Deals of the day-Mergers and acquisitions
17/10/2023 14:36
Oct 17 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:
** Russian supermarket chain Lenta LENT.MM acquired the
Monetka chain of 2,120 convenience stores for an undisclosed sum
in a deal financed by cash and debt. urn:newsml:reuters.com:*:nL1N3BN0I5
** Choice Hotels CHH.N made its latest $7.8 billion
cash-and-stock offer public after Wyndham Hotels and Resorts
WH.N decided to walk away from merger talks, halting six
months of discussions around creating a U.S. budget hotel giant.
urn:newsml:reuters.com:*:nL4N3BN2KP
** Mitsubishi Corp 8058.T is considering bidding for
Fujitsu's 6702.T chip packaging unit Shinko Electric
Industries 6967.T , two sources said, as Japan's top trading
house weighs an entry into semiconductor manufacturing.
urn:newsml:reuters.com:*:nL1N3BN0TP
** South Korea's biggest carrier, Korean Air Lines
003490.KS , will offer to sell Asiana Airlines' 020560.KS air
cargo business and divest routes to four EU cities in a bid to
gain EU antitrust approval for acquiring its rival, two people
familiar with the matter said. urn:newsml:reuters.com:*:nL1N3BN103
** French investment firm Wendel MWDP.PA is in exclusive
talks to acquire private equity firm IK Partners for 383 million
euros ($403.87 million) as it builds up an asset management arm
to boost fees-based sales. urn:newsml:reuters.com:*:nL1N3BN0CX
** Thermo Fisher Scientific TMO.N said it would acquire
Olink Holding AB OLK.O in a deal valued at $3.1 billion as the
U.S. medical equipment maker seeks to boost its life sciences
portfolio that helps in drug discovery. urn:newsml:reuters.com:*:nL4N3BN33T
(Compiled by Annett Mary Manoj)
((AnnettMary.Manoj@thomsonreuters.com))