Deals of the day-Mergers and acquisitions
17/02/2021 21:15
(Adds Thyssenkrupp, Athene Holding)
Feb 17 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2100 GMT on Wednesday:
** German conglomerate Thyssenkrupp TKAG.DE said it had
ended talks to sell its steel division to Britain's Liberty
Steel, citing differences over value and structure in a
potential deal. urn:newsml:reuters.com:*:nL8N2KN6SF
** Athene Holding Ltd ATH.N has expressed interest in
buying a 19.9% stake in American International Group Inc's
AIG.N life and retirement business, Athene's chief executive,
Jim Belardi, told Reuters. urn:newsml:reuters.com:*:nL1N2KN2F9
** Indian telecom operator Bharti Airtel Ltd BRTI.NS said
it will buy a 20% stake in its direct-to-home television arm
Bharti Telemedia from U.S. private equity firm Warburg Pincus
for 31.26 billion rupees ($429.31 million). urn:newsml:reuters.com:*:nL4N2KN2XL
** AEye Inc said it had agreed to go public through a merger
with a blank-check firm backed by financial services company
Cantor Fitzgerald, in a deal which values the lidar sensor maker
at $2 billion. urn:newsml:reuters.com:*:nL4N2KN2RQ
** EU antitrust regulators have rejected a request made by
Suez SEVI.PA to declare illegal Veolia's VIE.PA purchase of
a 29.9% stake in the French water and waste management company,
a European Commission filing showed. urn:newsml:reuters.com:*:nL1N2KN10G
** IHeartMedia Inc IHRT.O has agreed to buy E.W. Scripps
Co's SSP.O Triton Digital for $230 million, giving the U.S.
radio company access to audio advertising technology as it
focuses on its podcast business, the Wall Street Journal
reported. urn:newsml:reuters.com:*:nL4N2KN2P5
** The National Bank of Malawi (NBM), the country's largest
by market capitalization and assets, has acquired a 51% stake in
Tanzania’s Akiba Commercial Bank plc (ACB) in a deal worth $7.31
million, the Malawian lender bank said. urn:newsml:reuters.com:*:nL8N2KN3P5
** Chemicals technology company Origin Materials said it has
agreed to go public through a merger with blank-check firm
Artius Acquisition Inc AACQ.O , in a deal which values the
equity of the combined entity at $1.8 billion. urn:newsml:reuters.com:*:nL4N2KN2I8
** Oil and gas pipeline company Energy Transfer LP ET.N
said on Wednesday it would acquire Enable Midstream Partners
ENBL.N in a deal valued at about $7.2 billion. urn:newsml:reuters.com:*:nL4N2KN2IG
** KKR & Co Inc KKR.N said it has agreed to acquire
industrial firm Flow Control Group from private equity firm
Bertram Capital. urn:newsml:reuters.com:*:nL1N2KM1RO
** The private equity owner of Italy's Business Integration
Partners is working with Rothschild and Equita on a sale that
could value the Milan-based consultancy firm at up to 720
million euros ($868 million), three sources told Reuters.
urn:newsml:reuters.com:*:nL8N2KM63T
** The chief executive officer of French mining group Eramet
ERMT.PA said the company was considering options for its
Sandouville plant and Erasteel unit, including the divestment of
those assets. urn:newsml:reuters.com:*:nFWN2KN0CK
** U.S. investment firm Artisan Partners called on French
food group Danone DANO.PA to separate its medical nutrition
business from its baby foods unit to boost returns, French daily
Le Figaro reported. urn:newsml:reuters.com:*:nFWN2KN0JZ
** Signature Aviation SIGSI.L said it had agreed to sell
its engine repairs business to StandardAero for $230 million,
looking to streamline its business and focus on cash-generating
areas of the operation. urn:newsml:reuters.com:*:nL4N2KN1P8
** Swedish cloud computing services provider Sinch AB
SINCH.ST said it had agreed to buy communications company
Inteliquent for $1.14 billion in cash to expand its presence in
the United States. urn:newsml:reuters.com:*:nL8N2KN19B
(Compiled by Vishwadha Chander and Niket Nishant in Bengaluru)
((Vishwadha.Chander@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 80 6749 6132))