Aug 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:
** Britain's Competition and Markets Authority (CMA) said that Canadian cloud-based software firm Dye & Durham DND.TO should sell TM Group after its in-depth investigation identified competition concerns.
** NortonLifeLock's NLOK.O $8.6 billion purchase of rival Avast won provisional clearance from Britain, overcoming the final hurdle to creating a consumer security software giant and sending Avast shares to an all-time high.
** Uber Technologies UBER.N sold its 7.8% stake in Indian food delivery firm Zomato Ltd ZOMT.NS for $392 million via a block trade on local exchanges, two sources familiar with the matter told Reuters.
** British asset manager and insurer M&G MNG.L said it would acquire financial advice provider Continuum, as it looks to beef up its wealth business that provides insights, tools, and data to finance professionals.
** Rolls-Royce RR.L said it had secured the final regulatory clearance for the sale of ITP Aero to investors led by Bain Capital, with the completion of the 1.8 billion euro ($1.8 billion) deal expected in the coming weeks.
** Australia's New Hope Corp Ltd (NHC) said it bought a 15% stake in Malabar Resources Ltd for A$94.4 million ($65.25 million) to beef up its coal business amid a price boom.
** Twitter Inc TWTR.N is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company while also looking into his motivation for backing out of the deal, legal experts said.
** Brazilian petrochemical producer Braskem said on Tuesday it signed a contract to acquire shares in recycling company Wise Plasticos SA, reaching a stake of 61.1% in the company.
** Semiconductor supplier Semtech Corp SMTC.O will acquire Canada's Sierra Wireless Inc SW.TO in a deal valued at $1.2 billion, the companies said.
** Horror author Stephen King said writers will have fewer places to shop their books if Penguin Random House is allowed to merge with Simon & Schuster, in testimony in a trial to determine if the deal may go forward.
** The European Commission on Tuesday approved revised restructuring targets for Italian bank Monte dei Paschi di Siena (MPS) BMPS.MI and a new deadline for the government to sell its controlling stake.
** Russian oil producer Lukoil LKOH.MM has proposed to buy five of its Eurobond issues from holders, it said on Tuesday, adding that the consideration would be negotiated individually.
** Swedish engineering firm Trelleborg AB TRELb.ST has agreed to acquire Minnesota Rubber and Plastics from private equity firm KKR & Co Inc KKR.N for about $1 billion in cash, the companies said in a statement.
** Aviva AV.L has acquired Azur Underwriting's high-net-worth personal lines business in Britain and Ireland, the British insurer said on Tuesday, as it looks to build up its private clients business.
** The European Commission said on Tuesday it had approved D'Ieteren's acquisition of PHE under on condition that the buyer complies fully with merger commitments it offered.
- Forums
- World Events
- News: Deals of the day-Mergers and acquisitions