Deals of the day-Mergers and acquisitions
Adds: Updates:
Oct 22 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:
** French investment company Wendel MWDP.PA will acquire U.S. asset investment firm Monroe Capital MRCC.O, it said, with an initial investment of $1.13 billion for 75% of the company's shares.
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** Ambuja Cements ABUJ.NS, India's No.2 cement maker, said it would buy a nearly 47% stake in rival Orient Cement ORCE.NS for 37.91 billion rupees ($451 million), but analysts raised doubts about the deal winning regulatory approval.
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** French investment company Wendel MWDP.PA announced its acquisition of Monroe Capital MRCC.O, with an initial investment of $1.13 billion for 75% of the company's shares.
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** Pub owner Hotel Property HPI.AX is asking shareholders to reject the takeover bid from a consortium led by top investor Charter Hall CHC.AX, saying that the offer undervalues the firm and its prospects while questioning its timing.
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** Brazilian pharmaceutical company EMS has offered to join forces with rival Hypera HYPE3.SA to create the country's biggest drug manufacturer, they said on Monday.
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** Australia's Hotel Property Investments HPI.AX said it has recommended shareholders to reject the final takeover bid from a consortium led by Charter Hall Retail REIT CQR.AX, which valued the pub owner at A$755.8 million ($502.98 million).
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** Stripe will buy stablecoin infrastructure provider startup Bridge, the fintech said in a tweet on Monday without disclosing the deal value.
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** Funds managed by Brazilian investment bank BTG Pactual BPAC11.SA received preliminary approval on Friday from the country´s antitrust regulator to buy the hotel operations of AccorInvest in Brazil for 1.7 billion reais ($300 million), regulatory documents showed on Monday.
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** Atlantic Union Bankshares AUB.N will buy smaller rival Sandy Spring Bancorp SASR.O for $1.6 billion, they said on Monday, as the regional lender looks to bolster its presence in Northern Virginia and Maryland.
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** Brazilian pharmaceutical company EMS has made an offer to combine with peer Hypera HYPE3.SA, local newspaper Valor Economico reported on Monday, as the latter's stocks plunged following a major strategy change.
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** Parcel services firm GLS, the international sister business to the UK's Royal Mail, has agreed to buy a 20% stake in Greece's ACS for 74 million euros ($80.06 million), their parent International Distribution Services IDSI.L said on Monday.
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** Investment holding company Ocean Wilsons OCN.L has agreed to sell its 56.47% stake in Brazilian unit Wilson Sons PORT3.SA to shipping services provider SAS for 4.35 billion reais ($764.9 million), it said on Monday.
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** Nigeria has blocked Shell's SHEL.L sale of its entire onshore and shallow-water oil operations, but approved a similar deal by Exxon Mobil XOM.N, the country's upstream oil regulator said on Monday.
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** Thoma Bravo-backed cybersecurity firm Sophos said on Monday it would acquire Secureworks SCWX.O from Dell Technologies DELL.N for $859 million in cash to strengthen its product lineup for enterprise customers.
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(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)
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