Deals of the day-Mergers and acquisitions

Shyft

16/12/2024 14:40

(Adds: Carlyle, Berkshire Hills Bancorp, Phillips 66, Updates:
Wee Hur Holdings)
       Dec 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Monday:

        ** Private equity firm Carlyle has agreed to sell
Italian firm Forgital, which manufactures forged components
mainly for the aerospace sector, to U.S. alternative investment
firm Stonepeak, the two companies said.  urn:newsml:reuters.com:*:nS8N3L1089
  
        
  
        ** Berkshire Hills Bancorp  BHLB.N  and Brookline
Bancorp  BRKL.O  have agreed to merge in an all-stock deal
valued at about $1.1 billion, the regional lenders said.
 urn:newsml:reuters.com:*:nL4N3NH0YU
  
        
  
        **  Phillips 66  PSX.N  said that it will sell a 25%
non-operating equity interest in the Gulf Coast Express Pipeline
to ArcLight Capital Partners for about $865 million.
 urn:newsml:reuters.com:*:nL4N3NH0V3
  
        
  
        ** Wee Hur Holdings  WHHL.SI , a Singapore-based real
estate investment management firm, said that it will sell its
student accommodation portfolio to real estate asset manager
Greystar for a gross price of A$1.6 billion ($1.02 billion).
 urn:newsml:reuters.com:*:nL4N3NH0OW
  
        
  
        ** Honeywell  HON.O  said it was considering a plan to
separate its high-margin aerospace business, a move backed by
activist investor Elliott Investment Management, which has been
pushing for the company's breakup.  urn:newsml:reuters.com:*:nL4N3NH0PU
  
    
    **  U.S. specialty vehicle manufacturer Shyft Group  SHYF.O 
and Switzerland-based Aebi Schmidt will merge in an all-stock
deal, the companies said.  urn:newsml:reuters.com:*:nL4N3NH0BB
    
    ** Czech billionaire Daniel Kretinsky's EP Group said it
agreed to certain terms with the UK government for its takeover
of Royal Mail's parent, paving the way for a green light on the
tightly-scrutinised deal.  urn:newsml:reuters.com:*:nL4N3NH0KR
    
    ** Thai tourism group Minor International  MINT.BK  has
offered to buy out minority shareholders of Spain's Minor Hotels
Europe & Americas  NHH.MC , the Spanish company said late on
Friday.  urn:newsml:reuters.com:*:nL8N3NH072
    
    ** German insurer Allianz  ALVG.DE  has withdrawn its offer
to acquire at least 51% of Singapore's Income Insurance for
about $1.63 billion, the company said in a statement.
 urn:newsml:reuters.com:*:nL1N3NH05F
    
    ** Singapore's Capitaland Investment  CAPN.SI  said  that it
will acquire Australian investment manager Wingate Group's
property and corporate credit investment management business for
A$200 million ($127.32 million), in addition to an earn-out.
 urn:newsml:reuters.com:*:nL4N3NH00C
    
    ** UniCredit  CRDI.MI  on Friday filed its buyout offer for
rival Banco BPM  BAMI.MI  with Italy's market regulator, and CEO
Andrea Orcel said the price was adequate.  urn:newsml:reuters.com:*:nL6N3NG02L

 (Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)
 ((Kritika.Lamba@thomsonreuters.com))