Deals of the day-Mergers and acquisitions

Reuters
Aug 13
Deals of the day-Mergers and acquisitions

Adds: MFE-MediaForEurope, Hudbay Minerals, Mercedes-Benz Updates: Gildan Activewear, Sapiens International Corp

August 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1335 GMT on Wednesday:

** MFE-MediaForEurope <MFEB.MI> said it had secured a 40.38% stake in Prosiebensat.1 <PSMGN.DE> as of 1200 GMT under the Italian group's ongoing public takeover offer for the media company so far.

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** Gildan Activewear <GIL.TO> has agreed to buy U.S. undergarments maker Hanesbrands <HBI.N> for $2.2 billion in cash and stock, the companies said, as the Canadian firm looks to expand its foothold in basic apparel.

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** Hudbay Minerals <HBM.TO> said Mitsubishi Corp <8058.T> will buy a 30% stake in its Copper World project in Arizona for $600 million, boosting financing and strategic backing for the U.S. copper mine.

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** Mercedes-Benz <MBGn.DE> is in advanced talks with France's BNP Paribas <BNPP.PA> about the sale of the German carmaker's leasing subsidiary Athlon, Bloomberg News reported.

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** Sapiens International Corporation, a provider of software solutions to the insurance industry, announced that it is being acquired by private equity investor Advent for $2.5 billion in an all-cash deal.

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** China-headquartered medical device maker Kangji Medical <9997.HK> said on Tuesday it had received a go-private proposal from a consortium backed by investment firm TPG <TPG.O>, valuing the firm at HK$11.17 billion ($1.42 billion).

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** Cenovus Energy <CVE.TO> is in talks with Canadian Indigenous groups to jointly buy MEG Energy <MEG.TO>, Bloomberg News reported on Tuesday, citing people familiar with the discussions.

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** Perplexity AI made a $34.5 billion unsolicited all-cash offer for Alphabet's <GOOGL.O> Chrome browser on Tuesday, a bid far above its own valuation as the startup reaches for the browser's billions of users pivotal to the AI search race.

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** Turkey's largest hospital operator Acibadem has agreed to buy an 80% stake in Bayindir Hospitals from Is Bankasi for $55 million, Acibadem's Chairman Mehmet Ali Aydinlar said on Tuesday.

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(Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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