Deals of the day-Mergers and acquisitions
Adds: Hershey's, Synopsys, ReNew Energy Global
Dec 11 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 2030GMT on Wednesday:
** Hershey's HSY.N main controlling owner has rejected Mondelez International's MDLZ.O preliminary takeover offer, terming it as too low, Bloomberg News reported, citing people familiar with the matter. nL4N3NC1B2
** Chip design software company Synopsys SNPS.O has offered to sell an Ansys ANSS.O unit on top of one of its own in a bid to win EU approval for its $35 billion acquisition of the chip design software company, three people with direct knowledge of the matter said. nL1N3NC0WO
** Some of the biggest investors in ReNew Energy Global RNW.O have offered to take the company private, filings to the U.S. Securities And Exchange Commission (SEC) show, in a proposed deal that values the generator at $2.82 billion, according to Reuters calculations. nL4N3NC111
** Albertsons ACI.N terminated its $25 billion bid to merge with Kroger KR.N after courts blocked the deal and sued its rival, alleging a breach of contract that led to the deal's demise. nL4N3NC0ZP
** Patterson Companies PDCO.O has agreed to be taken private for about $4.1 billion by health investment firm Patient Square Capital, the animal and dental health equipment supplier said. nL4N3NC0TI
** Jubilant Bhartia Group said it would buy a 40% stake in Coca-Cola's KO.N largest bottler in India, as the Indian conglomerate plans to foray into the country's "high growth" beverage sector. The group did not disclose the financial terms of the deal. However, Indian media reports said it was worth 125 billion rupees ($1.47 billion). nL4N3NC0QU
** Europe's biggest online retailer Zalando ZALG.DE plans to buy About You YOUG.DE in a deal valuing the smaller rival at 1.13 billion euros ($1.19 billion), the companies said, marking the next big move to consolidate Europe's online apparel market. nL8N3NC09S
** Danish financial technology company Ageras said it had received approval from French banking watchdog ACPR to acquire Shine, the digital banking unit of Societe Generale SOGN.PA. Financial details for the deal were not disclosed. nL8N3NC0K1
** Indonesian telcos XL Axiata EXCL.JK, Smartfren Telecom FREN.JK and its unit Smart Telcom (SmartTel) have agreed to merge to create an entity with an enterprise value of 104 trillion rupiah ($6.5 billion), the companies said. nL1N3NC02W
** Denmark's Orsted ORSTED.CO said it has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwan's Cathay Life Insurance for about 11.6 billion Danish crowns ($1.64 billion). nL8N3NC09W
** U.S. private equity firm Bain Capital is set to raise its offer price for Japan's Fuji Soft 9749.T to 9,600 yen ($63.35) per share, the Nikkei newspaper reported, trumping a recently increased tender offer bid from rival KKR KKR.N. nL4N3NC0CD
** Story3 Capital Partners has offered to take scrubs maker Figs FIGS.N private, the private equity firm's spokesperson said on Tuesday, citing questionable growth and margin improvement. nL4N3NB1UZ
** Norton and Avast owner Gen Digital GEN.O has agreed to buy fintech firm MoneyLion ML.N in an all-cash deal valued at about $1 billion to beef up its consumer finance offerings, the companies said on Tuesday. nL4N3NB10E
** Walgreens WBA.O is in talks to sell itself to private equity firm Sycamore Partners, WSJ reported on Tuesday, citing people familiar with the matter. nL4N3NB1EB
(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)
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