Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Adds Vivendi, Canadian mining firms, Celsius Network; Updates JetBlue) March 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2050 GMT on Wednesday:



** Bankrupt crypto lender Celsius Network revealed that it was speaking to another potential buyer and will seek additional bids, despite having an offer in hand from asset manager NovaWulf Digital Management.
** Canada will not force Chinese state-investors in three of its large mining companies to divest stakes, as such a move would create policy uncertainty, the natural resources minister told Reuters.
** French media group Vivendi hit antitrust hurdles in its quest to take over media group Lagardere , its chief executive said, as the company has a week to convince the European Commission over its proposed remedies.
** Microsoft said it would license Activision Blizzard's "Call of Duty" (CoD) to Sony for 10 years to address concerns raised by Britain over its $69 billion takeover of the games maker, according to a document published by the regulator.
** Russia-based private equity firm Insight Investment Group has acquired the Russian leasing arm of farm equipment maker Deere & Co , a state register of corporate entities showed.
** Specialty chemicals maker Solenis will buy disinfectant maker Diversey Holdings Ltd in an all-cash deal valued at $4.6 billion including debt, the companies said.
** Opko Health Inc said it signed a deal with Merck & Co Inc potentially worth up to $922.5 million for its experimental Epstein-Barr virus vaccine.
** The U.S. Justice Department's lawsuit seeking to halt JetBlue Airways Corp's planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines Inc was reassigned to a judge known for trying to speed cases along to trial.
** Warren Buffett's Berkshire Hathaway Inc has resumed its purchases of Occidental Petroleum Corp shares after a five-month hiatus, increasing its stake in the oil company to about 22.2%, a regulatory filing showed on Tuesday.
** Australia's Ventia Services Group said its top two shareholders - CIMIC Group and private-equity firm Apollo Global Management - have each sold 93 million shares in the company via an underwritten block trade.
** Australian online auto classifieds firm Carsales.com Ltd said it was seeking to raise A$500 million ($329.40 million) to buy an extra 40% stake in Brazil-based automotive digital marketplace Webmotors SA.
** AerCap Holdings NV said on Tuesday a unit of General Electric Co is selling 18 million shares, worth $1.12 billion, of the aircraft lessor through an underwritten public offering.
** Australian zinc miner New Century Resources recommended its shareholders accept South African precious metals producer Sibanye-Stillwater's takeover offer of A$144.1 million ($94.90 million).
** Brazil supermarket chain Assai said on Tuesday its controlling shareholder French food retailer Casino has started "preliminary" work to potentially sell part of its stake in Assai for around $600 million.
** Brazilian lender Santander Brasil SA said on Tuesday it will sell 40% of car-selling platform WebMotors to Australia's Carsales.com for 1.24 billion reais ($238.87 million).
** Bankrupt crypto lender Voyager Digital received court approval on Tuesday to sell its assets and transfer its customers to Binance.US in a deal valued at $1.3 billion, but the company faces additional hurdles before the sale becomes final.
** NYSE-owner Intercontinental Exchange Inc (ICE) and Black Knight Inc on Tuesday agreed to sell one of the mortgage data vendor's units to quell antitrust concerns, but said they would take the battle to court to save the deal, if necessary. (Compiled by Rajarshi Roy, Khushi Mandowara and Arshreet Singh in Bengaluru)

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