Deals of the day-Mergers and acquisitions

Orkla ASA

26/10/2023 14:43

(Adds: Macquarie, Worthy Updates: Stellantis)
       Oct 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Thursday:

        ** Asset manager Macquarie  MQG.AX  said it did not
intend to make an offer for London-listed Renewi  RWI.L ,
sending the waste management firm's shares tumbling more than
26% in afternoon trade.
  
         urn:newsml:reuters.com:*:nL4N3BW4BW
  
        
  
        ** Stellantis said it is buying a 21% stake in EV maker
Leapmotor in a $1.6 billion deal that will give it a fresh shot
in China, the world's biggest car market by sales, and the
smaller Chinese carmaker a European foothold.
  
         urn:newsml:reuters.com:*:nL4N3BV67P
  
        
  
        ** Privately held U.S. fine jewelry and luxury watch
marketplaces Worthy and CIRCA Jewels told Reuters they will
merge to create a company worth more than $100 million.
  
         urn:newsml:reuters.com:*:nL1N3BV30D
  

    ** Norwegian conglomerate Orkla  ORK.OL  said that private
equity group Rhone will acquire a 40% stake in Orkla Food
Ingredients (OFI) in a deal that gives OFI an enterprise value
of 15.5 billion Norwegian crowns ($1.38 billion).
     urn:newsml:reuters.com:*:nL8N3BW10L
    
    ** Chile's SQM  SQMA.SN  will buy the rest of Australian
lithium developer Azure Minerals that it doesn't already own for
$900 million, as chemicals makers fight to secure earlier stage
supply of raw materials for the electric vehicle industry.
     urn:newsml:reuters.com:*:nL4N3BV6AQ
    
    ** Private equity firm Silver Lake said on Wednesday it was
working on a proposal to take talent and media company Endeavor
Group Holdings  EDR.N  private, after Endeavor announced it had
begun a review to explore alternatives that better value the
company.
     urn:newsml:reuters.com:*:nL4N3BV58Q

 (Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))