Deals of the day-Mergers and acquisitions

Western Asset Mortgage Capital

03/08/2023 10:55

(Adds: Terra Property Trust, Morrow Sodali, Hasbro)
       Aug 3 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1400 GMT on
Thursday:

        ** Terra Property Trust  TPTA.N  has submitted a revised
stock-and-cash offer to lock in its planned merger with Western
Asset Mortgage Capital  WMC.N , a real estate investment trust
managed by Franklin Templeton  BEN.N , showed a letter seen by
Reuters.
  
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        ** Morrow Sodali said it bought HXE Partners to beef up
its environmental, social and governance (ESG) offerings, making
its third acquisition since private equity firm TPG  TPG.O  took
a majority stake in the shareholder engagement services firm
last year.
  
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        ** Hasbro  HAS.O  said it would sell its eOne film and
TV studio to Lionsgate Entertainment for about $500 million as
part of the toymaker's efforts to focus on more profitable
brands.
  
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    ** Barclays  BARC.L  has received non-binding offers from
private equity firms including Warburg Pincus and Centerbridge
to buy its German consumer finance subsidiary, three people
familiar with the matter told Reuters.  urn:newsml:reuters.com:*:nL8N39J6KZ
    
    ** Indian billionaire Gautam Adani's Ambuja Cements
 ABUJ.NS  said it would buy a near 83% stake in smaller rival
Sanghi Industries  SNGI.NS  for up to $295 million, his group's
first major purchase since turmoil sparked by a U.S. short
seller's report.  urn:newsml:reuters.com:*:nL4N39K0SB
    
    ** AXA  AXAF.PA  said it had agreed to buy Irish health
insurer Laya from Corebridge Financial, a subsidiary of AIG
 AIGn.N  for 650 million euros ($709.74 million) to expand its
position on the European health market.  urn:newsml:reuters.com:*:nS8N34Q081
    
    ** Eye care firm Bausch + Lomb  BLCO.TO  does not expect to
do another big deal for around a year after it completes its
$1.75 billion deal for dry eye drug Xiidra, recently rehired
chief executive Brent Saunders said on Wednesday.  urn:newsml:reuters.com:*:nL1N39J1WU
    
    ** JetBlue  JBLU.O  and Spirit  SAVE.N  on Tuesday in U.S.
court called a consumer lawsuit over the airlines' merger plan
"vague" and "speculative" and said it should be rejected as the
U.S. Justice Department pursues a case against the $3.8 billion
deal.  urn:newsml:reuters.com:*:nL1N39J0Y3
    
    ** Czech PPF Group said on Tuesday that Emirates
Telecommunications Group Company e&  EAND.AD  would pay 2.2
billion euros up front to acquire a controlling stake in its
telecoms assets in Bulgaria, Hungary, Serbia and Slovakia.
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 (Compiled by Rajarshi Roy and Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com))