Deals of the day-Mergers and acquisitions

Washington H. Soul Pattinson and

06/12/2023 10:56

Dec 6 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on
Wednesday:

    ** France's Safran  SAF.PA  does not exclude a protest
against Italy's decision to block part of its planned $1.8
billion purchase of the flight control systems business of
Collins Aerospace  RTX.N , Chief Executive Olivier Andries said.
     urn:newsml:reuters.com:*:nL1N3D10MI
    
    ** Japan's Rakuten Group  4755.T  said it plans to sell a
large stake in Rakuten Bank  5838.T  to overseas investors, its
latest fundraising effort as it grapples with heavy debt and
losses at its mobile network unit.  urn:newsml:reuters.com:*:nL1N3D10I7
    
    ** Australian fund manager Perpetual  PPT.AX   rejected a
A$3.1 billion ($2 billion) takeover offer from its largest
shareholder, diversified investor Washington H Soul Pattinson
(WHSP)  SOL.AX , saying the proposal undervalued its
business. urn:newsml:reuters.com:*:nL4N3D11AY
    
    ** Chinese conglomerate Dalian Wanda's chairman and two
units have agreed to sell a combined 51% stake in the
controlling shareholder of Wanda Film  002739.SZ  to a company
linked to Tencent-invested China Ruyi Holdings
 0136.HK  urn:newsml:reuters.com:*:nL1N3D10A0
    
    ** U.S. private equity firm TA Associates is aiming to sell
its minority stake of about 20% in Vietnamese software provider
MISA, with a value for the company of more than $500 million,
two sources with knowledge of the matter said.  urn:newsml:reuters.com:*:nL1N3D10GH
    
    ** Harmonic Drive Systems  6324.T , a Japanese maker of
speed reducers, said that Toyota Motor  7203.T  will sell its
entire stake in the company in the open market
overseas. urn:newsml:reuters.com:*:nL4N3D11KI

    ** The U.S. Federal Trade Commission has sent shale oil
producer Pioneer Natural Resources  PXD.N  and Exxon Mobil
 XOM.N  a second request for more information on their $60
billion takeover deal, Pioneer said on Tuesday.  urn:newsml:reuters.com:*:nL4N3D032D
    
    ** Midwest law firms Ulmer & Berne and Greensfelder, Hemker
& Gale are planning to merge, creating what they said in a
Tuesday statement will be a "super-regional" firm with 275
lawyers.  urn:newsml:reuters.com:*:nL1N3D02IF

 (Compiled by Rajarshi Roy and Aishwarya Jain in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;aishwarya.jain@thomsonreuters
.com))