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Deals of the day-Mergers and acquisitions

08/02/2022 | 05:51am EDT

Aug 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Uber Technologies is likely to sell a 7.8% stake in Indian food delivery firm Zomato through a $373 million block deal on Wednesday, according to a source familiar with the matter and a document seen by Reuters.

** Swedish engineering firm Trelleborg AB has agreed to acquire Minnesota Rubber and Plastics from private equity firm KKR & Co Inc for about $1 billion in cash, according to people familiar with the matter.

** Canada's Toronto Dominion Bank will buy New York-based boutique investment bank Cowen in a $1.3 billion all-cash deal to boost its presence in the high-growth U.S market.

** Russia's leading food retailer X5 Group said it would acquire controlling stakes in retailers Krasny Yar and Slata in eastern Siberia, significantly expanding its footprint in the region.

** Thai state-owned energy firm PTT Pcl said it had agreed to sell its coal unit to Indonesia's PT Astrindo Nusantara Infrastruktur Tbk for $471 million, as the company moves out of the coal business entirely.

** Gold Fields Chief Executive Chris Griffith said that convincing the company's shareholders to back its takeover offer for Canada's Yamana Gold was still a "work in progress."

** Ben & Jerry's and its parent Unilever Plc said talks had broken down to resolve their dispute over the sale of the ice cream maker's Israeli business, which would allow its products in the occupied West Bank.

** Shares in Zamp SA, franchise holder of the Burger King brand in Brazil, rose almost 19% on Monday after Abu Dhabi state investor Mubadala Capital LLC launched a tender offer to acquire control of the company.

** Hedge fund Greenlight Capital said it took a new stake in Twitter last month as the social media company sued to force Elon Musk to buy the company even as the billionaire entrepreneur said he has changed his mind about the deal.

** The U.S. Justice Department asked a federal jud ge on Monday to block a $2.2 billion merger of two of the "Big Five" book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King.

** Adler Real Estate overstated the value of one of its projects by up to 233 million euros ($239 million), Germany's financial regulator said on Monday, citing an ongoing audit of the company's financial statements. (Compiled by Rajarshi Roy and Manya Saini in Bengaluru)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADLER REAL ESTATE AG 0.00% 7.28 Delayed Quote.12.52%
COWEN INC. 0.18% 38.67 Delayed Quote.7.12%
EURO / BRAZILIAN REAL (EUR/BRL) 0.20% 5.1035 Delayed Quote.-18.71%
GOLD FIELDS LIMITED 0.64% 156.36 End-of-day quote.-10.21%
KKR & CO. INC. -0.53% 47.04 Delayed Quote.-36.86%
PT ASTRINDO NUSANTARA INFRASTRUKTUR TBK -3.90% 148 End-of-day quote.196.00%
PTT 0.00% 34.5 End-of-day quote.-9.21%
TESLA, INC. -1.11% 238.13 Delayed Quote.-31.64%
THE TORONTO-DOMINION BANK -3.65% 83.43 Delayed Quote.-9.80%
TRELLEBORG AB (PUBL) 0.18% 221.1 Delayed Quote.-7.19%
UBER TECHNOLOGIES, INC. 1.88% 29.73 Delayed Quote.-29.10%
UNILEVER PLC -0.39% 3932 Delayed Quote.-0.34%
X5 RETAIL GROUP 0.00% 0.5314 Delayed Quote.-97.99%
YAMANA GOLD INC. 2.69% 6.87 Delayed Quote.26.50%
ZAMP S.A. 6.50% 7.87 Delayed Quote.23.58%
ZOMATO LIMITED 2.34% 65.55 Delayed Quote.-53.38%
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