Deals of the day-Mergers and acquisitions
Adds Bellway, Clubessential, Lufthansa; Updates Ambuja Cements
June 13 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1945GMT on Thursday:
** Britain's Bellway BWY.L said it had made an all-share proposal to acquire Crest Nicholson CRST.L last month, which was rejected. nL4N3IB1H3
** Investment firms Battery Ventures and Silver Lake are exploring a sale of Clubessential Holdings, which they hope will value the club-management-software provider at close to $3 billion, according to people familiar with the matter. nL1N3IB0RF
** Adani-backed Ambuja Cements ABUJ.NS bought out smaller rival Penna Cement Industries PENC.NS for an enterprise value of 104.22 billion rupees ($1.25 billion), dialling up its presence in India's southern region. nL4N3IB10A
** Lufthansa LHAG.DE is likely to secure EU antitrust approval for its bid to buy a stake in state-owned Italian airline ITA, with regulators leaning towards clearing the deal, three people with direct knowledge of the matter said. nL1N3IB0KP
** Contract manufacturer Future Pak said it has raised the cash portion of its buyout offer as part of a final attempt to acquire Vanda Pharmaceuticals <VNDA.O>. [nL4N3IB10G]
** Australia's competition regulator flagged major concerns with Sigma Healthcare's SIG.AX proposed merger with retailer Chemist Warehouse Group to form a A$8.8 billion ($5.9 billion) company. nL4N3IB002
** Australia's Qantas Airways QAN.AX said it will acquire the remaining 49% stake in online travel business TripADeal for A$211 million ($140.6 million), as the airline seeks to capitalize on strong demand for holiday bookings. nL4N3IA1MW
** Sony Pictures Entertainment (SPE) 6758.T has acquired U.S. cinema chain Alamo Drafthouse Cinema, the companies said on Wednesday, in a move that will give the studio control over movie distribution. nL4N3IA1JW
(Compiled by Rajarshi Roy, Aishwarya Jain and Sourasis Bose in Bengaluru)
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