Deals of the day-Mergers and acquisitions

Sculptor Capital Management

21/08/2023 11:07

Aug 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1000 GMT on Monday:

    ** Hedge fund firm Sculptor Capital Management  SCU.N  said
on Sunday it has received an unsolicited bid from a third party
that had participated in a strategic alternatives process, but
the bid did not show "adequate committed funding".
     urn:newsml:reuters.com:*:nL1N3A200U
    
    ** Materials and chemicals maker DuPont De Nemours Inc
 DD.N  is in advanced talks to sell its Delrin resins unit to
private equity firm The Jordan Company for about $1.8 billion,
Bloomberg News reported on Sunday, citing people familiar with
the matter.
     urn:newsml:reuters.com:*:nL1N3A10KS
    
    ** U.S. insurance broker Marsh, a unit of Marsh & McLennan
 MMC.N , said on Sunday that it would acquire Australia's Honan
Insurance Group. Marsh didn't disclose terms of the acquisition.
     urn:newsml:reuters.com:*:nL1N3A10J6
    
    ** Investment firm GQG Partners raised its stake in Adani
Ports And Special Economic Zone Ltd  APSE.NS  on Aug. 17 to
5.03% after buying more shares, GQG said in a disclosure on
Saturday.
     urn:newsml:reuters.com:*:nL1N3A007O
    
    ** India's Tata Group-owned Titan Co  TITN.NS  will raise
its stake in its subsidiary CaratLane Trading by 27.2% for 46.21
billion rupees ($555.8 million), the parent company said in an
exchange filing on Saturday.
     urn:newsml:reuters.com:*:nL1N3A0052

 (Compiled by Rajarshi Roy and Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com;))