Deals of the day-Mergers and acquisitions

PJT Partners

18/09/2024 16:42

(Adds PJT Partners, Rogers Communications, Organon, Eneos
Holdings Updates: Alaska Airlines, Legal & General)
       Sept 18 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1530 GMT on
Wednesday:

        ** PJT Partners  PJT.N , a boutique investment bank, has
entered into an agreement to buy Dubai-based advisory firm
deNovo Partners, which is led by ex-Morgan Stanley Banker May
Nasrallah, deNovo said in a statement on Wednesday.
  
         urn:newsml:reuters.com:*:nL8N3L010W
  
    
        ** Alaska Airlines  ALK.N  said it has completed its
$1.9 billion acquisition of Hawaiian Airlines after it reached
agreement with the U.S. Transportation Department.
  
         urn:newsml:reuters.com:*:nL1N3L00G6
  
    
        ** Rogers Communications  RCIb.TO  said on Wednesday it
had signed an agreement to buy Bell's 37.5% ownership stake in
Maple Leaf Sports & Entertainment (MLSE) for C$4.7 billion
($3.46 billion).
  
         urn:newsml:reuters.com:*:nL4N3L00ZA
  
        
  
        ** Healthcare company Organon  OGN.N  said on Wednesday
it has agreed to acquire skin therapy developer Dermavant, a
unit of Roivant  ROIV.O , for up to $1.2 billion.
  
         urn:newsml:reuters.com:*:nL4N3L00WG
  
        
  
        ** Japan's biggest oil refiner Eneos Holdings  5020.T 
said on Wednesday its renewable energy unit has agreed to buy a
20% stake in Norway's GoliatVind floating offshore wind farm
project to gain knowledge and expertise for use in Japan.
  
         urn:newsml:reuters.com:*:nL1N3L00BT
  
        
  
        ** Legal & General  LGEN.L  has sold its UK housebuilder
CALA Group in a deal worth 1.35 billion pounds ($1.78 billion)
to an acquisition vehicle led by U.S. private assets firm Sixth
Street Partners, as the latter steps up its European investment
drive.
  
         urn:newsml:reuters.com:*:nL4N3L00GW
  
    
    ** The Spanish government has authorised BlackRock  BLK.N 
to take the 20% stake in power utility Naturgy  NTGY.MC  it
bought when taking over investment fund GIP in January, the
Cinco Dias newspaper reported, citing sources at the Economy
Ministry.
     urn:newsml:reuters.com:*:nL8N3L009F
    
    ** Saudi Basic Industries Corp (SABIC)  2010.SE , one of the
world's biggest petrochemicals companies, said it will sell its
minority stake in Aluminium Bahrain (Alba)  ALBH.BH  to Saudi
mining firm Ma'aden for around $1 billion.
     urn:newsml:reuters.com:*:nL4N3L00I7

    ** LaLiga club Girona's co-owner Marcelo Claure has bought a
10% stake in American top-flight club New York City FC, the
Major League Soccer (MLS) side said on Tuesday.
     urn:newsml:reuters.com:*:nL4N3L00AX
    
    ** TelstraSuper, the pension fund arm of telecom major
Telstra  TLS.AX , said  it is exploring a potential merger with
bigger peer Equip Super, which could create a combined fund with
around A$60 billion ($40.57 billion) in management.
     urn:newsml:reuters.com:*:nL4N3L006U
    
    ** Australia's Titan Minerals  TTM.AX   announced plans to
sell up to 80% stake in its Linderos copper project in Ecuador
to a unit of billionaire Gina Rinehart's Hancock Prospecting for
up to $120 million.
    [nL4N3L00

 (Compiled by Nathan Gomes and Rajarshi Roy in Bengaluru)
 ((Nathan.gomes@thomsonreuters.com))