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Deals of the day-Mergers and acquisitions
Nov 29, 2024 2:55 AM

Nov 29 (Reuters) - The following bids, mergers,

acquisitions, and disposals were reported by 1030 GMT on Friday:

** Automotive components supplier TI Fluid has

agreed to a 1.04 billion pound ($1.32 billion) takeover by

Canada's ABC Technologies, expanding the combined group's reach

across the Americas, Europe, and Asia, the British company

said.

** Heidelberg Materials said on Thursday it had

struck a deal to buy Giant Cement Holding and its subsidiaries

for $600 million, the latest acquisition by the German cement

maker to expand its foothold in the U.S.

** Reliance Industries U.S. unit has bought a 21%

stake in U.S.-based helium production company Wavetech Helium

for $12 million, the conglomerate said on Thursday, in a move

aimed at expanding its low-carbon energy segment.

** Macquarie has proposed buying waste management

company Renewi ( SHMCF ) for 700.9 million pounds ($886.8

million), the companies said on Thursday, more than a year after

the asset manager's first attempt to take over the British

firm.

** U.S.-based investment group Fortress Investment Group

will buy British cafe-bar and restaurant chain Loungers

at an enterprise value of about 350.5 million pounds ($443.6

million), the two firms said on Thursday.

(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

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