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Deals of the day-Mergers and acquisitions
Jun 26, 2024 3:12 AM

June 26 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Philips shares were up more than 2.5% Wednesday

in the wake of a U.S. Securities and Exchange Commission (SEC)

filing showing Exor, the investment arm of Italy's

Agnelli family, has increased its stake in the Dutch healthcare

technology group.

** Japan's JX Advanced Metals, a unit of Eneos Holdings ( JXHGF )

, said it has agreed to sell an additional 19% stake in

the operator of Caserones copper mine in Chile to Canada's

Lundin Mining ( LUNMF ) for $350 million.

** Nasdaq said it has cancelled plans to sell its

Nordic power trading and clearing business to Europe's biggest

power bourse, the European Energy Exchange (EEX).

** British investment trusts Alliance Trust ( ALITF ) and

Witan have agreed to merge to create a company managing

5 billion pounds ($6.33 billion) of assets, in the latest

example of consolidation in the fund management sector.

** U.S. meal delivery group Doordash ( DASH ) flagged an

interest in a takeover of Britain's Deliveroo ( DROOF ) last

month, two people familiar with the matter told Reuters.

** Investment funds Antin, Cinven, CVC,

KKR and Permira have filed offers to buy Spanish

pharmaceutical company Rovi's third-party

manufacturing business, newspaper Expansion reported citing

unidentified market sources.

** British insurer Phoenix Group Holdings ( PNXGF ) said it

plans to explore a potential sale of its SunLife business.

** Zurich Insurance announced a $600 million deal

to buy AIG's global personal travel insurance and

assistance business.

** Vedanta Resources will sell a 2.6% stake in Indian

metals-to-oil firm Vedanta to a group of institutional

investors, the former said in a statement.

** Investment holding company PCCW ( PCWLF ) said it would

sell a 40% stake in Regional Link Telecom Services through a

unit for $870 million to CM Capital.

** Private equity firm Kimmeridge, through its subsidiary

Kimmeridge Texas Gas, has acquired a 90% stake in proposed U.S.

liquefied natural gas export project Commonwealth LNG, it said

on Tuesday.

(Compiled by Rajarshi Roy and Abhinav Parmar in Bengaluru)

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