Deals of the day-Mergers and acquisitions

Reuters
Mar 09
Deals of the day-Mergers and acquisitions

Adds: Universal Health Services, Chevron, Fenerali Updates: EQT

March 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:

** Hospital operator Universal Health Services <UHS.N> said it would acquire virtual healthcare provider Talkspace <TALK.O> in a deal valued at $835 million, amid rising demand for behavioral health services.

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** Oil producer Chevron <CVX.N> is in advanced talks with Brazilian conglomerate Ultrapar <UGPA3.SA> to purchase a 30% stake in fuel distributor Ipiranga, Brazil Journal reported , citing two sources familiar with the matter.

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** EQT <EQTAB.ST> said it had agreed to buy a 42% stake in Yorkshire Water's parent firm Kelda Holdings, one of the sector's largest recent investments at a time when Britain’s privatised water companies are grappling with high debts and rising public anger over sewage spills and service failures.

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** Italy's biggest insurer Generali <GASI.MI> has agreed to sell its Irish and Northern Irish property and casualty (P&C) operations to Zurich's <ZURN.S> local branches for 337 million euros ($388.7 million) in cash, it said .

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** U.S. fund Apollo's <APO.N> sports investment arm Apollo Sports Capital will complete the acquisition of 55% of Spanish football club Atletico Madrid on March 12, Spanish newspaper Expansion said, citing sources.

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** Life sciences firm Agilent Technologies <A.N> said that it will acquire privately held clinical pathology firm Biocare Medical in an all-cash deal valued at $950 million.

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(Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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