Deals of the day-Mergers and acquisitions
Adds: Expobank, CVC Capital Partners, Virgin Music, Updates: Shyft
Dec 16 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Monday:
** Shyft Group SHYF.O and Switzerland-based Aebi Schmidt will merge in an all-stock deal, the companies said, sending the U.S. specialty vehicle maker's shares up 13%. nL4N3NH0Y8
** Russia's Expobank said it had finalised its merger with HSBC's HSBA.L former Russian unit and entered the ranks of Russia's top 30 banks in terms of capital as a result. nL8N3NH17L
** CVC Capital Partners CVC.AS is considering purchasing Vivendi's VIV.PA stake in Telecom Italia TLIT.MI, a move that could pave the way for a potential takeover of the Italian telecommunications company, Bloomberg News reported.nL4N3NH171
** Virgin Music Group, the global independent music unit of Universal Music Group UMG.AS, said it will acquire Downtown Music in an all-cash deal valued at $775 million (737.32 million euros).nL4N3NH19K
** Private equity firm Carlyle has agreed to sell Italian firm Forgital, which manufactures forged components mainly for the aerospace sector, to U.S. alternative investment firm Stonepeak, the two companies said. nS8N3L1089
** Berkshire Hills Bancorp BHLB.N and Brookline Bancorp BRKL.O have agreed to merge in an all-stock deal valued at about $1.1 billion, the regional lenders said. nL4N3NH0YU
** Phillips 66 PSX.N said that it will sell a 25% non-operating equity interest in the Gulf Coast Express Pipeline to ArcLight Capital Partners for about $865 million. nL4N3NH0V3
** Wee Hur Holdings WHHL.SI, a Singapore-based real estate investment management firm, said that it will sell its student accommodation portfolio to real estate asset manager Greystar for a gross price of A$1.6 billion ($1.02 billion). nL4N3NH0OW
** Honeywell HON.O said it was considering a plan to separate its high-margin aerospace business, a move backed by activist investor Elliott Investment Management, which has been pushing for the company's breakup. nL4N3NH0PU
** Czech billionaire Daniel Kretinsky's EP Group said it agreed to certain terms with the UK government for its takeover of Royal Mail's parent, paving the way for a green light on the tightly-scrutinised deal. nL4N3NH0KR
** Thai tourism group Minor International MINT.BK has offered to buy out minority shareholders of Spain's Minor Hotels Europe & Americas NHH.MC, the Spanish company said late on Friday. nL8N3NH072
** German insurer Allianz ALVG.DE has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 billion, the company said in a statement. nL1N3NH05F
** Singapore's Capitaland Investment CAPN.SI said that it will acquire Australian investment manager Wingate Group's property and corporate credit investment management business for A$200 million ($127.32 million), in addition to an earn-out. nL4N3NH00C
** UniCredit CRDI.MI on Friday filed its buyout offer for rival Banco BPM BAMI.MI with Italy's market regulator, and CEO Andrea Orcel said the price was adequate. nL6N3NG02L
(Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
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