Deals of the day-Mergers and acquisitions

Namoi Cotton

01/08/2024 17:22

(Adds FEMSA, R1 RCM, Trafigura, Royal Mail, RedBird IMI, Talen Energy, Hewlett
Packard Enterprise)
       Aug 1 (Reuters) - The following bids, mergers, acquisitions and
disposals were reported by 1330 GMT on Thursday:

    ** Mexico's FEMSA  FEMSAUBD.MX  said it has entered into definitive
agreements to acquire the retail operations of Delek US Holdings  DK.N  for $385
million.  urn:newsml:reuters.com:*:nTUA2CCLQ5
    
    ** R1 RCM  RCM.O  said private equity firms TowerBrook Capital Partners and
Clayton, Dubilier & Rice (CD&R) would acquire the healthcare technology company
in a deal that values it at $8.9 billion. urn:newsml:reuters.com:*:nL4N3JO1BO
    
    ** Rhone Energies, a consortium of commodity trader Trafigura  TRAFGF.UL 
and Entara LLC, has agreed with ExxonMobil's ESSO SAF  ESSF.PA  to buy the
Fos-sur-Mer refinery and Toulouse and Villette-de-Vienne terminals in France.
 urn:newsml:reuters.com:*:nL1N3JO0DM
    
    ** The British government has called in Czech billionaire Daniel Kretinsky's
takeover bid for Royal Mail for closer scrutiny under the National Security and
Investment act, the BBC reported.  urn:newsml:reuters.com:*:nS8N3GH08G
    
    ** Hedge fund tycoon Paul Marshall is closing in on a deal to buy the
Spectator magazine from Abu Dhabi-backed RedBird IMI which is selling the title
as well as the Telegraph newspapers, according to two people with knowledge of
the situation.  urn:newsml:reuters.com:*:nL8N3JO0XZ
        
  
    ** Talen Energy  TLN.O  is looking to sell its stake in a cryptocurrency
mining operation powered by its Pennsylvania nuclear plant in a process marketed
to both data center developers and cryptominers, three sources familiar with the
process said.  urn:newsml:reuters.com:*:nL1N3J80T7
        
  
    ** The EU Commission said it had unconditionally approved the $14 billion
takeover of networking gear maker Juniper Networks  JNPR.N  by Hewlett Packard
Enterprise  HPE.N .  urn:newsml:reuters.com:*:nL8N3JO0XJ
    
    ** Cellnex  CLNX.MC , Europe's largest mobile phone tower operator, said it
was in advanced negotiations to sell its Austrian unit after receiving binding
offers, triggering a rise in shares.  urn:newsml:reuters.com:*:nL8N3JO0IM
    
    ** Ayala Corp  AC.PS , the Philippines' oldest conglomerate, is exploring
selling a minority stake in Ayala Healthcare Holdings (AC Health) in a potential
deal that could value its healthcare arm at up to $500 million, two people said.
 urn:newsml:reuters.com:*:nL4N3JO0KW
    
    ** Japan's Otsuka Pharmaceutical  4578.T  said it agreed to pay more than $1
billion to acquire Jnana Therapeutics as it looks to expand its drug pipeline
and research base in the Boston area.  urn:newsml:reuters.com:*:nL1N3JO052
    
    ** The Australian competition watchdog will not oppose Louis Dreyfus'
proposal to take over Namoi Cotton  NAM.AX , the regulator said, a month after
it raised concerns over a similar buyout bid by a Singaporean entity.
 urn:newsml:reuters.com:*:nL4N3JN39X
    
    ** U.S. businessman Elon Musk said his artificial intelligence startup xAI
is not considering an acquisition of chatbot startup Character.AI, according to
a statement on social media website X.  urn:newsml:reuters.com:*:nL4N3JO036
    
    ** Australia's Pacific Smiles  PSQ.AX  recommended that shareholders vote in
favour of a sweetened bid of A$327.1 million ($214.05 million) by National
Dental Care (NDC) over a competing takeover offer from U.S.-based Genesis
Capital.  urn:newsml:reuters.com:*:nL4N3JN38P

    ** Chevron Corp's  CVX.N  proposed purchase of oil producer Hess  HES.N 
faces a lengthy new delay, with an arbitration panel not expected to hear a
rival's claim to Hess' stake in a Guyana oil-producing joint venture until May
2025, the company said.  urn:newsml:reuters.com:*:nL1N3JN1RE
    
    ** Egyptian microfinance lending and payments company MNT-Halan's recent
purchase of Turkey's biggest nonbank micro-leasing company will help develop its
factoring business in Egypt while expanding consumer credit in Turkey, its chief
executive said.  urn:newsml:reuters.com:*:nL1N3JN16E
    
    ** Italian app developer Bending Spoons has bought file-sharing platform
WeTransfer, the companies said in a joint statement, as the Milan-based tech
company presses ahead with a string of deals for software firms.  urn:newsml:reuters.com:*:nL8N3JN37Z
    
    ** French retailer Casino  CASP.PA  no longer considers Brazil's GPA
 PCAR3.SA  a strategic holding and is open to selling its remaining 22.5% stake
in the company, an executive at Casino's financial communications department
said.  urn:newsml:reuters.com:*:nL1N3JN12B
    
    ** UK's John Wood Group  WG.L  extended the deadline by which Dubai-based
engineering and consulting firm Sidara would need to make a firm offer for the
company to not later than August 9.  urn:newsml:reuters.com:*:nL4N3JN2CO

 (Compiled by Rajarshi Roy and Harshita Mary Varghese in Bengaluru)
 ((Harshitamary.varghese@thomsonreuters.com))