Deals of the day-Mergers and acquisitions

Symbotic

16/01/2025 20:47

(Adds: TikTok, Nordstrom, Rio Tinto, TikTok, Cosan, Bunge,
Azimut, Advanced Info Service)
       Jan 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2030 GMT on
Thursday:
    
    ** U.S. President-elect Donald Trump's incoming national
security adviser said the new administration will keep TikTok
alive in the United States if there is a viable deal, in a
potential reprieve for the popular Chinese-owned video
app. urn:newsml:reuters.com:*:nL1N3OC0OR
    
    ** Mexican retailer Liverpool  LIVEPOLC1.MX  has launched a
$1 billion bond offer to fund its contribution to buying out
upscale U.S. department store chain Nordstrom, IFR, an LSEG
service, reported.  urn:newsml:reuters.com:*:nL6N3OC0O6
    
    ** Rio Tinto  RIO.AX ,  RIO.L  and Glencore  GLEN.L  are in
early-stage talks about combining their businesses, Bloomberg
News reported, citing people familiar with the matter.
 urn:newsml:reuters.com:*:nL4N3OC1KQ
    
    ** Businessman Frank McCourt is "open-minded" to keeping
TikTok's existing investors, including the founder, involved
after any deal to buy the U.S. operations of the Chinese-owned
short-form video app, the U.S. billionaire told
Reuters. urn:newsml:reuters.com:*:nL1N3OC0Y1
    
    **  Brazilian conglomerate Cosan  CSAN3.SA  has sold some
173 million shares it owned in Vale  VALE3.SA , it said,
unloading a stake that made it an important shareholder of the
mining giant as it looks to reduce debt. urn:newsml:reuters.com:*:nL1N3OC0M5
    
    ** Farmers warn Canada's approval of U.S. grain trader
Bunge's  BG.N  $34-billion takeover of Glencore-backed  GLEN.L 
Viterra will reduce their options to sell crops at competitive
prices, and say the government did not require enough
concessions. urn:newsml:reuters.com:*:nL1N3OB0IF
    
    ** Italian asset manager Azimut  AZMT.MI  aims to sell 80%
of its new fintech bank to FSI by the end of March, targeting a
market value for the new lender of 1.8-2.2 billion euros
($1.9-$2.3 billion), Chairman Pietro Giuliani said.  urn:newsml:reuters.com:*:nL1N3OC0HD
    
    ** The boards of Thailand-based mobile carriers Advanced
Info Service  ADVANC.BK  and Thaicom  THCOM.BK  have asked
investors to reject offers to acquire the firms under the merger
of their respective controlling entities, the companies
said. urn:newsml:reuters.com:*:nL4N3OC10C

        ** A subsidiary of China's Zijin Mining  601899.SS 
plans to buy a 24.8% stake in Zangge Mining  000408.SZ  for 13.7
billion yuan ($1.87 billion) and gain controlling right in the
firm, Zijin announced in a stock exchange filing.  urn:newsml:reuters.com:*:nL4N3OC17V
    
    ** Symbotic  SYM.O  said it would buy Walmart's  WMT.N 
robotics business for $200 million in cash to help expand the
retailer's automated supply chain.  urn:newsml:reuters.com:*:nL4N3OC0XJ
    
    ** Banco Santander's  SAN.MC  Mexican arm has reached an
agreement, alongside other shareholders, to sell its stake in
TransUnion Mexico, it said.  urn:newsml:reuters.com:*:nS8N3MB04N
    
    ** Backers of China's Xiaohongshu are looking to sell a part
of their stake to the likes of Tencent  0700.HK , among others,
in a deal that could value the TikTok-rival at at least $20
billion, Bloomberg News reported.  urn:newsml:reuters.com:*:nL4N3OC0WD    
    
    ** Bahrain-based investment group Investcorp said it had
agreed to buy Italian alternative payments company Epipoli from
private equity Bregal Milestone and founder and CEO Gaetano
Giannetto.  urn:newsml:reuters.com:*:nL8N3OC0JB
    
    ** British investment group Petershill Partners  PHLL.L 
said it sold its majority stake in venture capital firm General
Catalyst for $726 million.  urn:newsml:reuters.com:*:nL4N3OC0N9

 (Compiled by Rajarshi Roy and Sneha S K in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))