Deals of the day Mergers and acquisitions – Reuters

February 24, 2022 by No Comments

Feb 23 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Wednesday:

** Britain’s largest drugstore chain Boots has set a Feb. 24 deadline to receive indicative bids from a series of deep-pocketed investors that could value the 173-year old firm at up to 8 billion pounds ($10.88 billion), two sources told Reuters. read more

** Tenneco Inc (TEN.N) has agreed to be bought by private-equity firm Apollo Global Management Inc (APO.N) for $1.64 billion in cash, the U.S. auto-parts maker said. read more

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** Italian bank BPER Banca (EMII.MI) said it had received a non-binding offer for its merchant payment business from fast-growing Italian payments giant NEXI (NEXII.MI).

** Britain’s Vodafone (VOD.L) is looking to sell its entire 28.1% stake in Indus Towers Ltd (INUS.NS), India’s largest cell tower firm, the telecom group said. read more

** Brazilian rental car firms Localiza (RENT3.SA) and Unidas, formally known as Companhia de Locacao das Americas (LCAM3.SA), are close to selling assets to win approval from antitrust watchdog Cade for their merger, newspaper O Estado de S. Paulo reported. read more

** Bluesource and Element Markets, two private equity-backed providers of products and services such as carbon credits to companies seeking to take action on climate change, said they had agreed to merge. read more

** Hong Kong’s power company CLP Holdings (0002.HK) is contemplating to offload its EnergyAustralia retail business, Bloomberg News reported citing people familiar with the matter.

** The world’s No. 1 logistics company, United Parcel Service Inc (UPS.N), …….

Source: https://www.reuters.com/markets/deals/deals-day-mergers-acquisitions-2022-02-23/

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