Deals of the day-Mergers and acquisitions

Terex

22/07/2024 14:36

(Adds: Agilent Technologies, Vista Outdoor, Caisse d’Epargne
Hauts de France, Fairfax Financial, Clearwater Paper, Terex
Updates: Goodyear Tire & Rubber)
       July 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Monday :

    ** Agilent Technologies  A.N  said it will acquire privately
held contract drug manufacturer Biovectra for $925 million to
bolster its portfolio of drug development services.
     urn:newsml:reuters.com:*:nL4N3JE15A
    
    ** Vista Outdoor  VSTO.N  said Czechoslovak Group had raised
the base purchase price for its ammunition business, Kinetic
Group, by $50 million to $2.15 billion.
     urn:newsml:reuters.com:*:nL4N3JE0TE

    ** Caisse d’Epargne Hauts de France, which is part of
France's BPCE banking group, has signed an agreement with
China's Dajia Insurance group to acquire 100% of Bank
Nagelmackers, which is Belgium's oldest bank.
     urn:newsml:reuters.com:*:nL1N3JE0F0
        
  
    ** Insurance-focused conglomerate Fairfax Financial  FFH.TO 
 agreed to buy retailer Sleep Country Canada Holdings  ZZZ.TO 
in a deal valued at C$1.7 billion ($1.24 billion).
     urn:newsml:reuters.com:*:nL4N3JE106
    
    ** Clearwater Paper  CLW.N  has agreed to sell its tissue
business to Sofidel America for $1.06 billion, it said, as the
latter hopes to expand its paper tissue business for domestic
and hygienic use in North America.
     urn:newsml:reuters.com:*:nL4N3JE0U1
        
  
    ** Terex  TEX.N  said it would acquire Dover Corp's  DOV.N 
environmental solutions business in an all-cash deal valued at
$2 billion, as it looks to tap into the growing waste management
market.
     urn:newsml:reuters.com:*:nL4N3JE0WY

    ** Goodyear Tire & Rubber  GT.O  will sell its Off-the-Road
equipment tire business to Japan's Yokohama Rubber  5101.T  for
$905 million in cash, it said, as part of a drive to streamline
its business.
     urn:newsml:reuters.com:*:nL4N3JE0S0

    ** British shopping mall owner Hammerson  HMSO.L  said it is
selling its 42% stake in luxury shopping centre operator Value
Retail to LVMH-backed private equity firm L Catterton for an
enterprise value of 1.5 billion pounds ($1.94 billion).
 urn:newsml:reuters.com:*:nL4N3JE0FI

    ** Britain's Vodafone  VOD.L  said it sold a further 10%
stake in Vantage Towers for 1.3 billion euros ($1.4 billion),
bringing its ownership in a group which controls European mobile
phone masts down to its intended level with infrastructure
investors.  urn:newsml:reuters.com:*:nL8N3JE08W

    ** Australia's Woodside Energy  WDS.AX  said it had agreed
to buy U.S. liquefied natural gas developer Tellurian  TELL.A ,
including its U.S. Gulf Coast Driftwood LNG export project, for
$1.2 billion including debt.  urn:newsml:reuters.com:*:nL1N3JE014
    
    ** U.S.-based private equity firm Stonepeak said it would
buy New Zealand's Arvida Group  ARV.NZ  for NZ$1.24 billion
($745.74 million) excluding debt, sending the aged care
provider's shares up nearly 60% to the highest in more than two
years.  urn:newsml:reuters.com:*:nL1N3JE00O
    
    ** Porsche is considering taking a minority stake in Varta
as a way to safeguard a potential investment in the battery
maker's large-format lithium-ion battery business disclosed
earlier this month, the Frankfurter Allgemeine Zeitung newspaper
reported.  urn:newsml:reuters.com:*:nL8N3JD04W

 (Compiled by Rajarshi Roy anad Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))