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Deals of the day-Mergers and acquisitions
Jun 7, 2024 3:04 AM

June 7 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Italy's doValue has agreed to buy rival

Gardant in a cash-and-stock deal, the country's biggest bad loan

company said early, bulking up in the face of ebbing flow of

impaired debt due to banks' surprisingly healthy loan books.

** Intimate apparel designer and maker Hop Lun, backed by

U.S-headquartered global investment firm Platinum Equity, has

acquired Hong Kong-based P.H. Garment, according to a joint

statement.

** An Indian company tribunal approved the merger of

full-service carriers Vistara with larger rival Air India on

Thursday, according to an order dated June 6, bringing both Tata

group airlines a step closer to completing the deal.

** Emerson said on Thursday it had agreed to sell

its remaining stake in its Copeland joint venture to Blackstone

in a $3.5 billion deal, as the U.S. industrial firm

further streamlines its business to sharpen focus on automation.

** Investment banking firm Piper Sandler ( PIPR ) said on

Thursday, it had agreed to buy smaller rival Aviditi Advisors,

helping it expand in the lucrative market for private equity

deals.

** Brazilian restaurant chain operator Zamp has

agreed to buy the rights to operate the Starbucks brand

and some stores in the South American country, it said on

Thursday, sending its shares soaring.

(Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)

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