Deals of the day-Mergers and acquisitions

Reuters · 03/16/2021 10:30
Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:


** Private equity firm Kelso & Co is exploring a sale of Resolute Investment Managers which could value the multi-brand financial advisory firm at more than $1.5 billion, including debt, people familiar with the matter said. nL8N2LD61J


** U.S. drugmaker AbbVie Inc ABBV.N is in discussions to sell a roughly $5 billion portfolio of women's drugs acquired last year through its $63 billion purchase of Botox maker Allergan Plc, sources familiar with the matter told Reuters. nL1N2LD2SN


** Australian real estate developer Dexus DXS.AX said it had struck a deal to merge an unlisted property fund with a diversified real estate investment fund run by AMP Capital AMP.AX. nL1N2LD2WR


** Saudi Arabia's Almarai 2280.SE, the Gulf's largest dairy company, said it had agreed to buy frozen bakery item manufacturer and producer Bakemart in the United Arab Emirates and Bahrain for an enterprise value of 93.5 million dirham ($25.5 million). nL8N2LE134


** South Korea's SK Telecom 017670.KS, retailer Shinsegae Group and private equity firm MBK Partners were among those that entered non-binding, preliminary bids for the sale of eBay Inc's EBAY.O South Korean business, the telecom company and two sources with knowledge of the matter said. nL1N2LE0GL


** Canadian buyout firm Peloton Capital Management and Stephen Smith, the CEO of First National Financial Corp FN.TO, said they acquired proxy advisor Glass Lewis from the Ontario Teachers' Pension Plan Board and Alberta Investment Management Corp. nL1N2LD2QH


** Wizz Air's WIZZ.L largest investor Indigo Partners sold about half its stake in the Hungary-based low cost airline to institutional investors, a statement said, raising gross proceeds of around 400 million pounds ($553 million). nL8N2LE1M4


(Compiled by Eva Mathews in Bengaluru)

((Eva.Mathews@thomsonreuters.com;))