(Adds TPG, Snam, Home Capital, Fastcase, UBS, Iberdrola, Credit Suisse)
April 4 (Reuters) - The following bids, mergers, acquisitions and disposals were
reported by 1600 ET on Tuesday:
** Private equity firm TPG Inc said it has agreed to buy a majority stake in Elite,
a vendor of business management software for law firms, from information provider Thomson
Reuters Corp at a valuation of $500 million.
** Italian gas grid operator Snam and the De Nora family have launched an offer to
jointly sell a 5% stake in electrode maker Industrie De Nora, Snam said.
** Canada's antitrust regulator said it is reviewing the potential acquisition of Canadian
lender Home Capital Group Inc by privately held peer Smith Financial Corp.
** As artificial intelligence pushes deeper into the legal industry, Fastcase and vLex are
merging in a deal the legal research companies said Tuesday would speed up the creation of AI
tools for lawyers.
** UBS has secured a temporary green light from EU antitrust regulators to complete
its acquisition of Credit Suisse but will still have to request clearance under EU
merger rules, the European Commission said.
** Iberdrola , Spain's leading power utility, on Tuesday said it had signed a draft
deal worth $6 billion to sell more than 8,400 megawatts of combined cycle gas capacity in Mexico
to asset manager Mexico Infrastructure Partners.
** The Bank of England has approved UBS Group AG's takeover of Credit Suisse Group
AG in the United Kingdom, people familiar with the process told Reuters, a key market
for the Swiss lenders racing to close the rescue deal.
** Private equity firm Apollo Management has made what it said was a final offer to buy John
Wood Group for 1.66 billion pounds ($2.1 billion) in cash, after the British oilfield
services and engineering firm rejected four earlier proposals.
** The chief executive of Brazilian cosmetics maker Natura & Co Holding SA said
the company is now focused on a disciplined capital allocation after agreeing to sell luxury
brand Aesop to L'Oreal .
** Nano Dimension Ltd further sweetened its bid for the remaining stake in
Stratasys Ltd and hinted at taking the offer directly to the company's shareholders in
case it faced another rejection.
** TD Bank Group should abandon or renegotiate its $13.4 billion acquisition of U.S.
lender First Horizon as the regional banking crisis has unearthed unknown risks, some
small shareholders told Reuters.
** Australian aged-care provider Estia Health Ltd said it will provide its suitor
Bain Capital with a limited period of access to the company's non-public financial and other
information on hopes of a revived and improved proposal.
** British asset manager Rathbones said it had agreed to acquire the UK wealth
business of Investec in an all-share deal that values the unit at 839 million
pounds ($1.04 billion).
** Australian nickel miner Mincor Resources recommended its shareholders vote in
favour of a A$750.3 million ($509.08 million) buyout bid from Wyloo Metals, owned by Australian
mining magnate Andrew Forrest.
** World Wrestling Entertainment Inc will combine with Endeavor Group-owned mixed martial arts franchise UFC to form a new, publicly listed entertainment giant valued at
about $21 billion, the companies said.
** Copper and zinc miner Teck Resources rejected an unsolicited $22.5 billion bid
from Glencore Plc , citing reluctance to expose its shareholders to thermal coal, oil,
LNG and related sectors. (Compiled by Priyamvada C, Rajarshi Roy and Yuvraj Malik in Bengaluru)
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