Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

(Adds Rent-A-Center, Nestle, Leonard Green and Partners, Yatirim Holding, Skoda Transportation, Vivarte, Torrent Pharmaceuticals , Vintage Capital)

Nov 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

** Nestle NESN.S announced its second small coffee acquisition in as many months on Friday, buying Texas-based Chameleon Cold-Brew as it seeks to bolster its world-leading coffee business. U.S. private equity firm Leonard Green and Partners is set to acquire a controlling stake in British gym operator Pure Gym from CCMP Capital Advisors, the firms said in a statement. Turkish investment firm Global Yatirim Holding will focus on renewable energy and infrastructure projects and look to buy an asset manager, its chairman said, as part of a shift in strategy since an investment from London-based fund Centricus. Investor Daniel Kretinsky, the majority owner of central European energy group EPH, is near a deal to buy Czech bus and rail car manufacturer Skoda Transportation, a source with knowledge of the talks said on Friday. Private-equity backed French clothing retailer Vivarte, which is aiming to restructure some 1.3 billion euros ($1.5 billion) of debt, said it had sold Spanish shoes brand Merkal to private investment firm OpCapita. Torrent Pharmaceuticals TORP.NS said on Friday it would buy more than 120 brands from Unichem Laboratories UNLB.NS in India and Nepal, and its manufacturing plant at Sikkim. Vintage Capital on Friday offered to buy U.S. furniture retailer Rent-A-Center Inc RCII.O for about $693 million, a week after the company said it was exploring strategic options after coming under pressure from two activist investors. Germany's Continental AG CONG.DE said it was buying Israel's Argus Cyber Security, whose technology guards connected cars against hacking.

** Malaysian state energy company Petronas PETR.UL and Aramco are facing "technical issues" in finalising the Saudi oil major's $7 billion investment in a refinery project, but the deal will be completed soon, state news agency Bernama reported. Unilever ULVR.L UNc.AS said it would buy the specialty tea brand Tazo from Starbucks (NASDAQ: SBUX ) in a deal valued at $384 million. Westpac Banking Corp WBC.AX said it had agreed to sell its Hastings fund management business to a London-based asset manager, in the latest move by a big Australian bank to offload a capital intensive division. T-Mobile US TMUS.O and Sprint S.N are working to salvage their $74 billion merger and could reach a deal within weeks, the Wall Street Journal reported, citing people familiar with the matter. British energy supplier Centrica CNA.L has bought Belgian demand response aggregator REstore for 70 million euros ($82 million), it said.

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