Deals of the day-Mergers and acquisitions

Vault Minerals

05/02/2024 10:44

Feb 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Monday:

    ** Stellantis  STLAM.MI  Chairman John Elkann said the
automaker had no M&A plans in response to press speculation
about a possible French-led merger with rival Renault  RENA.PA .
     urn:newsml:reuters.com:*:nR1N3CA00Q
    
    ** Steelmaker Acerinox  ACX.MC  has agreed to buy U.S.
alloys manufacturer Haynes International for $798 million, the
Spanish company said.
     urn:newsml:reuters.com:*:nL1N3EQ0L5

    ** Chinese conglomerate Fosun International  0656.HK  is
exploring the sale of a minority stake in its luxury resort
chain Club Med, targeting a valuation of $800 million for the
whole business, according to two people with knowledge of the
matter.
     urn:newsml:reuters.com:*:nL4N3EK1M2
    
    ** South Africa's MultiChoice Group  MCGJ.J  said it will
not continue talks with Vivendi's  VIV.PA  Canal Plus after the
board concluded that its offer significantly undervalues the
company.
     urn:newsml:reuters.com:*:nL4N3EQ1AB
    
    ** Australia's Lynas Rare Earths  LYC.AX  said confidential
talks have ended with U.S.-based MP Materials  MP.N  for a
possible merger that industry sources said would have been
difficult for the sides to agree on a value.
     urn:newsml:reuters.com:*:nL1N3EP0GO
    
    ** Keppel Infrastructure Trust (KIT)  KEPL.SI  said that it
will acquire an around 98.6% stake in Ventura Motors, the
largest bus service business in Victoria, Australia, for an
enterprise value of A$600 million ($390 million).
     urn:newsml:reuters.com:*:nL1N3EQ01H
    
    ** Australian gold miner Red 5  RED.AX  will takeover rival
Silver Lake Resources  SLR.AX  to build a mid tier gold company
valued at $1.5 billion, the two companies said in a joint
statement.
     urn:newsml:reuters.com:*:nL1N3EP0I5
    
    ** Australia's Metcash  MTS.AX  said it entered deals to
acquire three separate businesses, including private-equity firm
Quadrant-owned Superior Food, for a total enterprise value of
A$558.5 million ($363.47 million).
     urn:newsml:reuters.com:*:nL1N3EP0IN
    
    ** Zee Entertainment  ZEE.NS  can ask an Indian tribunal to
enforce a $10 billion merger with Sony's Indian unit after a
Singapore arbitration centre rejected an emergency petition by
the Japanese company for a stay of proceedings, Zee said on
Sunday.    
     urn:newsml:reuters.com:*:nL1N3EP04P

 (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)
 ((Pratyush.Thakur@thomsonreuters.com))