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Deals of the day-Mergers and acquisitions

Published 2020-12-09, 06:00 a/m
© Reuters.

(Adds AMS , Exor, FFP)

Dec 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Austrian sensor maker AMS AMS.VI is putting German lighting group Osram's OSRn.DE Digital Systems unit up for sale as it takes full control of the company, people close to the matter said. Exor EXOR.MI the holding company of Italy's Agnelli family, said it would invest around 80 million euros ($97 million) through a reserved capital increase to become the largest shareholder of Chinese luxury company Shang Xia. Peugeot SA PEUP.PA family holding company FFP said it has raised its stake in the French carmaker by 2% to 14.38%. Shareholders in Tesco TSCO.L can look forward to a 5 billion pound ($6.7 billion) windfall in the new year after the group said it would complete a $10.6 billion sale of its Asian businesses to Thailand's CP Group. U.S. private equity firm Platinum Equity said it would buy electronics distributor Ingram Micro Inc from a unit of Chinese aviation and shipping conglomerate HNA Group in a $7.2 billion deal. Medical supplies provider Baxter International Inc (NYSE:BAX) BAX.N has approached medication management software vendor Omnicell Inc OMCL.O with an offer to acquire it for more than $5 billion, people familiar with the matter said. High-speed specialty cables maker Amphenol Corp (NYSE:APH) APH.N said on Wednesday it would buy MTS Systems Corp MTSC.O in a $1.7 billion deal, beefing up its range of sensor and sensor-based products. German agriculture group BayWa BYWGnx.DE has agreed to sell 49% of its renewable division to Energy Infrastructure Partners AG (EIP) for 530 million euros ($642 million), sending its shares to their highest level in nearly two years. Canadian oil producer Whitecap Resources Inc WCP.TO said it has agreed to buy rival TORC Oil & Gas Ltd TOG.TO in an all-stock deal valued at about C$552 million ($430.81 million). MTG MTGb.ST has agreed to buy mobile racing games maker and publisher Hutch Games for up to $375 million to speed up growth and broaden its gaming portfolio, sending shares in the Swedish firm sharply higher.

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