(Adds: Tempur Sealy International Inc, Hutchison, Viasat)
May 9 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on Tuesday:
** Tempur Sealy International Inc said it has agreed
to acquire mattress retailer Mattress Firm in a cash-and-stock
deal valued at around $4.0 billion, as the leading bedding maker
looks to grow its business and stem a post-pandemic weakness in
sales.
** Hutchison will likely reach a deal on merging
its Three UK mobile network with Vodafone's, said its chief
financial officer, although he added that getting the deal over
the line was difficult.
** Britain gave the green light to satellite company
Viasat's acquisition of rival Inmarsat, confirming the
$7.3 billion deal would not substantially reduce competition in
the supply of wifi on commercial flights.
** U.S. private equity group KKR & Co Inc and
Australia's Macquarie Asset Management are among potential
bidders for the waste and recycling management arm of
Singapore's energy group Sembcorp in a deal that could value the
unit at around $500 million, said two sources with knowledge of
the matter.
** JD Sports Fashion has proposed buying France's
Groupe Courir for an enterprise value of 520 million euros ($572
million), in what would be the British group's first acquisition
since setting out ambitious expansion plans in February.
** South African specialist logistics property group Equites said it plans to sell its logistics business in the
United Kingdom as a way to unlock value amid rising interest
rates impacting asset valuations.
** HSBC has agreed to buy out its China fund
management joint venture partner, two people familiar with the
matter said, as the Asia-focused bank pushes ahead with
expansion in the world's second-largest economy.
** Toronto-Dominion Bank's handling of "suspicious"
customer transactions was behind regulators' refusal to approve
the lender's $13.4 billion deal to buy First Horizon ,
the Wall Street Journal reported on Monday, citing people
familiar with the matter. (Compiled by Rajarshi Roy and Pratik Jain in Bengaluru)
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