Deals of the day-Mergers and acquisitions

SoftwareOne Holding AG

15/05/2024 22:44

(Adds KKR, Andersons, John Wood, International Distributions Services, Tyfon
Culture, and Raiffeisen Bank)
       May 15 (Reuters) - The following bids, mergers, acquisitions and
disposals were reported by 21:00 GMT on Wednesday:

    ** U.S. investment firm KKR  KKR.N  will likely offer remedies next week in
an attempt to secure EU antitrust approval to buy Telecom Italia's (TIM)
 TLIT.MI  fixed-line access network, a person familiar with the matter said.
 urn:newsml:reuters.com:*:nL8N3HI5N9
        
  
    ** U.S.-based grain trader and processor The Andersons  ANDE.O  said it has
been difficult to find the right asset for a potential acquisition as part of
its plan to grow ethanol production.  urn:newsml:reuters.com:*:nL8N3HI6HN
        
  
    ** British oilfield services and engineering firm John Wood Group  WG.L 
said it had rejected a raised buyout proposal from Dubai-based company Sidara.
 urn:newsml:reuters.com:*:nL4N3HI3I7
        
  
        ** Royal Mail's parent company International Distributions Services
 IDSI.L  is set to agree a 3.5 billion pound ($4.42 billion) takeover by Daniel
Kretinsky if the Czech billionaire tables a formal offer, the British firm said.
 urn:newsml:reuters.com:*:nL4N3HI34A
  
        
  
    ** Chinese art marketplace Tyfon Culture has agreed to list its shares on
the Nasdaq through a merger with a special purpose acquisition company that
values the combined entity at $434 million, the firms said.  urn:newsml:reuters.com:*:nL4N3HI3AG
        
  
    ** Raiffeisen Bank International  RBIV.VI  was warned by the U.S. Treasury
in writing that its access to the U.S. financial system could be curbed because
of its Russia dealings, according to a person who has seen the correspondence.
 urn:newsml:reuters.com:*:nL1N3HI0KB
    
        ** Entrepreneur and former Los Angeles Dodgers owner Frank McCourt said 
his organization, Project Liberty, is forming a consortium to buy social media
platform TikTok in the United States.  urn:newsml:reuters.com:*:nL4N3HI2RM
    
    ** Britain's competition regulator referred Japan-based DJ equipment maker
AlphaTheta's proposed deal to acquire New Zealand's Serato to a lengthier probe.
 urn:newsml:reuters.com:*:nL4N3HI2GO
    
    **  A consortium led by Malaysia's sovereign wealth fund and pension fund
provider announced a conditional offer to take Malaysia Airports Holdings Berhad
(MAHB)  MAHB.KL  private, in a deal worth about $3.9 billion.  urn:newsml:reuters.com:*:nL1N3HI0S0
    
    ** Malaysia's Axiata  AXIA.KL  and conglomerate Sinar Mas are in talks to
merge their telecommunications operations in Indonesia to create an about $3.45
billion entity, the Malaysian firm said, as it seeks to tap into the growing
demand in the local telecom sector.  urn:newsml:reuters.com:*:nL4N3HI2BI
    
    ** SoftwareOne  SWON.S  has attracted the interest of potential buyers since
a new supervisory board was appointed last month, the Swiss IT service provider
said.  urn:newsml:reuters.com:*:nL8N3HI28Z
    
    ** Germany's Siemens  SIEGn.DE  will sell its Innomotics large motors and
drives division to financial investor KPS Capital Partners for 3 billion euros
($3.25 billion), business daily Handelsblatt reported, citing financial sources.
 urn:newsml:reuters.com:*:nL8N3HI2SU
    
    ** Chinese electric vehicle maker Aiways will go public via a merger with
U.S. special purpose acquisition company Hudson Acquistion Corp  HUDA.O  in a
deal that should value the company around $400 million, the two companies said.
 urn:newsml:reuters.com:*:nL1N3HG21Z
    
    ** BHP Group's  BHP.AX  options for its pursuit of rival miner Anglo
American  AAL.L  include sweetening its $42.7 billion buyout offer, making a
hostile bid or walking away for now as it approaches a May 22 deadline to lodge
a binding offer.  urn:newsml:reuters.com:*:nL8N3HI07V
    
    ** Novo Holdings, the controlling shareholder of Danish obesity drugmaker
Novo Nordisk  NOVOb.CO , said it would buy a controlling stake of about 60% in
Single Use Support, an Austria-based life science tools company.  urn:newsml:reuters.com:*:nL8N3HH3KV

 (Compiled by Rajarshi Roy, Aatreyee Dasgupta and Anuja Bharat Mistry in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))