Offers of the day-Mergers and acquisitions – 11/12/2024 at 10:59 p.m.

Offers of the day-Mergers and acquisitions – 11/12/2024 at 10:59 p.m.
Offers of the day-Mergers and acquisitions – 11/12/2024 at 10:59 p.m.

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Mises à jour; ajoute Pfizer, DCC, Premier Group, Commerzbank,
Exxon Mobil, ValueAct Capital, Alerion Clean Power,
UnitedHealth, Honeywell, Spirit Aerosystems, BBVA, Brigade
capital)

The following deals, mergers, acquisitions and divestitures were reported at 2140 GMT on Tuesday:

** Spirit AeroSystems SPR.N said on Tuesday it would receive $107 million in advance payments from Airbus.

** Hedge fund Brigade Capital is receiving a $300 million investment from Blackstone BX.N to help develop its new private credit strategy and expand its collateralized loan obligation (CLO) platform, two people said people aware of the matter.

** The hostile takeover bid from the Spanish bank BBVA

BBVA.MC over smaller rival Sabadell SABE.MC, aiming to create a bank with assets of more than 1 trillion euros ($1.06 trillion), faces competition review more thorough, Spain's competition watchdog said on Tuesday.

** U.S. energy investment firm Aethon Energy Management is exploring options for its natural gas production and midstream assets that include a sale or initial public offering at a valuation of around $10 billion , including debt, people familiar with the matter said Tuesday.

** Spirit AeroSystems SPR.N said Tuesday it would receive up to $350 million in advance payments from its major customer Boeing BA.N , giving the struggling supplier a lifeline as he is burning cash after four consecutive years of losses.

** Activist investor Elliott Investment Management said Honeywell HON.O is expected to split into two separate companies on Tuesday, following in the footsteps of other industrial conglomerates that have split in recent years.

** The Justice Department and three U.S. states filed a lawsuit Tuesday to block UnitedHealth Group UNH.N's $3.3 billion purchase of Amedisys Inc AMED.O, fearing the deal could harms competition in the home health services market, the ministry said.

** Italian energy group Alerion Clean Power ARN.MI said on Tuesday it had created a 50-50 joint venture with a unit of regional firm Alperia to develop and manage a portfolio of wind farms in the southern Puglia region.

** ValueAct Capital has taken a $1 billion stake in Meta Platforms META.O but is not seeking big changes at the parent company of Facebook and Instagram, a source with knowledge of the matter told Reuters on Tuesday. case.

** Major U.S. oil producer Exxon Mobil Corp told Reuters by four sources familiar with the matter.

** Commerzbank CBKG.DE is considering the acquisition of a mid-sized German bank as part of its strategy to combat a possible takeover by Italy's UniCredit

CRDI.MI, three people familiar with the matter told Reuters.

** South African food producer Premier Group

PMRJ.J has 1.1 billion rand ($60.91 million) available for acquisitions, it said on Tuesday, after reporting a 32.4 percent rise in interim profit.

** Dublin-based conglomerate DCC DCC.L said on Tuesday it would put its healthcare division up for sale and review options for its technology business to focus on energy, its largest unit and the fastest growing.

** Pfizer PFE.N is exploring the sale of its hospital drugs unit, as the drugmaker, which has come under pressure from activist investor Starboard Value, seeks to shed non-core assets, according to three people familiar with the subject.

** Cryptocurrency data provider Kaiko said it is acquiring European cryptocurrency index provider Vinter in a bet on the growth of the European digital assets market.

** Warehouse owner Segro SGRO.L said it would buy six Tritax EuroBox EBOX.L properties in Germany and the Netherlands for 470 million euros ($499.1 million) as part of an agreement with Brookfield Asset Management Ltd BAM.TO.

** Basque steel maker Sidenor has hired investment bank Alantra ALNTA.MC to buy up to a 29.9 percent stake in Spanish train maker Talgo TLGO.MC , El Confidencial website reported, citing several sources close to the matter.

** Drug distributor Cardinal Health CAH.N said on Monday it would take a majority stake in gastroenterology care platform GI Alliance (GIA) and buy diabetes drug supplier Advanced Diabetes Supply Group (ADSG) in two transactions worth a total of approximately $3.9 billion.

**Australian poker machine giant Aristocrat Leisure

ALL.AX has agreed to sell its mobile game developer Plarium for up to $820 million to Stockholm-listed Modern Times MTGb.ST as it moves into real-money gaming markets.

** Endeavor Group EDR.N will sell its OpenBet and IMG Arena businesses to Hollywood broker Ari Emanuel-backed OB Global Group for about $450 million, the sports and entertainment company said on Monday .

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