Deals of the day-Mergers and acquisitions

RHI Magnesita

01/04/2024 20:53

(Adds Advent International, Aditya Birla Fashion)
       April 1 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1930 GMT on Monday:
    
    ** Private equity firm Advent International has agreed to
buy Canada's Nuvei  NVEI.TO  in an all-cash deal that values the
Ryan Reynolds-backed payments technology firm at $6.30 billion.
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    ** Apparel retailer Aditya Birla Fashion and Retail (ABFRL)
 ADIA.NS  said it was planning to demerge Madura Fashion &
Lifestyle into a separate listed entity. 
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    ** Kimmeridge Energy Management said  it remained ready to
engage with SilverBow Resources  SBOW.N  over its takeover bid,
days after the U.S. oil and gas producer rejected the latest
offer that valued it at $2.1 billion including debt.
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    ** Vienna-based fireproof materials maker RHI Magnesita
 RHIM.VI  plans to buy Resco Group, a U.S.-based producer of
alumina and refractories for an enterprise value of up to $430
million, the companies said.
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    ** Discover Financial Services  DFS.N  or Capital One
Financial  COF.N  will pay a termination fee of $1.38 billion if
the merger of the firms falls through under certain
circumstances, a regulatory filing showed on Thursday.
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    ** Formula One's U.S.-based owner Liberty Media have
announced a takeover of MotoGP's parent company Dorna, valuing
the world's leading motorcycle racing championship at 4.2
billion euros ($4.53 billion), MotoGP said in a statement.
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    ** Russian lender Sovcombank  SVCB.MM   said it had received
regulatory approval to acquire Home Bank, a leader in commodity
lending.
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    ** Singapore's competition watchdog had looked into the
likelihood of the now-collapsed talks between Grab Holdings
 GRAB.O  and Delivery Hero  DHER.DE  raising worries about
competition in the food delivery market, the regulator said .
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    ** Nippon Steel  5401.T  intends to pursue its proposed
acquisition of U.S. Steel  X.N  and wants its "deep roots" in
the United States to be recognised, its new president said -
remarks that come after U.S. President Joe Biden expressed
opposition to the deal.
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 (Compiled by Rajarshi Roy and Granth Vanaik in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))