March 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:
** U.S. fund Elliott is in exclusive talks to combine its
Italian bad loan business with doValue, a rival loan
manager whose main shareholders are Japan's Softbank Group ( SFTBF )
and Bain Capital Credit, doValue said .
** Logistics real estate specialist Tritax Big Box
would buy UK Commercial Property (UKCP) to create UK's
fourth largest REIT in a deal valuing its smaller rival at about
924 million pounds ($1.18 billion), the firms said .
** Directors at Nationwide Building Society and takeover
target Virgin Money said they would "unanimously"
recommend the proposed 2.9 billion pound ($3.71 billion) deal to
independent Virgin Money shareholders.
** Czech utility CEZ said it would acquire a
55.21% stake in gas distributor GasNet for 846.5 million euros
($926 million) from Macquarie Asset Management.
** Japan's AZ-Com Maruwa ( MUKCF ) said it was launching a
tender offer for Chilled & Frozen Logistics at 3,000
yen per share.
** Private equity firm Apollo Global Management ( APO ) has
offered $11 billion for Paramount Global's ( PARAA ) Paramount
Pictures film studio, a person with knowledge of the offer said
on Wednesday, adding to takeover interest in the media
conglomerate.
** KKR said on Wednesday it would buy a majority
stake in Avantus, a U.S. developer of large utility-scale solar
and solar-plus-storage projects.
** Energy firm Shell said on Wednesday it had sold
its 50% stake in SouthCoast Wind Energy, established to develop
wind projects off the coast of Massachusetts, to its joint
venture partner Ocean Winds North America for an undisclosed
sum.
(Compiled by Rajarshi Roy in Bengaluru)