Deals of the day-Mergers and acquisitions

Pacific Current

28/09/2023 16:52

(Adds: Chico's FAS, Macquarie, Eutelsat, Mubadala; Updates:
Gazprombank Group)
       Sept 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1545 GMT on
Thursday:

        ** Chico's FAS  CHS.N  will be taken private by Sycamore
Partners for $938.1 million in an all-cash deal, the apparel
retailer said, sending its shares surging 63% in premarket
trading.
  
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        ** Asset manager Macquarie said it is considering a
possible cash offer for London-listed Renewi  RWI.L  which would
value the waste management firm at 636 million pounds (about
$775 million).
  
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        ** French satellite company Eutelsat  ETL.PA , the
world's third-biggest satellite operator by revenue, said  it
had completed the all-share merger with Britain's OneWeb to
become Eutelsat Group, sending its shares as much as 6% higher.
  
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        ** Mubadala is in talks to acquire a stake of less than
10% in India's Manipal Hospitals, in what could be the Abu Dhabi
sovereign fund's first investment in the booming Indian
healthcare space, people with direct knowledge said.
  
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        ** Gazprombank Group has bought 14 MEGA shopping centres
in Russia from a unit of IKEA store operator Ingka Group for an
undisclosed price, the companies said on Thursday, in the latest
exit from Russian business by a Western company following the
Ukraine conflict.
  
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    ** Australia's Regal Partners  RPL.AX  has walked away from
its proposed A$573.5 million ($364.34 million) offer to buy
local asset manager Pacific Current Group  PAC.AX , saying it
had no confidence in the acquisition process.
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    ** Instem Plc's  INS.L  second-largest shareholder, BGF, on
said it does not support French private equity firm Archimed's
203 million pounds ($246.5 million) offer for the British life
sciences software company.
     urn:newsml:reuters.com:*:nL4N3B41KQ
    
    ** HSBC  HSBA.L  is set to acquire Citigroup's  C.N  China
consumer wealth management business, which manages more than $3
billion in assets, two sources with knowledge of the matter
said, in a major boost to the London-based bank's business in
that country.
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    ** Britain's antitrust regulator said Turkish domestic
appliances maker Arcelik's  ARCLK.IS  proposed purchase of
Whirlpool's  WHR.N  appliances business in Europe will be
referred for a more in-depth probe.
     urn:newsml:reuters.com:*:nL4N3B419F
    
    **  French energy company TotalEnergies  TTEF.PA  announced 
the finalisation of the sale of a 40% stake in Block 20 in the
Kwanza Basin in Angola, to Petronas, and said the transaction
was completed for $400 million.
     urn:newsml:reuters.com:*:nFWN3B31NY
    
    ** Australian lithium major Allkem  AKE.AX  said that it has
received, or will soon receive, the necessary competition and
foreign investment approvals for its planned $10.6 billion
merger with Livent  LTHM.N .
     urn:newsml:reuters.com:*:nL4N3B40JU
    
    ** PGA Tour said its planned merger with Saudi-backed LIV
Golf and DP World Tour has garnered unsolicited interest from
investors as it continues to finalise an agreement with the
Public Investment Fund and the DP World Tour.
     urn:newsml:reuters.com:*:nL4N3B34R7
    
    ** Indian conglomerate Vedanta Ltd  VDAN.NS  will separate
its commodities businesses into four companies to get better
valuations, a source with direct knowledge of the move told
Reuters. 
     urn:newsml:reuters.com:*:nL4N3B40LC

 (Compiled by Rajarshi Roy and Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))