Deals of the day-Mergers and acquisitions
Oct 8 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1015 GMT on Tuesday:
** Honeywell HON.O said on Tuesday it would spin off its advanced materials business, which makes products used in everything from bullet-resistant armor to pharmaceutical packaging. nL4N3LK0SL
** Asset manager Ares Management Corp ARES.N said on Tuesday it will buy the international business of GLP Capital Partners in a deal valued at $3.7 billion. nL4N3LK0WI
** Britain's Vodafone VOD.L said on Tuesday it has deepened its strategic partnership with Alphabet's GOOGL.O Google in a ten-year, billion dollar plus deal that will bring the U.S. tech giant's new generative AI-powered devices to customers across Europe and Africa. nL4N3LK0I5
** Holcim HOLN.S has bought U.S. insulation systems OX Engineered Products, the cement maker said on Tuesday, its latest bolt-on acquisition to expand its products and solutions business. nTUC6YJ0MV
** Indonesian state-controlled miner PT Aneka Tambang (Antam) ANTM.JK has acquired a 30% stake worth $102 million in a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, the company said in an exchange filing. nL1N3LK013
** The chief of South Korea's Financial Supervisory Service ordered a probe into tender offers for Korea Zinc 010130.KS shares to monitor for any unfair trade practices, the financial watch dog said in a statement. nL1N3LK01U
** China's WuXi AppTec 603259.SS, 2359.HK said on Tuesday it was assessing options for continuing its cell and gene therapy manufacturing business, WuXi Advanced Therapies, but it has not entered any binding deals regarding the operations. nL4N3LJ1L4
(Compiled by Puyaan Singh in Bengaluru)
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