June 20 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:
** Britain's Tate & Lyle ( TATYF ) has struck a deal to buy
U.S.-based CP Kelco for $1.8 billion to boost its speciality
ingredients business and tap into demand for plant-based
products.
** British consultancy firm Alpha Financial Markets
Consulting said it has agreed to private equity firm
Bridgepoint's nearly 626 million pounds ($795.33
million) takeover proposal.
** NatWest ( NWG ) has struck a deal to acquire most of the
banking business of UK retailer Sainsbury's ( JSNSF ), the
companies said, in a deal that would increase the British
lender's assets by 2.5 billion pounds ($3.2 billion).
** Private equity firms Carlyle Group Inc ( CG ) and KKR
are the top bidders for U.S. credit card issuer Discover
Financial's $10 billion U.S. student loan portfolio, the
Financial Times reported.
** Nippon Steel's ( NISTF ) proposed acquisition of U.S. Steel
risks raising decarbonisation costs for Japan's top
steelmaker, an activist shareholder group said, urging the
company to address the takeover's impact on its climate goals.
** South Korea's SK Networks said it plans to
sell its 100% stake in SK Rent A Car Co Ltd to private equity
firm Affinity Equity Partners for 820 billion won ($592.59
million).
** Vanda Pharmaceuticals ( VNDA ) said on Wednesday that it
has rejected takeover offers from UK-based Cycle Pharmaceutical
and a revised bid from contract manufacturer Future Pak, adding
that both offers undervalue the U.S. drugmaker.
** Australia's competition regulator said the proposed
acquisition of Namoi Cotton by Singapore's Olam Agri
for A$144.9 million ($96.7 million) raised
competition concerns in the supply of cotton ginning
services.
** South Korea's SK Innovation, parent of the
country's largest oil refiner and battery maker SK On, is
expected to pursue a merger with energy affiliate SK E&S,
resulting in a 106 trillion won ($76.81 billion) asset company,
a South Korean newspaper reported.
** Business payments firm Corpay ( CPAY ) said on Wednesday
it would acquire GPS Capital Markets for $725 million as it
looks to scale its corporate payments business to nearly $2
billion by 2026.
** Vodafone Group ( VOD ) has sold a bigger-than-planned 18%
stake in India's Indus Towers, raising $1.82 billion
that will serve to reduce its debt, the British telecom group
said on Wednesday.
** Britain's competition regulator said on Wednesday it was
investigating whether Hewlett Packard Enterprise's ( HPE )
planned $14 billion acquisition of Juniper Networks ( JNPR )
would result in competition concerns in the country.
** Switzerland's financial regulator on Wednesday ruled that
the UBS takeover of Credit Suisse did not create any
competition concerns, despite recommendations from the country's
antitrust watchdog that it merited further scrutiny.
** Societe Generale has agreed to sell its
subsidiary Shine, which offers online business accounts, to
Ageras, the French bank said on Wednesday.
(Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)