Deals of the day-Mergers and acquisitions

Reuters
23 Jun
Deals of the day-Mergers and acquisitions

June 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:

** British healthcare real estate investor Assura <AGRP.L> recommended rival Primary Health Properties' <PHP.L> new 1.79 billion pound ($2.4 billion) takeover bid, which trumps a lower offer from KKR <KKR.N> and Stonepeak Partners.

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** Italian energy group Eni <ENI.MI> has sold a 20% stake in its retail and renewables business Plenitude to U.S. alternative investment manager Ares Management Corp <ARES.N> for about 2 billion euros ($2.3 billion), it said.

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** Precision instruments maker Spectris <SXS.L> agreed to a 4.4 billion pound ($5.9 billion) debt-inclusive takeover deal by private equity firm Advent over a rival proposal from KKR <KKR.N>, marking the biggest acquisition in Britain this year.

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** BBVA BBVA.MC could withdraw its offer for smaller rival Sabadell SABE.MC if conditions imposed by the Spanish government are too harsh, or if it were forced to accept the sale of Sabadell's British unit TSB.

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** Prosus PRX.AS is "very confident" of securing early EU antitrust approval for its 4.1-billion-euro ($4.72 billion) acquisition of Just Eat Takeaway.com TKWY.AS

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** Northern Trust's NTRS.O shares rose 5% in premarket trading on Monday after a Wall Street Journal report said Bank of New York Mellon Corp BK.N had approached the asset and wealth manager recently to express interest in a merger with its smaller rival.

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(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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