Deals of the day-Mergers and acquisitions

Schaeffler AG

18/12/2023 11:14

Dec 18 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Monday:

    ** German auto supplier Schaeffler  SHA_p.DE  has sold its
Russian business to a company called PromAvtoConsult, Russian
company filings showed, the latest Western company to exit the
country since Moscow's February 2022 invasion of Ukraine.
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    ** Iliad  ILD.PA  said it had submitted a proposal to
Vodafone  VOD.L  to merge their Italian units, a move that would
combine its fast-growing consumer base with the British
company's strength in business in a highly competitive market.
     urn:newsml:reuters.com:*:nL8N3DD1BO
    
    ** IBM  IBM.N  said that it would buy Software AG's
 SOWGn.DE  enterprise integration platforms for 2.13 billion
euros ($2.33 billion) to bolster its artificial intelligence and
hybrid cloud offerings.
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    ** OCI's  OCI.AS  shares jumped nearly 12% after the
European chemicals maker said it had agreed to sell its stake in
Iowa Fertilizer Company to Koch AG & Energy Solutions for $3.6
billion.
     urn:newsml:reuters.com:*:nL1N3DD0CD
    
    ** Consumer goods giant Unilever  ULVR.L  said it would sell
Elida Beauty, its non-core beauty and personal care division, to
U.S. private equity firm Yellow Wood Partners.
     urn:newsml:reuters.com:*:nL4N3DD1BL
    
    ** Shares of Australia's Pacific Smiles Group  PSQ.AX  rose
nearly 19% and were on track for their best day in 44 months,
after the dental centre operator received a A$223.4 million
($150 million) takeover offer from Genesis Capital Manager I.
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    ** Mitsubishi UFJ Financial Group  8306.T  will buy
Australian pension administration firm Link Administration
 LNK.AX  in a A$1.2 billion ($802.7 million) deal, as Japan's
largest banking group boosts its fund administrator business.
     urn:newsml:reuters.com:*:nL1N3DC0FG
    
    ** Australian construction materials firm Adbri  ABC.AX 
said it is in exclusive talks with CRH  CRH.N  and the Barro
Group for the two companies to buy shares that Barro does not
already own, in a deal worth about A$2.1 billion ($1.41
billion).
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 (Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))