Deals of the day-Mergers and acquisitions

Pacific Current

16/11/2023 11:21

Nov 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1100 GMT on Thursday
:

    ** Britain's Hotel Chocolat  HOTC.L  agreed to a 534 million
pound ($662 million) takeover offer from Mars Inc, as the
specialist chocolatier succumbs to the U.S. food giant to help
it grow internationally, netting its founders a tidy profit.
     urn:newsml:reuters.com:*:nL8N3CH2CN
    
    ** Sime Darby Bhd  SIME.KL  has obtained shareholders'
approval to acquire automotive-to-manufacturing company UMW
Holdings Bhd  UMWS.KL , the Malaysian conglomerate said in a
statement.
     urn:newsml:reuters.com:*:nL4N3CH2B9
    
    ** Shareholders in Japan's Asahi Group Holdings  2502.T 
will sell some $1.3 billion worth of stock in the brewer to
overseas investors, the company said, in the latest unwinding of
cross-shareholdings among big Japanese firms.
     urn:newsml:reuters.com:*:nL1N3CH0KU
        
    ** A reverse takeover deal involving Amigo Holdings
 AMGO.L , Craven House Capital and various individuals signed
last month has been terminated, the British subprime lender said
 as it faces voluntary liquidation.
     urn:newsml:reuters.com:*:nL1N3CH0JB
    
    ** Norwegian telecoms operator Telenor  TEL.OL  said it has
agreed to sell its subsidiary Telenor Satellite to
government-owned Space Norway for 2.36 billion Norwegian crowns
($217.37 million).
     urn:newsml:reuters.com:*:nL8N3CH2GI
    
    ** Commonwealth Bank of Australia (CBA)  CBA.AX  said it
will sell its 99% stake in Indonesian unit PT Bank Commonwealth
(PTBC) to Singapore's OCBC  OCBC.SI , exiting a non-core
business after more than two decades.
     urn:newsml:reuters.com:*:nL4N3CH0RP
    
    ** Hong Kong-based Oasis Management could go to court to
seek a higher price for trading house Itochu's  8001.T  $2.7
billion acquisition of a subsidiary through a so-called
appraisal process, the founder of the activist fund said
Thursday.
     urn:newsml:reuters.com:*:nL4N3CH0QN
        
    ** Australia's Pacific Current Group  PAC.AX  has ended
buyout talks with GQG Partners  GQG.AX  and River Capital,
saying it did not receive any binding offers from the suitors.
     urn:newsml:reuters.com:*:nL4N3CG4W4
    
    ** Karoon Energy  KAR.AX  announced deals worth $720 million
 to buy stakes in certain offshore oil and gas fields in the
Gulf of Mexico from U.S.-based LLOG Exploration, in a move to
diversify operations beyond Brazil and Australia.
     urn:newsml:reuters.com:*:nL4N3CG4T5

    ** Italy's state-controlled defence and aerospace group
Leonardo  LDOF.MI  on Wednesday said it would sell a 6.3%
minority stake in its U.S. subsidiary Leonardo DRS  DRS.O  on
the market.
     urn:newsml:reuters.com:*:nL1N3CG39M
    
    ** EQS Group AG  EQSn.DE  said on Wednesday it is in
advanced talks with U.S. private equity firm Thoma Bravo
regarding a takeover of the Frankfurt-listed company.
     urn:newsml:reuters.com:*:nL4N3CG4P9
    
    ** Photoshop maker Adobe  ADBE.O  expects to get an EU
antitrust warning on its $20 billion bid for cloud-based
designer platform Figma and is open to proposing remedies to
resolve regulatory concerns, its chief counsel told Reuters on
Wednesda
     urn:newsml:reuters.com:*:nL1N3CG32S
    
    ** Canadian businessman Pierre Lassonde on Wednesday said he
is "mystified" by Teck Resources'  TECKb.TO  decision to sell
its coal unit to a Glencore-led  GLEN.L  consortium for $9
billion because his group had bid the same price.
     urn:newsml:reuters.com:*:nL1N3CG2NA

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