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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:


** Japanese trading house Sojitz 2768.T said it had bought the takeout sushi businesses of Sushi Avenue Inc in the United States for an undisclosed sum, as part of a drive to expand its seafood operations.


** AXA IM Prime, a unit of AXA Investment Managers, will acquire a 20% stake in French private credit firm Rivage Investment, the two companies said in a joint statement.


** Hewlett Packard Enterprise (HPE) HPE.N is expected to secure unconditional EU antitrust approval for its $14 billion acquisition of gear maker Juniper Networks JNPR.N, people familiar with the matter said.


** Global miner BHP Group BHP.AX and Canada-listed Lundin Mining LUN.TO will jointly take over developer Filo Corp FIL.TO for C$4.5 billion ($3.25 billion), the companies said, as they move to progress the South American projects.


** Regional lender Renasant Corp RNST.N has agreed to buy smaller rival The First Bancshares FBMS.N in an all-stock deal valued at $1.2 billion, the Mississippi-based banks said.


** Investment firm Pondera Holdings is exploring options for Whisker, including a sale of its controlling stake that could value the maker of self-cleaning cat litter boxes at close to $1 billion, according to people familiar with the matter.


** Hedge funds Nut Tree Capital Management and Caspian Capital have made a sweetened bid to acquire fuels storage and transporter Martin Midstream Partners MMLP.O, according to a letter seen by Reuters.


** Investment firm Sixth Street will acquire Enstar ESGR.O for $5.1 billion, in a deal backed by former Treasury Secretary Steven Mnuchin and billionaire J Christopher Flowers, the insurer said.


(Compiled by Rajarshi Roy and Harshita Mary Varghese in Bengaluru)

((Harshitamary.varghese@thomsonreuters.com))

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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