Deals of the day-Mergers and acquisitions

Picturehouse Media

07/03/2023 10:44

(Adds Brandenburger Urstromquelle, Picturehouse, Ritchie Bros)
       March 7 (Reuters) - The following bids, mergers, acquisitions and
disposals were reported by 1700 GMT on Tuesday:

        ** Germany's Economy Ministry has cleared the sale of drinks company
Brandenburger Urstromquelle to Austria-based Red Bull despite the buyer's Hong
Kong connection, German business daily Handelsblatt reported.  urn:newsml:reuters.com:*:nS8N34M06L
  
    
        ** Picturehouse founder Lyn Goleby has held talks with London-based Vue
International, a reported bidder for Cineworld  CINE.L , about buying back the
chain that was sold to the bankrupt cinema operator in 2012, Sky News said.
 urn:newsml:reuters.com:*:nL4N35F2Z8
  
        
  
        ** Canada's Ritchie Bros Auctioneers  RBA.TO  said it would pay a
special dividend of $1.08 per share to its investors if they back its $7-billion
deal for U.S. auto retailer IAA Inc  IAA.N .  urn:newsml:reuters.com:*:nL4N35F31F
  
    
    ** John Wood Group  WG.L  said it may reject a sweetened 1.64 billion pound
($1.98 billion) buyout proposal from private-equity firm Apollo Global
Management Inc  APO.N , as it still undervalued the British oilfield services
and engineering company.  urn:newsml:reuters.com:*:nL4N35F279
    
    ** South Korean tech group Kakao launched a 1.25 trillion won ($962 million)
offer for K-pop agency SM Entertainment  041510.KQ  , escalating a takeover
battle with BTS manager HYBE, whose proposal did not win enough support from SM
investors.  urn:newsml:reuters.com:*:nL1N35E2JY
    
    ** The chief executive of Macquarie Group Ltd  MQG.AX   dismissed as
speculation reports the Australian investment bank was exploring a takeover bid
of about 5 billion pounds ($6 billion) for British money manager M&G  MNG.L .
 urn:newsml:reuters.com:*:nL1N35F0EM
    
    ** South Africa's Sibanye-Stillwater  SSWJ.J  said  it now controlled nearly
71% stake in New Century Resources  NCZ.AX , two weeks after launching an
unsolicited takeover bid as it lost confidence in the Australian zinc miner's
board.  urn:newsml:reuters.com:*:nL4N35F0JF
    
    ** Australian funeral services provider InvoCare Ltd  IVC.AX  said it
received a non-binding takeover offer from U.S. private equity firm TPG Global
for A$1.81 billion ($1.22 billion), sending its shares 39.1% higher.
 urn:newsml:reuters.com:*:nL4N35E3PW
    
    ** Paramount Global  PARA.O  is mulling the possible sale of a majority
stake in BET Media Group, which includes the BET cable network, BET Studios and
VH1, a source with knowledge of the matter told Reuters.  urn:newsml:reuters.com:*:nL1N35F01X
    
    ** WW International Inc  WW.O , known as WeightWatchers, said on Monday it
is acquiring subscription telehealth platform Sequence, moving the weight-loss
program operator into the obesity drug prescription business.  urn:newsml:reuters.com:*:nL4N35E3ZN
    
    ** JetBlue Airways Corp  JBLU.O  said on Monday it believes there is a "high
likelihood" the U.S. Justice Department will file an antitrust lawsuit this week
to block its $3.8 billion takeover of low-cost rival Spirit Airlines Inc
 SAVE.N .  urn:newsml:reuters.com:*:nL4N35E35H
    
    ** Altria Group Inc  MO.N  said on Monday it would buy startup NJOY Holdings
Inc for about $2.75 billion in cash, in a fresh bet by the Marlboro maker on the
e-cigarette market after losing billions through its investment in Juul.
 urn:newsml:reuters.com:*:nL4N35E2BQ

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