Deals of the day-Mergers and acquisitions

Schaeffler AG

15/11/2023 11:01

Nov 15 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on
Wednesday:

    ** German financial regulator BaFin has approved
Schaeffler's  SHA_p.DE  voluntary public tender offer to acquire
Vitesco  VTSCn.DE  shares, the German EV components maker said .
     urn:newsml:reuters.com:*:nL8N3CG3TX
    
    ** Glencore's  GLEN.L  deal to buy Teck Resources'
 TECKb.TO  steelmaking coal unit shows how cheap fossil fuels
can be a lucrative option for companies - for a decade or two at
least - even as they are phased out in favour of renewable
energy.
     urn:newsml:reuters.com:*:nL1N3CG0SN
    
    ** Japan's Tsuruha Holdings Inc  3391.T  is considering
selling the entire company for about $4 billion or even more,
after a proxy battle with activist investor Oasis Management,
Bloomberg News reported, citing people familiar with the matter.
     urn:newsml:reuters.com:*:nL4N3CG0WM
    
    ** Lithium miner Livent  LTHN.N  said its proposed $10.6
billion merger with Australia's Allkem  AKE.AX  had received all
the required pre-closing regulatory approvals.
     urn:newsml:reuters.com:*:nL4N3CF436
    
    ** Real estate investment trust Boston Properties  BXP.N 
has agreed to sell a 45% interest in two Massachusetts-based
life sciences development properties to Norges Bank Investment
Management at a gross valuation of about $1.66 billion.
     urn:newsml:reuters.com:*:nL4N3CF2G5

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