Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Tuesday:
** Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 2.48 million Hong Kong-listed shares of electric vehicle maker BYD for HK$539.93 million ($68.78 million), a stock exchange filing showed.


** Private equity firm KKR & Co Inc has agreed to buy a significant stake in FGS Global in a deal that values the financial communications group at about $1.4 billion.



** Britain's MJ Hudson said it had agreed to sell its data & analytics, and business outsourcing units for 40 million pounds ($49.70 million) to financial services provider Apex Group.



** India's Glenmark Pharmaceuticals Ltd is considering selling a majority of the 82% stake it holds in Glenmark Life Sciences Ltd as it looks to lower its debt load, the Mint business daily reported.


**Ahli Bank in Oman said it received a non-binding offer from Oman's second-biggest lender Bank Dhofar for a possible merger.


** Apex Group Ltd said it was planning to acquire various operating businesses of MJ Hudson Plc, a provider of ESG ratings and management company services to the asset management industry, for an undisclosed sum.



** Appliances maker Electrolux , is looking for an alternative buyer for its factory in the U.S. city of Memphis as the intended buyer has failed to close the deal, the Swedish group said.



** Newmont Corporation laid down a best and final offer for Australia's Newcrest Mining Ltd at A$29.4 billion ($19.5 billion) to close a deal that would extend Newmont's lead as the world's biggest gold producer.


** Australia's OZ Minerals said its A$9.6 billion ($6.38 billion) buyout by BHP Group has received Vietnam's Competition and Consumer Authority's approval.
** Glencore Plc Chief Executive Gary Nagle plans to meet with some of Teck Resources Ltd's Canadian shareholders in Toronto this Thursday to personally lobby them for support of Glencore's proposed takeover of the copper and zinc miner, according to a source who was invited.


** The U.S. Federal Trade Commission opened a new front in its fight against the Intercontinental Exchange deal to buy Black Knight by asking a federal court for a preliminary injunction to halt the deal while its internal administrative process moves forward. (Compiled by Rajarshi Roy and Anne Florentyna Gnanaraja Sekar in Bengaluru)

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