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Deals of the day-Mergers and acquisitions
Mar 21, 2024 3:21 AM

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)

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