Deals of the day-Mergers and acquisitions

SM Entertainment Co

07/02/2023 11:05

Feb 7 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:
    ** Top Japanese banks have agreed to issue commitment
letters for a 1.4 trillion yen ($10.60 billion) loan that backs
a Japan Industrial Partners-led consortium's takeover offer for
Toshiba  6502.T , Bloomberg News reported, citing
sources. urn:newsml:reuters.com:*:nL4N34N1YM
    ** Apollo Global Management Inc  APO.N  is among a group of
financial firms in talks to buy a stake in Credit Suisse Group's
 CSGN.S  revamped investment bank, the Wall Street Journal
reported, citing people familiar with the matter.  urn:newsml:reuters.com:*:nL4N34N21I
    ** BNP Paribas  BNPP.PA  is not interested in buying a stake
in Orange's  ORAN.PA  banking unit, Chief Executive Jean-Laurent
Bonnafe said.  urn:newsml:reuters.com:*:nP6N2OL01M
    ** Holcim AG  HOLN.S , the world's biggest cement maker, has
agreed to buy U.S. roofing systems manufacturer Duro-Last in a
$1.29 billion deal, the Swiss company said , its latest move to
bolster its presence in North America.  urn:newsml:reuters.com:*:nL1N34N0CG
    ** South Korea's Kakao Corp  035720.KS  said it will acquire
a 9.05% stake in SM Entertainment  041510.KQ , an entertainment
agency behind K-pop acts, including NCT and Aespa, in a deal
worth 217.2 billion won ($172.8 million).  urn:newsml:reuters.com:*:nL1N34N0AT
    ** Barrick Gold  ABX.TO  has ruled out a counterbid for
number-one Australian gold producer Newcrest Mining  NCM.AX ,
its chief executive told Bloomberg, eliminating what had seemed
to be the most likely prospect of a rival to bidder Newmont
 NEM.N .  urn:newsml:reuters.com:*:nL1N34N02O
    ** Philippine conglomerate Metro Pacific Investments Corp
 MPI.PS  said it has entered into a deal to acquire a third of
Axelum Resources Corp  AXLM.PS  to expand its agriculture
portfolio.  urn:newsml:reuters.com:*:nL1N34N06E
    ** CVS Health Corp  CVS.N  is close to an agreement to buy
primary care center operator Oak Street Health Inc  OSH.N  for
about $10.5 billion, including debt, the Wall Street Journal
reported on Monday, citing people familiar with the matter.
 urn:newsml:reuters.com:*:nL4N34M4AM
    ** Australia's Nitro Software  NTO.AX  said  private equity
firm Potentia Capital had indicated it may be in a position to
beef up its takeover offer to gain due diligence, a move aimed
at outbidding rival buyer, KKR Inc-backed Alludo.  urn:newsml:reuters.com:*:nL4N34M4AB
    ** Britain's RELX  REL.L  has agreed to buy Aistemos, a firm
that uses artificial intelligence to classify patents, for
around 30 million pounds ($36 million) to enhance its
intellectual property (IP) analytics, a source close to the
company said.  urn:newsml:reuters.com:*:nL8N34M53O
    ** Vontobel Asset Management on Monday became the fourth
Ritchie Bros Auctioneers  RBA.TO  shareholder to come out with
concerns about the company's planned buyout of IAA Inc  IAA.N .
 urn:newsml:reuters.com:*:nL1N34M29G
 (Compiled by Priyamvada C and Rajarshi Roy in Bengaluru)
 ((Priyamvada.c@thomsonreuters.com
Rajarshi.Roy@thomsonreuters.com;))