Deals of the day-Mergers and acquisitions

Nu Ride

22/06/2023 20:58

(Adds: Fortress Investment Group, Robinhood Markets, Covestro
AG, Microsoft, Overstock.com, Textron, Shell, Amazon, Lordstown 
Updates: Mumtalakat)
       June 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1955 GMT on
Thursday:
    
        ** Lordstown Motors  RIDE.O  founder and former CEO
Stephen Burns has sold his entire stake in the electric-vehicle
maker, according to a regulatory filing.  urn:newsml:reuters.com:*:nL4N38E24S
  
        
  
        ** Amazon's  AMZN.O  $1.7 billion acquisition of robot
vacuum cleaner maker iRobot  IRBT.O  faces a full-scale EU
antitrust investigation, people familiar with the matter said,
weeks after the U.S. online retail giant won UK approval for the
deal.  urn:newsml:reuters.com:*:nL1N38E1F9
  
        
  
        ** The Church of England Pensions Board said it had
decided to divest its holding in Shell  SHEL.L  over what it
said were insufficient plans to align its strategy to the goal
of limiting global warming to 1.5 degrees Celsius.  urn:newsml:reuters.com:*:nL8N38E3W0
  
        
  
        ** Textron Inc  TXT.N , the manufacturer of Bell
helicopters and Cessna jets, has revived efforts it ended four
years ago to sell a business that makes fuel tanks for cars and
is worth in excess of $1 billion, according to people familiar
with the matter.  urn:newsml:reuters.com:*:nL1N38D3DC
  
    
        ** Shares of Overstock.com  OSTK.O  jumped after the
online retailer won an auction for a portion of the assets of
bankrupt home goods chain Bed Bath & Beyond.  urn:newsml:reuters.com:*:nL4N38E2SM
  
        
  
        ** The U.S. Federal Trade Commission argued in federal
court for a preliminary injunction to temporarily block
Microsoft's  MSFT.O  acquisition of videogame maker Activision
Blizzard  ATVI.O , which would stop the deal from closing before
the government's case against it is heard by an administrative
judge.  urn:newsml:reuters.com:*:nL1N38E1OM
  
    
    ** A group of buyers including Fortress Investment Group may
take over Vice Media after the consortium's $225-million offer
for the bankrupt company emerged as the only "qualified" bid on
the table, according to a legal filing.  urn:newsml:reuters.com:*:nL4N38E27M
    
        ** Robinhood Markets  HOOD.O  is buying financial
technology firm X1 Inc for about $95 million in cash as it looks
for new revenue streams to counter weakness in its mainstay
trading unit.  urn:newsml:reuters.com:*:nL4N38E1FX
  
        
  
    ** German plastics and chemicals maker Covestro AG  1COV.DE 
has rejected an initial takeover proposal from Abu Dhabi
National Oil Co (ADNOC), saying the offer was too low, two
sources familiar with the matter said.  urn:newsml:reuters.com:*:nL1N38E0T9

    ** The Swiss National Bank will consider closely the size of
UBS  UBSG.S  following the completion of its takeover of Credit
Suisse, the central bank's vice-chairman said.  urn:newsml:reuters.com:*:nL8N38D2YY 

    ** Bahrain's state investment fund Mumtalakat said it has
bought the senior preference shareholder stakes in McLaren
Group, as part of a proposed broader restructuring.  urn:newsml:reuters.com:*:nL1N38D3AY
    
    ** SES SA  SESFg.LU  said that it has ceased merger talks
with Intelsat, ending what would have signaled further
consolidation in the rapidly changing satellite internet
industry.  urn:newsml:reuters.com:*:nL4N38D3V1
    
    ** Heavily indebted French supermarket chain Casino
 CASP.PA  announced it would sell its residual equity stake in
Brazilian retailer Assai, representing around 12% of the
company's share capital.  urn:newsml:reuters.com:*:nL8N38E13B
    
    ** The merger between ZEE Entertainment  ZEE.NS  and the
Indian unit of Japan's Sony  6758.T  will go through, "whether
or not" he is the CEO of the merged company, Punit Goenka told
the Economic Times in an interview.  urn:newsml:reuters.com:*:nL4N38E0HX
    
    ** Private equity firm Carlyle plans to sell its entire
2.53% stake in Indian logistics firm Delhivery  DELH.NS  via its
special purpose vehicle for at least $86 million, according to a
term sheet seen by Reuters.  urn:newsml:reuters.com:*:nL4N38E0F8
    
    ** Telix Pharmaceuticals  TLX.AX  rose over 3%  to hit an
all-time high, after the radiopharma company said it would
acquire UK-based medical device firm Lightpoint Medical.
 urn:newsml:reuters.com:*:nL4N38E0D7

    ** Brazilian lender Itau Unibanco reached a deal to acquire
a minority stake in a power plant complex owned by energy
company Eneva's for 1 billion reais ($210 million), Eneva
announced in a securities filing on Wednesday.  urn:newsml:reuters.com:*:nE1N37S024

 (Compiled by Rajarshi Roy, Jaspreet Singh and Arshreet Singh in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))