Deals of the day-Mergers and acquisitions

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday:
** First Horizon Corp and Toronto-Dominion Bank Group have agreed to call off their $13.4 billion deal, the banks said.


** Holly Energy Partners LP said it has received a non-binding proposal letter from HF Sinclair Corp , under which HF Sinclair will acquire all outstanding shares not owned by the company.


** The European Commission cleared the proposed acquisition of Polish recycling company Alumetal by metals maker Norsk Hydro, without conditions.


** India's Adani Ports and Special Economic Zone Ltd said that it has completed the sale of its port in sanction-hit Myanmar for $30 million, significantly lower than its investment in the project.


** Vodafone and CK Hutchison are close to agreeing to a merger of their UK telecoms businesses, two sources said, in an expected 15 billion pounds ($19 billion) deal that would create the country's biggest mobile operator.


** Uniper expects two announced asset sales, requested by the European Commission in exchange for approving the German utility's bailout, to close soon, the company's chief financial officer told analysts.


** British asset manager Liontrust Asset Management plc has conditionally agreed to acquire GAM Holding AG in a deal that values the Swiss asset manager at CHF 107 million ($121.3 million), the companies said.


** Australian gold miner St Barbara Ltd , in a statement released , said it had received a higher bid for its Western Australian Leonara assets from Silver Lake Resources .


** Vonovia sold five properties to CBRE Investment Management for about 560 million euros ($620.4 million), as high interest rates and the surging cost of construction and energy weigh on property values.


** Private-equity firm Apollo Global Management is nearing a deal to buy U.S. aluminum products maker Arconic , the Wall Street Journal reported on Wednesday, citing people familiar with the matter.


** Australia's medical centre operator Healius recommended that its shareholders reject the A$1.52 billion ($1.01 billion) all-share takeover offer by Australian Clinical Labs .


** Callon Petroleum Co said on Wednesday it has agreed to acquire Permian basin-based Percussion Petroleum Operating II Llc in a cash-and-stock deal valued at about $475 million to strengthen its portfolio in the lucrative U.S. shale patch.


** Homecare services provider Option Care Health Inc said on Wednesday it is acquiring Amedisys Inc in an all-stock deal valued at $3.6 billion, including debt. (Compiled by Rajarshi Roy in Bengaluru; Editing by Janane Venkatraman)

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