Deals of the day-Mergers and acquisitions

Shyft

16/12/2024 20:40

(Adds: Expobank, CVC Capital Partners, Virgin Music, Updates:
Shyft)
       Dec 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2030 GMT on Monday:
    
    ** Shyft Group  SHYF.O  and Switzerland-based Aebi Schmidt
will merge in an all-stock deal, the companies said, sending the
U.S. specialty vehicle maker's shares up 13%.  urn:newsml:reuters.com:*:nL4N3NH0Y8
        
  
        ** Russia's Expobank said it had finalised its merger
with HSBC's  HSBA.L  former Russian unit and entered the ranks
of Russia's top 30 banks in terms of capital as a result.
 urn:newsml:reuters.com:*:nL8N3NH17L
  
        
  
        ** CVC Capital Partners  CVC.AS  is considering
purchasing Vivendi's  VIV.PA  stake in Telecom Italia  TLIT.MI ,
a move that could pave the way for a potential takeover of the
Italian telecommunications company, Bloomberg News
reported. urn:newsml:reuters.com:*:nL4N3NH171
  
        
  
        ** Virgin Music Group, the global independent music unit
of Universal Music Group  UMG.AS , said it will acquire Downtown
Music in an all-cash deal valued at $775 million (737.32 million
euros). urn:newsml:reuters.com:*:nL4N3NH19K
  
       
        ** 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
        
    ** 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 Prakhar Srivastava in Bengaluru)
 ((prakhar.srivastava2@thomsonreuters.com))