Deals of the day-Mergers and acquisitions

NEC

25/01/2024 11:06

Jan 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on
Thursday:

    ** India's Zee Entertainment  ZEE.NS  has told Walt Disney
 DIS.N  it does not intend to move forward with a deal to pay
around $1.4 billion for cricket TV rights it acquired from the
U.S. company, two people with direct knowledge of the matter
said.
     urn:newsml:reuters.com:*:nL1N3EF0QE
    
    ** Global investment firm Hillhouse is emerging as one of
the final few bidders for Everlife Holdings in a deal that could
value the Asian healthcare services company at up to $1 billion,
two people with knowledge of the matter said.
     urn:newsml:reuters.com:*:nL4N3EF22K
    
    ** Japan's Hitachi  6501.T  and NEC Corp  6701.T  are aiming
to raise up to $2.1 billion by selling their stakes in chipmaker
Renesas Electronics 6723.T, according to a term sheet seen by
Reuters.
     urn:newsml:reuters.com:*:nL4N3EF2BQ
    
    ** KPS Capital Partners recently explored a bid for UK
specialty chemicals maker Elementis  ELM.L  but has since paused
its work, two people familiar with the matter told Reuters.
     urn:newsml:reuters.com:*:nL1N3EF0KK
    
    ** HDFC Bank  HDBK.NS , India's largest private sector
lender, will take 4-5 years to fully digest its merger with its
parent last July but expects to restore a key financial metric
to pre-merger levels at the end of that period, two sources
familiar with the bank's thinking said.
     urn:newsml:reuters.com:*:nL4N3ED43K
    
    ** Britain's Haleon  HLN.L  said it had agreed to sell lip
balm brand ChapStick to a company owned by private equity firm
Yellow Wood Partners for around $430 million in cash and a stake
valued at around $80 million in the buyer.
     urn:newsml:reuters.com:*:nL8N3EF1LB
    
    ** Singapore retail real estate investment trust Frasers
Centrepoint Trust  FCRT.SI  said it is acquiring an additional
24.5% effective interest in retail mall NEX for S$523.1 million
($390.4 million).
     urn:newsml:reuters.com:*:nL1N3EF01D
    
    ** Mineral Resources  MIN.AX  expects to sell its stake in
lithium developer Azure Minerals  AZS.AX  in the current half
year, Chief Financial Officer Mark Wilson said .
     urn:newsml:reuters.com:*:nM0N2A702N
    
    ** Skydance Media CEO David Ellison has made a preliminary
offer to buy National Amusements, the holding company of the
Redstone family, as a way to take control of Paramount Global
 PARA.O , Bloomberg News reported on Wednesday.
     urn:newsml:reuters.com:*:nL4N3EE53Q 

 (Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;
AnujaBharat.Mistry@thomsonreuters.com))