Deals of the day-Mergers and acquisitions

Sheela Foam

28/12/2022 11:12

Dec 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 10:30 a.m. GMT on
Wednesday:
    ** Brazilian transportation infrastructure company CCR SA
 CCRO3.SA  said late on Tuesday it had agreed to sell fiber
optic subsidiary Samm to Luna Fibra for 245 million reais
($46.29 million).
    ** ABB  ABBN.S  has completed the sale of its remaining
19.9% stake in the power grids business it sold to Hitachi
 6501.T , the Swiss engineering and technology group said.
    ** Indian mattress maker Sheela Foam Ltd  SHEF.NS  will soon
acquire competitor Kurlon for 20 billion rupees ($241.29
million), ET Now reported, citing sources.
    ** Crypto miner Argo Blockchain  ARB.L  said it will sell
its mining facility Helios for $65 million and refinance a new
asset-backed loan as it seeks to avoid bankruptcy, sending its
London-listed shares soaring.
    ** Australia's Nitro Software  NTO.AX  rejected an
alternative takeover offer from private-equity (PE) firm
Potentia Capital, which gave Nitro shareholders the choice of an
all-cash, stock, or a combination of both, at the same offer
price. 
    ** Malaysian consumer-to-property conglomerate Berjaya Corp
 BGRO.KL  is evaluating a "major potential acquisition"
involving a licensed entity governed by the Malaysian central
bank, it said in a stock filing late Tuesday.
    ** Australia's Genex Power  GNX.AX  said  that a consortium
led by Atlassian  TEAM.O  co-founder Scott Farquhar had dropped
its proposal to buy the renewable energy developer for A$346.3
million ($233.06 million).
 (Compiled by Rajarshi Roy and Aditya Samal)
 ((Rajarshi.Roy@thomsonreuters.com;))