Deals of the day-Mergers and acquisitions
Adds: Zuora, LVMH, PAI Partners, CSN, Sanofi, PPG Industries, Fuji Soft
Oct 17 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:
** Fuji Soft 9749.T founder and shareholder Hiroshi Nozawa said in a letter to the company, seen by Reuters, that he supports U.S. buyout fund Bain Capital's takeover bid for the Japanese software developer. nL1N3LT0CY
** French billionaire and LVMH LVMH.PA chairman Bernard Arnault has teamed up with energy drinks company Red Bull to buy a controlling stake in French second-tier soccer club Paris FC, the Arnault family office said. nL1N3LT0GO
** Billing software firm Zuora ZUO.N said it has entered into a definitive agreement to be acquired by buyout firm Silver Lake and Singaporean wealth fund GIC in a deal valued at $1.7 billion. nL4N3LT18C
** A consortium led by French private equity firm PAI Partners has submitted a new, higher offer for Sanofi's SASY.PA consumer health business Opella, a source close to the matter said, confirming reports in French media. nL1N3LT0F3
** Brazilian steelmaker CSN's CSNA3.SA deal to sell a stake in CSN Mineracao CMIN3.SA to Japan's Itochu 8001.T implies a 26% premium over the previous closing price for shares in its mining subsidiary, a securities filing showed late on Wednesday. nL6N3LT0GG
** PPG Industries PPG.N said it would sell its architectural coatings business in the U.S. and Canada to American Industrial Partners for about $550 million. nL4N3LT120
** Schneider Electric SCHN.PA will pay about $850 million for a controlling stake in Motivair Corp, a specialist in liquid cooling for high-performance computing, the French firm said, beefing up offerings for rapidly growing data centres. nL1N3LT05Y
** Spanish steel maker Sidenor sent a letter stating it was considering a tender offer for part or all the shares of train manufacturer Talgo TLGO.MC, the latter said late on Wednesday in a filing to the stock market regulator. nL1N3LT070
** N Brown Group BWNG.L said its fourth biggest shareholder Joshua Alliance will buy the British online retailer for about 191 million pounds ($247.9 million). nL4N3LT0JW
(Compiled by Rajarshi Roy in Bengaluru)
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