Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Deals of the day-Mergers and acquisitions

Stock MarketsJan 04, 2021 15:54
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

(Adds Partech Partners; Updates Fiat Chrysler, Brookfield Asset Management , Centene (NYSE:CNC))

Jan 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2045 GMT on Monday:

** Partech Partners online investment platform is aiming to take a stake in the fast-growing operator of Czech online food retailer rohlik.cz, a filing released by the Czech antitrust office showed. Fiat Chrysler (FCA) and PSA said that investors had given their blessing to a $52 billion merger to create the world's fourth largest automaker, and shares in the new company, named Stellantis, would start trading in two weeks. Canada's Brookfield Asset Management Inc BAMa.TO said it had offered to buy the remaining stake in its commercial real estate business, Brookfield Property Partners LP , BPY.O in a $5.9 billion deal. Health insurer Centene Corp CNC.N said it has agreed to buy Magellan Health Inc MGLN.O in a $2.2 billion deal including debt, looking to build up its mental health services as more Americans struggle with COVID-19-related behavioral and anxiety issues. Ladbrokes (LON:LCL) owner Entain ENT.L said that an $11 billion takeover approach from U.S. casino operator MGM Resorts MGM.N significantly undervalued its business, as companies move to capitalise on an expected boom in U.S. sports betting. Industrial conglomerate Teledyne Technologies Inc TDY.N said it will acquire thermal imaging camera supplier FLIR Systems Inc FLIR.O in a $8 billion cash-and-stock deal to beef up its portfolio of imaging sensor technology. Dental technology supplier Dentsply Sirona Inc XRAY.O has acquired Byte, a maker of custom teeth aligners, for $1.04 billion in cash, the companies said. Plumbing parts distributor Ferguson Plc FERG.L said it has agreed to sell its UK-focused business to a private investment firm for about 308 million pounds ($421.65 million), allowing the group to focus solely on its main U.S. business. Finland's Neste NESTE.HE has bought a minority stake in privately-held chemical recycling technology company Alterra Energy, enabling the pair to introduce the U.S. firm's technology to Europe. Japan's beer maker Kirin Holdings 2503.T will invest $30 million in New Delhi-based B9 Beverages, the companies said, as it seeks to secure a spot in India's growing craft beer market amid falling sales at home. Financial firm PT MNC Kapital Indonesia BCAP.JK has acquired a controlling stake in New York-based brokerage Auerbach Grayson & Company, previously owned by Egypt's Beltone Financial Holding BTFH.CA , the Indonesian firm said in a statement. Italian healthcare company Angelini said it would buy Swiss-based private equity-backed Arvelle Therapeutics in an all-cash transaction valuing the biopharmaceutical company up to $960 million. Martin Sorrell's S4 Capital SFOR.L said it had acquired two U.S.-based businesses for an undisclosed sum, as it moves faster to implement its revamped all-digital advertising strategy in Europe and elsewhere following Brexit. China's GEM Co Ltd 002340.SZ aims to double its stake in an Indonesian nickel development now delayed until 2022, taking majority control and buying most of stainless steel maker Tsingshan Holding Group's shares in the closely watched project. Activist investor Carl Icahn has sold more than half his stake in Herbalife (NYSE:HLF) Nutrition HLF.N back to the company for $600 million at $48.05 a share and has given up the five seats on the firm's board held by his representatives, Herbalife said in a statement. Australia's Link Administration Holdings Ltd LNK.AX said that U.S.-based SS&C Technology Holdings SSNC.O had withdrawn its offer to acquire Link Group.

Deals of the day-Mergers and acquisitions
 

Related Articles

How to Get Passive Income WITHOUT Dividends
How to Get Passive Income WITHOUT Dividends By The Motley Fool - Dec 04, 2021

Did you know that you can get passive income from stocks that don’t pay dividends? You might be surprised to learn that, but it’s true! Through a certain type of...

2 Top TSX Dividend Stocks to Buy in December
2 Top TSX Dividend Stocks to Buy in December By The Motley Fool - Dec 04, 2021

The market pullback is finally giving TFSA and RRSP investors a chance to buy top TSX dividend stocks at attractive or even undervalued prices. TC Energy TC Energy...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email