Deals of the day-Mergers and acquisitions

Orora

30/08/2023 12:56

Aug 30 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1130 GMT on
Wednesday:

    ** Shares in Instem Plc  INS.L  soared over 39% after the
British life sciences software company agreed to a take-private
deal with French private equity firm Archimed SAS for 203
million pounds ($256.5 million).
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    ** U.S. vision systems company Cognex said it has agreed to
buy Japanese optical component producer Moritex Corp for 40
billion yen ($273.49 million) in its largest acquisition to
date, as it seeks to increase its market presence in Japan.
     urn:newsml:reuters.com:*:nL4N3AB1CF

    ** Hyundai Motor Group said that it would acquire a 5% stake
in Korea Zinc  010130.KS  for 527.2 billion won ($397.74
million).
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    ** U.S. health insurer Centene  CNC.N  is selling its chain
of GP clinics and the largest private hospital group in the UK
as it drops plans to make inroads into Britain's healthcare
system, the Financial Times reported.
     urn:newsml:reuters.com:*:nL4N3AB0YO

    ** Australian packaging firm Orora Ltd  ORA.AX  confirmed 
it was in advanced discussions regarding a potential acquisition
of French high-end glass bottles manufacturer Saverglass SAS.
     urn:newsml:reuters.com:*:nL4N3AB0RL
    
    ** Seven & i Holdings  3382.T  will sell department store
unit Sogo & Seibu on Sept. 1, a source with direct knowledge of
the matter said, triggering a plan for a walk-out at a flagship
store in what would be Japan's first major strike in decades.
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    ** Chinese private-equity firm Trustar Capital said it plans
to sell Moritex Corporation to U.S.-based Cognex  CGNX.O , and
expects to conclude the transaction in the next few months.
     urn:newsml:reuters.com:*:nL4N3AB0LM
    
    ** Mexican bottler and retailer Femsa  FEMSAUBD.MX  said it
has reached an agreement with U.S. distributor Bradyifs to
create a supply platform for cleaning products, food disposable
and packaging in the United States.
     urn:newsml:reuters.com:*:nE1N39V01J

 (Compiled by Rajarshi Roy and Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com))