Deals of the day-Mergers and acquisitions

Newriver Reit

24/09/2024 10:47

Sept 24 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 0930 GMT on
Tuesday:

    ** KKR & Co  KKR.N  and Singaporean sovereign wealth fund
GIC have appointed Bank of America  BAC.N , Jefferies  JEF.N ,
and UBS  UBSG.S  to sell their majority stake in the
Philippines' Metro Pacific Health in a deal that could value the
company at $3.2 billion, three people with knowledge of the
matter said. urn:newsml:reuters.com:*:nL6N3L607I
    
    ** Swiss duty-free retailer Avolta  AVOL.S  said it would
acquire 100% of Free Duty from Hong Kong-based NWS Holdings
 0659.HK . urn:newsml:reuters.com:*:nL8N3L60FV

    ** Shares of Miniso Group Holding  9896.HK  plunged as much
as 39.2% to HK$20 ($2.57) after the company said it would take a
stake in embattled Chinese supermarket operator Yonghui
Superstores  601933.SS . urn:newsml:reuters.com:*:nL1N3L6020
    
    ** British homeware retailer Dunelm's  DNLM.L  top
shareholder, Will Adderley, and his private investment firm have
sold a 4.9% stake in the company for 11.4 million pounds ($15.22
million) to institutional investors, bookrunner Barclays
said. urn:newsml:reuters.com:*:nL4N3L60M8
    
    ** UK engineering firm Smiths Group  SMIN.L  said it was
acquiring U.S.-based Modular Metal Fabricators and Canada's
Wattco for up to 110 million pounds ($146.89 million), in a bid
to expand its global presence. urn:newsml:reuters.com:*:nL4N3L60M5
    
    ** Britain's NewRiver REIT  NRRT.L  will buy smaller rival
Capital & Regional Plc  CAL.L  in a stock-and-cash deal valued
at about 147 million pounds ($196.1 million), the shopping
centres and retail parks owner said. urn:newsml:reuters.com:*:nL4N3L60ML
    
    ** United Arab Emirates' renewable energy company Masdar
said it has reached an agreement to buy green energy firm Saeta
Yield from Canada's Brookfield  BAM.TO  in a deal valuing the
company at $1.4 billion. urn:newsml:reuters.com:*:nL8N3L51G4
    
    ** The U.S. Federal Trade Commission is expected to
greenlight U.S. oil producer Chevron's  CVX.N  purchase of Hess
 HES.N  as soon as this week, two people familiar with the
matter said, leaving Exxon Mobil's  XOM.N  challenge to the $53
billion deal as its final hurdle. urn:newsml:reuters.com:*:nL1N3L50ZN
    
    ** California Bank & Trust, a unit of Zions Bancorporation
 ZION.O , said on Monday it plans to acquire four branches of
FirstBank in Palm Desert and Indio to expand its presence in the
state's Coachella Valley. urn:newsml:reuters.com:*:nL4N3L519F    

 (Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))