Deals of the day-Mergers and acquisitions

SM Entertainment Co

24/03/2023 10:07

(Adds Illumina, JetBlue)
       March 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1600 ET on Friday:
    
    ** Carl Icahn on Friday came down heavily on Illumina Inc
 ILMN.O , saying its directors demanded extra personal liability
insurance against any potential claims related to Grail's
acquisition in 2021 before agreeing to signing off on the deal.
 urn:newsml:reuters.com:*:nL4N35W2PG
        
  
    ** The U.S. Transportation Department on Friday denied an
exemption request by JetBlue and Spirit to operate under common
ownership, citing the Department of Justice's (DOJ) antitrust
lawsuit filed earlier this month seeking to block the deal.
 urn:newsml:reuters.com:*:nL1N35W25T

    ** South Korean music label HYBE  352820.KS , manager of boy
band BTS, said it aimed to sell its entire 15.8% stake in K-pop
pioneer SM Entertainment  041510.KQ  for 564 billion won ($437
million) by accepting a tender offer from bidder Kakao.
 urn:newsml:reuters.com:*:nL1N35W03R
    
    ** Australian aged-care provider Estia Health Ltd  EHE.AX 
said it received a non-binding buyout proposal from U.S. private
investment firm Bain Capital for A$775.1 million ($517.77
million), sending its shares to an over 3-year high.
 urn:newsml:reuters.com:*:nL4N35V4F0
    
    ** NFL great Tom Brady has acquired an ownership stake in
the reigning WNBA champion Las Vegas Aces, team owner Mark Davis
announced.  urn:newsml:reuters.com:*:nL1N35W03E
    
    ** Citizens Financial Group Inc  CFG.N  is working on a bid
to acquire the private banking business of failed Silicon Valley
Bank, two people familiar with the matter said.  urn:newsml:reuters.com:*:nL1N35V2WE
    
    ** Private equity firm Potentia Capital raised its takeover
offer for Nitro Software Ltd  NTO.AX , saying it now has
relevant interests in more than 75% of the Australian software
maker shares, a pre-requisite for the higher bid.  urn:newsml:reuters.com:*:nL4N35W170
    
    ** Office rental company IWG  IWG.L  is exploring the sale
of a major stake in its digital operations unit for about 800
million pounds ($976.64 million), Sky News reported.
 urn:newsml:reuters.com:*:nL4N35W2CE
    
    ** Britain's competition regulator said Microsoft's  MSFT.O 
69-billion purchase of "Call of Duty" maker Activision Blizzard
 ATVI.O  would not harm competition in gaming consoles, removing
a major obstacle to the deal.  urn:newsml:reuters.com:*:nL8N35W3BZ

 (Compiled by Rajarshi Roy and Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com;))