Deals of the day-Mergers and acquisitions

Pccw

26/06/2024 10:59

June 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** Philips  PHG.AS  shares were up more than 2.5% Wednesday
in the wake of a U.S. Securities and Exchange Commission (SEC)
filing showing Exor  EXOR.AS , the investment arm of Italy's
Agnelli family, has increased its stake in the Dutch healthcare
technology group.  urn:newsml:reuters.com:*:nL1N3IO0A8
    
    ** Japan's JX Advanced Metals, a unit of Eneos Holdings
 5020.T , said it has agreed to sell an additional 19% stake in
the operator of Caserones copper mine in Chile to Canada's
Lundin Mining  LUN.TO  for $350 million.  urn:newsml:reuters.com:*:nL1N3IO08T
    
    ** Nasdaq  NDAQ.O  said it has cancelled plans to sell its
Nordic power trading and clearing business to Europe's biggest
power bourse, the European Energy Exchange (EEX)  T3PA.DE . 
 urn:newsml:reuters.com:*:nL4N3IO0DT
    
    ** British investment trusts Alliance Trust  ATST.L  and
Witan  WTAN.L  have agreed to merge to create a company managing
5 billion pounds ($6.33 billion) of assets, in the latest
example of consolidation in the fund management sector. 
 urn:newsml:reuters.com:*:nL4N3IO0KF
    
    ** U.S. meal delivery group Doordash  DASH.O  flagged an
interest in a takeover of Britain's Deliveroo  ROO.L  last
month, two people familiar with the matter told Reuters.
 urn:newsml:reuters.com:*:nL1N3IO07C
    
    ** Investment funds Antin  ANTIN.PA , Cinven, CVC  CVC.AS ,
KKR  KKR.N  and Permira have filed offers to buy Spanish
pharmaceutical company Rovi's  ROVI.MC  third-party
manufacturing business, newspaper Expansion reported citing
unidentified market sources.  urn:newsml:reuters.com:*:nL1N3IO063
    
    ** British insurer Phoenix Group Holdings  PHNX.L  said it
plans to explore a potential sale of its SunLife business. 
 urn:newsml:reuters.com:*:nL4N3IO0DO
    
    ** Zurich Insurance  ZURN.S  announced a $600 million deal
to buy AIG's  AIG.N  global personal travel insurance and
assistance business.  urn:newsml:reuters.com:*:nL8N3IO04Q
    
    ** Vedanta Resources will sell a 2.6% stake in Indian
metals-to-oil firm Vedanta  VDAN.NS  to a group of institutional
investors, the former said in a statement.  urn:newsml:reuters.com:*:nL4N3IO0B6
    
    ** Investment holding company PCCW  0008.HK  said it would
sell a 40% stake in Regional Link Telecom Services through a
unit for $870 million to CM Capital.  urn:newsml:reuters.com:*:nL4N3IN1NN
    
    ** Private equity firm Kimmeridge, through its subsidiary
Kimmeridge Texas Gas, has acquired a 90% stake in proposed U.S.
liquefied natural gas export project Commonwealth LNG, it said
on Tuesday.  urn:newsml:reuters.com:*:nL1N3IN10N

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