Deals of the day-Mergers and acquisitions

Vista Outdoor

10/09/2024 20:45

(Adds: Vista Outdoor, Alimentation Couche-Tard, U.S. Steel,
Newmont Corp Updates: AngloGold Ashanti)
       Sept 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1941 GMT on Tuesday:
    
    **  Vista Outdoor  VSTO.N  said on Tuesday it has not yet
decided on the latest buyout offer from MNC Capital and delayed
its special investor meet to vote on a separate deal to sell its
ammunition unit to defense firm Czechoslovak Group (CSG). 
 urn:newsml:reuters.com:*:nL4N3KS0ZC
    
    **  U.S. antitrust regulators have told Seven & i  3382.T 
it may probe a potential deal with Canada's Alimentation
Couche-Tard  ATD.TO , two sources familiar with the matter said,
in an early sign that a merger could face regulatory scrutiny.
 urn:newsml:reuters.com:*:nL1N3KS0TY
        
    ** Japanese steelmaker Nippon Steel's  5401.T  vice-chair
will meet senior U.S. officials in Washington on Wednesday in an
attempt to save its proposed $14.9 billion takeover of U.S.
Steel  X.N , the Financial Times reported on Tuesday.
 urn:newsml:reuters.com:*:nL4N3KS1IP
    
    ** Newmont Corp  NEM.N  said on Tuesday it would divest the
Telfer project and its interest in the Havieron gold-copper
project in Western Australia to Greatland Gold  GGPL.L  for up
to $475 million.  urn:newsml:reuters.com:*:nL4N3KS1H6

        ** TC Energy's  TRP.TO  C$1 billion ($736.92 million)
deal to sell a minority stake in its Canadian natural gas
pipeline system to a consortium of Indigenous communities has
been delayed due to a transaction structuring issue, the company
said.  urn:newsml:reuters.com:*:nL4N3KS0ZJ
  
        
  
        ** UPS  UPS.N  said it would acquire Germany-based
healthcare logistics firm Frigo-Trans for an undisclosed amount
to boost its healthcare cold-chain facilities in Europe.
 urn:newsml:reuters.com:*:nL4N3KS0WD
  
        
  
    **  AngloGold Ashanti is now in a position to pursue growth
through the acquisition of high-value assets, CEO Alberto
Calderon said on Tuesday, after the miner agreed to buy
Egypt-focused smaller rival Centamin  CEY.L  in a $2.5 billion
stock and cash deal.  urn:newsml:reuters.com:*:nL4N3KS0FV
        
  
        ** German airline Lufthansa  LHAG.DE  is considering
taking a stake in Latvia's state-owned carrier airBaltic ahead
of its IPO, a source familiar with the matter told Reuters.
 urn:newsml:reuters.com:*:nL8N3KS0OU
  
        
  
        ** British hedge fund founder Paul Marshall has bought
The Spectator political magazine for 100 million pounds ($131
million), seller RedBird IMI said.  urn:newsml:reuters.com:*:nL8N3KS0NE
  
    
    ** Australia's Mineral Resources  MIN.AX  said that it got
approval from the Foreign Investment Review Board (FIRB) for the
sale of a 49% stake in its Onslow Iron Project's haul road for
A$1.3 billion ($865.3 million).  urn:newsml:reuters.com:*:nL4N3KS0P2

    ** Investment fund CVC  CVC.AS  is in talks to buy a
majority stake in Spanish pharmaceuticals firm Rovi's  ROVI.MC 
third-party manufacturing business, Expansion newspaper
reported, citing unidentified market sources.  urn:newsml:reuters.com:*:nL1N3KS08C
    
    ** South Korean battery maker Samsung SDI  006400.KS  said
it had decided to sell its polarizing film business to China's
Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won
($836.47 million).  urn:newsml:reuters.com:*:nL1N3KR13E
    
    ** The U.S. Federal Trade Commission urged a federal judge
in New York to block Tapestry's  TPR.N  $8.5 billion merger with
rival handbag maker Capri Holdings  CPRI.N  at a trial on
Monday, arguing it will eliminate fierce head-to-head
competition in the market for "accessible luxury".  urn:newsml:reuters.com:*:nL1N3KR0QR
    
    ** U.S. lender NBT Bancorp  NBTB.O  has agreed to buy Evans
Bancorp  EVBN.A  in a deal that values it at nearly $236
million, as it looks to expand its footprint in western New
York.  urn:newsml:reuters.com:*:nL4N3KR1KV

 (Compiled by Rajarshi Roy, Priyanka.G and Puyaan Singh in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))