Deals of the day-Mergers and acquisitions

Wendel SE

22/10/2024 11:10

Oct 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** French investment company Wendel  MWDP.PA  will acquire
U.S. asset investment firm Monroe Capital  MRCC.O , it said,
with an initial investment of $1.13 billion for 75% of the
company's shares.
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    ** Ambuja Cements  ABUJ.NS , India's No.2 cement maker, said
 it would buy a nearly 47% stake in rival Orient Cement
 ORCE.NS  for 37.91 billion rupees ($451 million), but analysts
raised doubts about the deal winning regulatory approval.
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    ** French investment company Wendel  MWDP.PA  announced its
acquisition of Monroe Capital  MRCC.O , with an initial
investment of $1.13 billion for 75% of the company's shares.
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    ** Pub owner Hotel Property  HPI.AX  is asking shareholders
to reject the takeover bid from a consortium led by top investor
Charter Hall  CHC.AX , saying that the offer undervalues the
firm and its prospects while questioning its timing.
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    ** Brazilian pharmaceutical company EMS has offered to join
forces with rival Hypera  HYPE3.SA  to create the country's
biggest drug manufacturer, they said on Monday.
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    ** Australia's Hotel Property Investments  HPI.AX  said it
has recommended shareholders to reject the final takeover bid
from a consortium led by Charter Hall Retail REIT  CQR.AX ,
which valued the pub owner at A$755.8 million ($502.98 million).
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    ** Stripe will buy stablecoin infrastructure provider
startup Bridge, the fintech said in a tweet on Monday without
disclosing the deal value.
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    ** Funds managed by Brazilian investment bank BTG Pactual
 BPAC11.SA  received preliminary approval on Friday from the
country´s antitrust regulator to buy the hotel operations of
AccorInvest in Brazil for 1.7 billion reais ($300 million),
regulatory documents showed on Monday.
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    ** Atlantic Union Bankshares  AUB.N  will buy smaller rival
Sandy Spring Bancorp  SASR.O  for $1.6 billion, they said on
Monday, as the regional lender looks to bolster its presence in
Northern Virginia and Maryland.
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    ** Brazilian pharmaceutical company EMS has made an offer to
combine with peer Hypera  HYPE3.SA , local newspaper Valor
Economico reported on Monday, as the latter's stocks plunged
following a major strategy change.
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    ** Parcel services firm GLS, the international sister
business to the UK's Royal Mail, has agreed to buy a 20% stake
in Greece's ACS for 74 million euros ($80.06 million), their
parent International Distribution Services IDSI.L said on
Monday.
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    **  Investment holding company Ocean Wilsons  OCN.L  has
agreed to sell its 56.47% stake in Brazilian unit Wilson Sons
 PORT3.SA  to shipping services provider SAS for 4.35 billion
reais ($764.9 million), it said on Monday.
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    ** Nigeria has blocked Shell's  SHEL.L  sale of its entire
onshore and shallow-water oil operations, but approved a similar
deal by Exxon Mobil  XOM.N , the country's upstream oil
regulator said on Monday.
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    ** Thoma Bravo-backed cybersecurity firm Sophos said on
Monday it would acquire Secureworks  SCWX.O  from Dell
Technologies  DELL.N  for $859 million in cash to strengthen its
product lineup for enterprise customers.
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 (Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))