N35A0ZQ
    
    ** Australia's Nitro Software Ltd  NTO.AX  recommended its
shareholders accept private equity firm Potentia Capital's
sweetened takeover offer of A$532.3 million ($359.8 million),
weeks after they rejected a A$526.9 million offer from Alludo.
 urn:newsml:reuters.com:*:nL4N35A085
    
    ** CATL  300750.SZ , the world's largest battery maker, has
sold its nearly 5% stake in Australian lithium producer Pilbara
Minerals Ltd  PLS.AX  for A$601 million ($405.86 million),
according to a term sheet seen by Reuters.  urn:newsml:reuters.com:*:nL1N35A02W
    
    ** Canadian lender Toronto-Dominion Bank's  TD.TO  $13.4
billion acquisition of First Horizon Corp  FHN.N  may get
delayed further due to pending regulatory approvals, the U.S.
bank said in a filing on Wednesday.  urn:newsml:reuters.com:*:nL4N3594PE
    
    ** EQT Active Core Infrastructure fund said on Wednesday it
had, together with the Public Sector Pension Investment Board,
agreed to buy Radius Global Infrastructure Inc  RADI.O  in a
deal valued at $1.43 billion.  urn:newsml:reuters.com:*:nL4N3594LC

 (Compiled by Rajarshi Roy and Anne Florentyna Gnanaraja Sekar
in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))