Oct 22 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:
** French investment company Wendel will acquire
U.S. asset investment firm Monroe Capital ( MRCC ), it said,
with an initial investment of $1.13 billion for 75% of the
company's shares.
** Ambuja Cements, India's No.2 cement maker, said
it would buy a nearly 47% stake in rival Orient Cement
for 37.91 billion rupees ($451 million), but analysts
raised doubts about the deal winning regulatory approval.
** French investment company Wendel announced its
acquisition of Monroe Capital ( MRCC ), with an initial
investment of $1.13 billion for 75% of the company's shares.
** Pub owner Hotel Property is asking shareholders
to reject the takeover bid from a consortium led by top investor
Charter Hall ( CTOUF ), saying that the offer undervalues the
firm and its prospects while questioning its timing.
** Brazilian pharmaceutical company EMS has offered to join
forces with rival Hypera to create the country's
biggest drug manufacturer, they said on Monday.
** Australia's Hotel Property Investments ( HTPIF ) said it
has recommended shareholders to reject the final takeover bid
from a consortium led by Charter Hall Retail REIT,
which valued the pub owner at A$755.8 million ($502.98 million).
** Stripe will buy stablecoin infrastructure provider
startup Bridge, the fintech said in a tweet on Monday without
disclosing the deal value.
** Funds managed by Brazilian investment bank BTG Pactual
received preliminary approval on Friday from the
country´s antitrust regulator to buy the hotel operations of
AccorInvest in Brazil for 1.7 billion reais ($300 million),
regulatory documents showed on Monday.
** Atlantic Union Bankshares ( AUB ) will buy smaller rival
Sandy Spring Bancorp ( SASR ) for $1.6 billion, they said on
Monday, as the regional lender looks to bolster its presence in
Northern Virginia and Maryland.
** Brazilian pharmaceutical company EMS has made an offer to
combine with peer Hypera, local newspaper Valor
Economico reported on Monday, as the latter's stocks plunged
following a major strategy change.
** Parcel services firm GLS, the international sister
business to the UK's Royal Mail, has agreed to buy a 20% stake
in Greece's ACS for 74 million euros ($80.06 million), their
parent International Distribution Services IDSI.L said on
Monday.
** Investment holding company Ocean Wilsons has
agreed to sell its 56.47% stake in Brazilian unit Wilson Sons
to shipping services provider SAS for 4.35 billion
reais ($764.9 million), it said on Monday.
** Nigeria has blocked Shell's sale of its entire
onshore and shallow-water oil operations, but approved a similar
deal by Exxon Mobil ( XOM ), the country's upstream oil
regulator said on Monday.
** Thoma Bravo-backed cybersecurity firm Sophos said on
Monday it would acquire Secureworks ( SCWX ) from Dell
Technologies ( DELL ) for $859 million in cash to strengthen its
product lineup for enterprise customers.
(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)