Deals of the day-Mergers and acquisitions

Superdry

28/03/2024 19:53

(Adds Azimut Holding, Superdry, Nutrien Ltd, Take-Two
Interactive Software and Home Depot)
       March 28 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Thursday:
    
    **  Scrub Daddy, the kitchen sponge maker that gained
popularity after securing an investment on U.S. TV show "Shark
Tank," is exploring options that include a sale of the company,
according to people familiar with the matter.
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        ** Superdry  SDRY.L  CEO and top shareholder Julian
Dunkerton will not be making an offer for the company, both
parties said, and the struggling British fashion chain said it
reached an agreement to extend a loan facility to help its
turnaround plans.
  
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    ** Nutrien Ltd.  NTR.TO , the world's largest producer of
potash fertilizer, is mulling divestments in South America,
replacing management and halting an acquisition spree in Brazil
after steep losses in the region, according to sources with
direct knowledge of the matter.
         urn:newsml:reuters.com:*:nL2N3G628V
  
        
  
    ** U.S. videogame publisher Take-Two Interactive Software
 TTWO.O  has agreed to buy Gearbox Entertainment from Sweden's
Embracer  EMBRACb.ST  for $460 million in stock to beef up its
arsenal of titles with games including first-person shooter
"Borderlands".
         urn:newsml:reuters.com:*:nL3N3G60U2
  
        
  
        ** Home Depot  HD.N  will buy building materials
supplier SRS Distribution in an $18.25 billion deal, in the top
U.S. home improvement chain's largest acquisition, as it looks
to broaden its professional customer base to better tackle tepid
demand.
  
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    ** Italian asset manager Azimut Holding  AZMT.MI  set out
plans on Thursday to spin off part of its network of financial
advisers and merge it into a new digital bank, adding it was
looking at outside investors taking a stake of up to 50% in the
new unit.
         urn:newsml:reuters.com:*:nL2N3G60RP 
  
           
  
        ** SilverBow Resources  SBOW.N  said it has rejected
largest shareholder Kimmeridge Energy Management's latest offer
that valued the oil and gas producer at $2.1 billion, including
debt, in the latest rebuff of the asset manager's efforts.
  
         urn:newsml:reuters.com:*:nL3N3G6327
  

        ** India's ICICI Securities  ICCI.NS  secured the votes
needed to delist its stock, capping a dramatic week that saw
backlash from some unhappy retail investors and reported
attempts by parent ICICI Bank to sway votes.
  
         urn:newsml:reuters.com:*:nL3N3G60U8
  
        
  
        ** Oakley Capital is weighing options, including a sale,
for its Norwegian maritime training software company Ocean
Technologies Group (OTG), three sources close to the matter told
Reuters.
  
         urn:newsml:reuters.com:*:nL5N3G5402
  

        ** International Resources Holding (IRH), a unit of Abu
Dhabi's International Holding Company  IHC.AD , said it intends
to bid for a stake in Lubambe Copper Mine in Zambia.
  
         urn:newsml:reuters.com:*:nL2N3G60NX
  
        
  
        ** Keysight Technologies  KEYS.N  outbid rival Viavi
Solutions  VIAV.O  to buy Spirent Communications  SPT.L  for
about 1.16 billion pounds ($1.46 billion), winning a battle over
the UK telecoms testing firm's expertise in automation.
  
         urn:newsml:reuters.com:*:nL3N3G61JV
  

    ** Britain's competition regulator said that it has decided
not to open an in-depth 'phase 2' investigation into Aviva's
 AV.L  acquisition of AIG Life UK.
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    ** U.S. video game publisher Take-Two Interactive Software
 TTWO.O  said on Wednesday it would acquire Gearbox
Entertainment, best known for the first-person shooter game
Borderlands, from Sweden's Embracer  EMBRACb.ST  for $460
million.
     urn:newsml:reuters.com:*:nL3N3G60U2

    ** Australian gold miner Ramelius Resources Ltd  RMS.AX 
said it had ended discussions with Karora Resources  KRR.TO  for
a potential acquisition of the Canada-based mine operator.
     urn:newsml:reuters.com:*:nL3N3G54W1

    ** Walmart  WMT.N  has notified two U.S. antitrust agencies
it will withdraw and refile a certain review application for its
planned acquisition of Vizio  VZIO.N , to give the regulators
more time to review the deal.
     urn:newsml:reuters.com:*:nL3N3G54DW
    
    ** T-Mobile has won its bid to appeal a judge’s ruling that
allowed a potential class of millions of Verizon and AT&T
subscribers to move ahead with a lawsuit challenging the
company's $26 billion purchase of rival Sprint in 2020.
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 (Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))