Deals of the day-Mergers and acquisitions

Saras SpA

26/04/2024 15:23

(Adds: Silica Holdings, I Squared Capital, Updates: Anglo
American, Thyssenkrupp, Thoma Bravo, OTP Bank)
       April 26 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Friday:

        ** Anglo American  AAL.L  rejected rival miner BHP
Group's  BHP.AX  31.1 billion pound ($39 billion) takeover
proposal , saying the bid significantly undervalued the
London-listed company and its future prospects.
  
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        ** U.S. Silica Holdings  SLCA.N  said  it has signed a
deal to be acquired by funds managed by affiliates of investment
firm Apollo  APO.N  in a $1.85 billion deal, sending shares of
the frac sand miner up 19.1% in premarket trading.
  
         urn:newsml:reuters.com:*:nL3N3GZ3GB    
  
    
        ** Thyssenkrupp will sell a 20% stake in its steel
business to the energy holding controlled by Czech billionaire
Daniel Kretinsky, a major breakthrough for the German
conglomerate after years of unsuccessful attempts to divest the
unit.
  
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        ** Amber, a vehicle of infrastructure fund I Squared
Capital Advisors and TDR Capital, submitted the highest bid for
Spain's Applus+, Spanish regulator CNMV said , valuing the
industrial testing firm at 1.65 billion euros ($1.77 billion).
  
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        ** Private equity firm Thoma Bravo agreed to buy
Britain's Darktrace  DARK.L  for $5.32 billion in cash , saying
it would use its software expertise to drive growth at the Mike
Lynch-backed cybersecurity company.
  
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        ** Hungary's OTP Bank  OTPB.BU  is preparing for its
biggest acquisition so far after making an indicative offer to a
bank operating in the European Union, its CEO said.
  
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    ** Buyout firm L Catterton has agreed to buy a majority
stake in family-owned KIKO Milano in a deal which a source close
to the matter said valued the Italian accessible make-up maker
at around 1.4 billion euros ($1.5 billion) including debt.
     urn:newsml:reuters.com:*:nL5N3GZ34I

    ** Italy's government has given a conditional green light to
Vitol's plan to take over oil refiner Saras  SRS.MI , the global
commodity trader said in a statement.
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    ** Private equity firm GTCR has agreed to pay $2.7 billion
to buy AssetMark Financial  AMK.N , in a deal that would take
the wealth management platform private more than five years
after its initial public offering.
     urn:newsml:reuters.com:*:nL3N3GY382
    
    ** The U.S. Federal Communications Commission said on
Thursday it will approve the T-Mobile US  TMUS.O  deal to buy
Ka'ena Corp, the owner of budget service provider Mint Mobile,
for up to $1.35 billion.
     urn:newsml:reuters.com:*:nL2N3GY3RM

 (Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com
AnujaBharat.Mistry@thomsonreuters.com))