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Deals of the day-Mergers and acquisitions
Jul 18, 2024 3:11 AM

July 18 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** Apax Partners, Bain Capital and CVC are each

exploring potential bids for SoftwareOne, two people

with knowledge of the situation said, three months after the

ouster of the Swiss software company's board.

** Finnish energy group Fortum has agreed to

sell its recycling and waste business to investment company

Summa Equity for about 800 million euros ($875 million), it

said.

** U.S. vertical farming startup Plenty is forming a joint

venture with Mawarid, a subsidiary of Alpha Dhabi Holding

, in a $680 million deal to develop a network of

indoor farms in the Middle East, the companies told Reuters.

** Samsung Electronics ( SSNLF ) said it agreed to acquire

Oxford Semantic Technologies, a British startup specialising in

technology that can be used for more sophisticated artificial

intelligence (AI) applications.

** Darden Restaurants ( DRI ), owner of the Olive Garden ( DRI )

chain, has agreed to buy full-service restaurant operator Chuy's

Holdings in an all-cash deal which has an enterprise

value of $605 million, the companies said on Wednesday.

(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)

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