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Deals of the day-Mergers and acquisitions
Mar 8, 2024 3:33 AM

March 8 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Friday:

** EU antitrust regulators will decide by April 15 whether

to clear Coach parent Tapestry's $8.5 billion

acquisition of Michael Kors owner Capri Holdings ( CPRI ),

according to a European Commission filing.

** Shares in DS Smith ( DITHF ) rose more than 7%, a day

after bigger rival Mondi ( MNODF ) made a 5.14 billion pound

($6.58 billion) all-share offer to buy the British paper and

packaging group.

** Currys ( DSITF ), the British electricals retailer at the

centre of a potential takeover battle, said a deal to sell its

Greek unit would complete in the first half of April after it

was given the go-ahead by authorities there.

** British private equity investor Pollen Street Capital has

agreed to buy wealth manager Mattioli Woods for about

432 million pounds ($553.18 million), betting on the UK's wealth

management market.

** Activist fund Oasis Management is considering legal

action over Taisho Pharmaceutical's ( TAISF ) $5 billion

management buyout - Japan's largest to date - arguing that it

was deeply unfair to minority shareholders.

** Indonesia's Indosat Ooredoo Hutchison (IOH) is

set to begin a process to sell a minority stake in its fibre

business as early as March, in a deal that could value the asset

at over $1 billion, said two people with knowledge of the

matter.

** Australian gold miner Ramelius Resources ( RMLRF )

confirmed it is in discussions with Karora Resources ( KRRGF )

for a potential acquisition of the Canada-based mine operator.

** Asset manager Pacific Current Group ( TSRUF ) said its

unit has sold a 4% stake in GQG Partners for A$257.3

million ($170.3 million) via a block trade to institutional

investors.

** U.S. oil producer Hess said on Thursday it was

reviewing the timeline for closing its takeover deal by Chevron ( CVX )

after oil major Exxon signaled a potential

counter offer for Hess's Guyana assets.

** Engelhart Commodities Trading Partners is in talks to buy

smaller trading rival Trailstone, three sources familiar with

the subject said on Thursday.

** Small rocket maker Astra Space ( ASTR ) said on Thursday

it has agreed to be taken private by the company's CEO, Chris

Kemp, and CTO, Adam London, for 50 cents per share in cash for a

valuation of about $11.25 million.

** A Hungarian consortium including state fund Corvinus has

launched a 619 million euro ($677 million) public tender offer

for all the shares of Spanish train maker Talgo, a

deal set to face tough scrutiny in Madrid.

** Knorr-Bremse ( KNBHF ) announced on Thursday the sale of

its SafetyDirect product line, portal and operations to Rand

McNally.

(Compiled by Rajarshi Roy and Vallari Srivastava in Bengaluru)

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