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Deals of the day-Mergers and acquisitions
Sep 25, 2024 8:09 PM

Sept 19 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1000 GMT on

Thursday:

** Renewable developer Sonnedix is increasing its solar

power capacity in Italy with a series of acquisitions, its CEO

told Reuters, adding the company was also looking at

opportunities to develop battery storage projects in the

country.

** The sale of a stake in the Middle East, North Africa and

central Asia Starbucks franchise operated by Kuwait's

AlShaya Group is on hold, two people with knowledge of the

process said.

** Shares in German property firm Deutsche Wohnen

jumped as much as 25% on Thursday as it started talks about a

full takeover offer from its parent company Vonovia.

** Close Brothers Group has agreed to sell its

wealth management unit, Close Brothers Asset Management (CBAM),

to private equity firm Oaktree Capital Management for up to 200

million pounds ($265 million).

** UniCredit was able to buy 4.5% of Commerzbank

from the German state because the government trusts

the Italian bank, its CEO said in a newspaper interview, ruling

out any "aggressive" moves such as an unsolicited buyout bid.

** Seiko Epson ( SEKEF ) said it plan to buy all equity

interests of U.S. printing service provider Fiery LLC for about

$592.5 million in a bid to accelerate growth in the digital

printing businesses.

** Chesapeake Energy's $7 billion acquisition of rival

natural gas producer Southwestern Energy is expected to close

early in the fourth quarter, CEO Nick Dell'Osso said on

Wednesday.

** U.S. utility Vistra ( VST ) announced on Wednesday it

would acquire the 15% equity it does not already own in its

subsidiary Vistra Vision for nearly $3.25 billion in cash.

** Mobile games developer Playtika said on

Wednesday it would acquire peer SuperPlay in a deal that could

go up to $1.95 billion, which would bring popular games such as

Bingo Blitz and Dice Dreams under the same umbrella.

** WillScot Holdings ( WSC ) mutually terminated its $3.8

billion acquisition of McGrath RentCorp ( MGRC ), the latter

said on Wednesday.

(Compiled by Rajarshi Roy and Aatreyee Dasgupta in Bengaluru)

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