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Deals of the day-Mergers and acquisitions

Published 2021-01-05, 06:10 p/m
© Reuters.

(Adds Billie Inc, FlashParking Inc, Tikkurila Oyj and EIG Global Energy Partners; Updates Agnico Eagle Mines)

Jan 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2310 GMT on Tuesday:

** Procter & Gamble Co PG.N and Billie Inc, which sells women's razors and other body care products, have decided to terminate their planned merger agreement, the two companies said. Tikkurila Oyj TIK1V.HE agreed to PPG Industries Inc (NYSE:PPG)'s PPG.N increased buyout offer of 1.24 billion euros ($1.52 billion) after the Finnish paint maker received a competing proposal. Shares of Agnico Eagle Mines AEM.TO fell after it agreed to buy TMAC Resources TMR.TO for about C$286.6 million ($225 million), two weeks after Canada's government rejected Shandong Gold Mining's 600547.SS bid for the indebted company on national security grounds. U.S. parking management software maker FlashParking Inc said it would merge with Arrive Inc, an online platform that allows drivers to find and book parking spaces. EIG Global Energy Partners has sold to Fluxys Belgium FLUX.BR a portion of South America's biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG's CEO said. Indonesian ride-hailing and payment firm Gojek and e-commerce leader Tokopedia are in advanced talks to seal a $18 billion merger ahead of potential stock market listings in Jakarta and the U.S., people with knowledge of the matter said. Italian oil and gas group Eni ENI.MI has put on hold the sale of Australian gas assets it values at around $1 billion after they failed to attract satisfactory bids, two sources close to the matter said, confirming a press report. Mondelez International Inc MDLZ.O said it had acquired Hu Master Holdings that makes healthy snacks as demand for it rises among consumers working from home during the COVID-19 pandemic. British retailer Next NXT.L said it was part of a consortium bidding for some of the brands owned by stricken rival Arcadia, but it would not take a majority stake in a deal. Breaker, a popular podcast app, said it would be acquired by social media company Twitter Inc (NYSE:TWTR) TWTR.N and shut down its app and website next week.

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