Deals of the day-Mergers and acquisitions

Sojitz

30/07/2024 14:54

(Adds Chorus Aviation, Global Business Travel Group, TC Energy
and Alaska Air Group)
       July 30 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:
    
        ** Jazz Aviation owner Chorus Aviation  CHR.TO  said it
would sell its regional aircraft leasing segment for about $1.9
billion to investment fund manager HPS Investment Partners LLC,
in order to reduce its debt.  urn:newsml:reuters.com:*:nL4N3JM16Z
  
    
        ** Britain's competition regulator said it has found
competition concerns over Global Business Travel Group's
 GBTG.N  planned $570 million acquisition of CWT Holdings LLC.
 urn:newsml:reuters.com:*:nL4N3JM19O
  
        
  
        ** TC Energy  TRP.TO  said that it will sell a minority
stake in its Nova Gas transmission system and the Foothills
pipeline assets for C$1 billion ($722.1 million) to certain
indigenous Canadian communities as part of a plan to reduce its
debt and fund investments. urn:newsml:reuters.com:*:nL4N3JM174
  
        
  
        ** Alaska Air Group  ALK.N  has agreed to extend the
review period for the proposed $1.9 billion acquisition of rival
Hawaiian Airlines  HA.O  amid antitrust scrutiny from the U.S.
Department of Justice, the carrier said in a filing.
 urn:newsml:reuters.com:*:nL4N3JM102
  
    
    ** Japanese trading house Sojitz  2768.T  said it had bought
the takeout sushi businesses of Sushi Avenue Inc in the United
States for an undisclosed sum, as part of a drive to expand its
seafood operations.  urn:newsml:reuters.com:*:nL4N3JM0LG

    ** AXA IM Prime, a unit of AXA Investment Managers, will
acquire a 20% stake in French private credit firm Rivage
Investment, the two companies said in a joint statement.
 urn:newsml:reuters.com:*:nL4N3JM0QB
    
    ** Hewlett Packard Enterprise (HPE)  HPE.N  is expected to
secure unconditional EU antitrust approval for its $14 billion
acquisition of networking gear maker Juniper Networks  JNPR.N ,
people familiar with the matter said.  urn:newsml:reuters.com:*:nL1N3JL0M6
    
    ** Global miner BHP Group  BHP.AX  and Canada-listed Lundin
Mining  LUN.TO  will jointly take over developer Filo Corp
 FIL.TO  for C$4.5 billion ($3.25 billion), the companies said,
as they move to progress the South American projects.
     urn:newsml:reuters.com:*:nL4N3JL20X
    
    ** Regional lender Renasant Corp  RNST.N  has agreed to buy
smaller rival The First Bancshares  FBMS.N  in an all-stock deal
valued at $1.2 billion, the Mississippi-based banks said.
 urn:newsml:reuters.com:*:nL4N3JL1K4
    
    ** Investment firm Pondera Holdings is exploring options for
Whisker, including a sale of its controlling stake that could
value the maker of self-cleaning cat litter boxes at close to $1
billion, according to people familiar with the matter.
 urn:newsml:reuters.com:*:nL1N3JG0RH
    
    ** Hedge funds Nut Tree Capital Management and Caspian
Capital have made a sweetened bid to acquire fuels storage and
transporter Martin Midstream Partners  MMLP.O , according to a
letter seen by Reuters. urn:newsml:reuters.com:*:nL1N3JL0SR
    
    ** Investment firm Sixth Street will acquire Enstar  ESGR.O 
for $5.1 billion, in a deal backed by former Treasury Secretary
Steven Mnuchin and billionaire J Christopher Flowers, the
insurer said.  urn:newsml:reuters.com:*:nL4N3JL0T1

 (Compiled by Rajarshi Roy and Harshita Mary Varghese in
Bengaluru)
 ((Harshitamary.varghese@thomsonreuters.com))