Deals of the day-Mergers and acquisitions

Yokohama Rubber Co

25/03/2022 09:52

March 25 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on Friday:

    ** U.S. firm Caerus Oil and Gas is exploring a sale that
could value the private equity-owned natural gas producer at
more than $2.5 billion, including debt, people familiar with the
matter said.  urn:newsml:reuters.com:*:nL5N2VK54Q
    
    ** The core operations of NMC, the largest private
healthcare provider in the United Arab Emirates (UAE), exited
administration in Abu Dhabi to form a new company.  urn:newsml:reuters.com:*:nL2N2VS0RN
    
    ** Yokohama Rubber Co  5101.T  has agreed to buy Trelleborg
Wheel Systems, part of Sweden's Trelleborg AB  TRELb.ST , for
265.2 billion yen ($2.18 billion), the two companies said.
 urn:newsml:reuters.com:*:nL2N2VS0FA
    
    ** Ireland's Hibernia REIT  HBRN.I  said that its board
unanimously recommended shareholders accept a 1.09 billion euro
($1.20 billion) takeover bid by a subsidiary of Canada's
Brookfield Asset Management  BAMa.TO .  urn:newsml:reuters.com:*:nL2N2VS0CG
    
    ** Canada's telecommunications regulator said it has
conditionally approved Rogers Communications Inc's  RCIb.TO 
acquisition of Shaw Communications Inc's  SJRb.TO  broadcasting
services, as the C$20 billion ($16 billion) mega deal for Shaw
announced last year clears a major regulatory hurdle.
 urn:newsml:reuters.com:*:nL3N2VR3ZJ
    
    ** Singapore-based commodity trader Olam Group  OLAG.SI 
said it plans to sell a 35% stake in unit Olam Agri to Saudi
Agricultural and Livestock Investment Co (SALIC) for $1.24
billion, paving the way for an IPO and demerger of the unit.
 urn:newsml:reuters.com:*:nL3N2VR4LU


 (Compiled by Rajarshi Roy, Tiyashi Datta and Yuvraj Malik in
Bengaluru)
 ((tiyashi.datta@thomsonreuters.com;))