Deals of the day-Mergers and acquisitions

Sanken Electric

08/02/2021 11:08

Feb 8 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1100 GMT on Monday:

    ** French Finance Minister Bruno Le Maire slammed utility
Veolia's  VIE.PA  latest move to bypass the board of rival Suez
 SEVI.PA  with a new takeover offer for Suez, describing it as
an "unfriendly" manoeuvre.  urn:newsml:reuters.com:*:nL1N2KE0F8
    
    ** Angola has asked a Dutch court to hand over a
half-billion-dollar stake in the Portuguese oil company Galp
linked to ex-first daughter Isabel Dos Santos, its lawyers told
Reuters.  urn:newsml:reuters.com:*:nL1N2KE0ML
    
    ** British online fashion retailer Boohoo has bought the
Dorothy Perkins, Wallis and Burton brands from the
administrators of Arcadia for 25.2 million pounds ($34.6
million), completing the break-up of Philip Green's empire.
 urn:newsml:reuters.com:*:nL8N2KE132
    
    ** Renesas Electronics Corp  6723.T  and Dialog
Semiconductor  DLGS.DE  said they had agreed for the Japanese
chipmaker to buy the Frankfurt-listed design bureau for 4.9
billion euros ($5.9 billion) in cash.  urn:newsml:reuters.com:*:nL8N2KD0BI
    
    ** Private equity firm TDR Capital has made a fourth offer
for European investor and asset manager Arrow Global, TDR said,
at a price of 305 pence per share.  urn:newsml:reuters.com:*:nL1N2KE0HC
    
    ** Singapore-based activist hedge fund Effissimo Capital
Management said it would launch a tender offer to buy up to 30%
of Japan's Sanken Electric Co  6707.T .  urn:newsml:reuters.com:*:nT9N2K000H
    
    ** British power producer Drax  DRX.L  said it would buy
Canada-based Pinnacle Renewable Energy Inc  PL.TO  in a deal
with an implied enterprise value of C$741 million ($580.58
million) including debt.  urn:newsml:reuters.com:*:nL4N2KE1V3
    
    ** Sweden's Castellum  CAST.ST  said it was withdrawing its
bid for Norwegian real estate firm Entra  ENTRA.OL  as the offer
has not won enough backing.  urn:newsml:reuters.com:*:nL8N2KE16N
    
    ** Dutch paints and coatings maker Akzo Nobel  AKZO.AS  has
given up efforts to buy Finnish rival Tikkurila  TIK1V.HE , it
said, four days after U.S. group PPG Industries  PPG.N  topped
its bid.  urn:newsml:reuters.com:*:nL1N2KE0EZ
    
    



 (Compiled by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))