Deals of the day-Mergers and acquisitions

Pccw

26/06/2024 21:20

(Adds Legal & General, Rapid7, Edison and International
Resources Holding)
       June 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Wednesday:
    
    ** Legal & General's  LGEN.L  investment management unit
said that it is selling its stake in global commodities trader
Glencore  GLEN.L  this year on concerns over its production of
thermal coal.  urn:newsml:reuters.com:*:nL4N3IO0N7
    
    ** Jana Partners, the activist investor that has
successfully pushed for the sale of multiple companies, has
built a stake in Rapid7 and is urging the cybersecurity company
to sell itself, a person familiar with the matter said.
 urn:newsml:reuters.com:*:nL1N3IO0SW
    
     ** Edison  EDNn.MI  has acquired a 50% stake in a special
purpose company aimed at developing a 975 megawatt (MW) offshore
floating wind project in Sicily, the utility said.  urn:newsml:reuters.com:*:nL8N3IO1F0
    
    ** International Resources Holding (IRH), the mining
investment arm of United Arab Emirates' richest company, is
among investors holding talks on buying into Vedanta Resources'
Zambian copper assets, a senior Vedanta executive told Reuters.
 urn:newsml:reuters.com:*:nL1N3IO0HO

        ** German engineering group Robert Bosch is weighing a
bid for U.S. appliances manufacturer Whirlpool  WHR.N ,
according to three people familiar with the matter, a move that
would boost its position in the household appliances market.
 urn:newsml:reuters.com:*:nL4N3IO113
    
    ** Haleon  HLN.L  will sell its nicotine replacement therapy
business outside the U.S. to a unit of India's Dr. Reddy's
 REDY.NS  for 500 million pounds ($632.55 million), the British
consumer healthcare company said.  urn:newsml:reuters.com:*:nL4N3IO0ZF  
    
    ** Rovi  ROVI.MC  has received non-binding offers for its
third-party manufacturing business, the Spanish pharmaceuticals
firm said , without disclosing the names of the bidders. 
 urn:newsml:reuters.com:*:nL1N3IO0F9 
    
    ** MNC Capital has increased its bid to acquire sporting and
outdoor goods company Vista Outdoor  VSTO.N  to $3.2 billion,
the investment firm said.  urn:newsml:reuters.com:*:nL4N3IO0S1  
    
    ** Qatar Airways is in talks to buy up to a 20% stake in
Bain Capital-owned Virgin Australia, the Australian Financial
Review (AFR) reported , as carriers fight for more market share
in the country against dominant airline Qantas  QAN.AX . 
 urn:newsml:reuters.com:*:nL4N3IO0XO   
    
    ** Private equity giant Blackstone  BX.N  has agreed to buy
British hotel operator Village Hotels, the company said, part of
a wider investor push into the hospitality sector as it
outperforms the broader commercial property market.  urn:newsml:reuters.com:*:nL8N3IO0K8
    
    ** 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

    ** 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, Abhinav Parmar and Tanay Dhumal in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))