Deals of the day Mergers and acquisitions | Reuters

2021-12-24 07:58:36 By : Ms. Linda Chang

Dec 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:

** France's BNP Paribas (BNPP.PA) and U.S. firm State Street Corp (STT.N) are vying to buy the custody business of Spanish lender BBVA (BBVA.MC) and have made indicative bids for the unit as they battle to build scale, three sources told Reuters. read more

** Activist investor Jana Partners disclosed an about 6.6% stake in Mercury Systems (MRCY.O) and said it would push the defense technology firm to consider options for its business, including a potential sale. read more

** Coller Capital Ltd, one of the world's biggest investors in private equity fund interests, is exploring options that include a sale of the business, people familiar with the matter said. read more

** HSBC's (HSBA.L) Indian asset management unit is buying the mutual fund arm of India's L&T Finance Holdings (LTFH.NS) for $425 million to strengthen its local operations, the bank said on Thursday. read more

** Shareholders at CNH Industrial (CNHI.MI) approved the spin-off of its truck-making business Iveco Group, the company said, completing a plan launched more than two years ago to reorganise its businesses. read more

** Sales engagement software maker Salesloft Inc said it raised funds from private-equity firm Vista Equity Partners at a $2.3 billion valuation, giving it a majority stake, as the company taps into the recent boom in the enterprise software sector. read more

** Citigroup Inc (C.N) said it is selling its consumer-banking business in the Philippines to UnionBank (UBP.PS) in the third of 13 planned exits from Asia franchises. read more

** Crocs Inc (CROX.O) said it would buy privately owned footwear label Heydude for $2.5 billion in a cash-and-stock deal, as the rubber clogs maker looks to take advantage of the pandemic-led surge in demand for casual shoes. read more

** Quidel Corp (QDEL.O), a maker of COVID-19 tests, agreed to buy Ortho Clinical Diagnostics Holdings (OCDX.O) for about $6 billion, less than a year since the Carlyle-backed firm went public. read more

** Automation Anywhere Inc, a software company backed by SoftBank Group Corp's (9984.T) Vision Fund, has agreed to acquire cloud computing company FortressIQ, according to people familiar with the matter. read more

** Brazilian oncology chain Oncoclinicas (ONCO3.SA) has signed a deal to acquire a 60% stake in Itaigara Memorial, an outpatient clinic located in the state of Bahia, with an option to increase ownership to 100% over the next four years. read more

** Betfair and Poker Stars owner Flutter Entertainment (FLTRF.L) is to buy Italian gaming operator Sisal for 1.62 billion pounds ($2.16 billion) in a deal it said would more than double its share of the Italian online gaming market to around 20%. read more

** Swiss building materials company Holcim (HOLN.S) said it was to buy residential roofing maker Malarkey Roofing Products in a deal valued at $1.35 billion to expand into the growing U.S. residential roofing market. read more

** China has set up a new national rare earths company, China Rare Earth Group Co, that will operate under the state asset regulator following a merger of three rare earth producing entities in the world's largest producer of the minerals.

** Brazilian financial technology provider Sinqia SA (SQIA3.SA) said it had bought NewCon, a local developer of software for consortiums, in its largest acquisition worth 422.5 million reais ($74.73 million). read more

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