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Deals of the day-Mergers and acquisitions
May 20, 2024 3:08 AM

May 20 (Reuters) - The following bids, merg ers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Star Entertainment said a consortium led by

Florida-based Hard Rock Hotels & Casinos is considering a bid

for the cash-strapped Australian firm, sending its shares 20%

higher.

** Landlord British Land Co Plc said it has sold

its 50% stake in Meadowhall Shopping Centre to its partner

Norges Bank Investment Management for 360 million pounds ($457.3

million).

** European private equity group EQT is in

advanced discussions to buy Dublin-based video game services

company Keywords Studios ( KYYWF ) for 2.2 billion pounds ($2.79

billion), the companies said in a statement.

** Bondholders of French IT company Atos have

rejected a buyout offer from Czech billionaire Daniel Kretinsky,

French weekly La Tribune reported on Saturday.

** Activist investor Cevian has taken a 3.12% stake in Swiss

insurer Baloise, the Swiss stock exchange said on

Saturday. The stake would be worth around 213 million Swiss

francs ($234 million) at current market prices, according to a

Reuters calculation.

(Compiled by Rajarshi Roy and Jaiveer Shekhawat in Bengaluru)

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