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Deals of the day-Mergers and acquisitions

ReutersFeb 20, 2025 10:33 PM

Adds Celsius Holdings, Apollo Global, Frasers, Religare Enterprises

- The following bids, mergers, acquisitions and disposals were reported by 2220 GMT on Thursday:

Celsius Holdings CELH.O said it would buy energy drink brand Alani Nutrition in a $1.8 billion deal through a combination of cash and stock. nL3N3PB1ZO

Private equity firms Apollo Global Management and Sycamore Partners are among the bidders who are competing to acquire Family Dollar, a discount retail chain operated by Dollar Tree DLTR.O, according to people familiar with the matter. nL2N3PB14U

British sportswear and fashion group Frasers FRAS.L said it would not proceed with its bid for Norwegian sporting goods retailer XXL ASA XXL.OL, saying several of XXL's other large shareholders would not accept the offer. nL5N3PB1WT

India's Burman family has acquired control of financial services provider Religare Enterprises RELG.NS, a spokesperson for the billionaire group said. nL3N3PB1K4

A joint venture between Singapore Land , UOL Group among others and China Jinmao Holdings <0817.HK> has won the bid for the development of a residential site in Shanghai, the Singapore-listed companies said. nL3N3PB0XF

AstraZeneca will buy U.S. biotech firm FibroGen's FGEN.O China unit for about $160 million, in its latest deal to boost its presence in the country despite growing US-China trade tensions. nL3N3PB0YS

Hong Kong-listed Autohome 2518.HK said the financial conglomerate Ping An Insurance 601318.SS will cease to be its controlling shareholder after agreeing to sell a 41.91% stake in the company for $1.8 billion. nL3N3PB0SX

U.S. online real estate firm CoStar CSGP.O is preparing a A$2.7 billion ($1.72 billion) bid for Australian property classifieds firm Domain Holdings , said a person with direct knowledge of the matter. nL2N3PB0BO

Japan's Fuji Soft <9749.T> said that KKR now owns nearly 58% of the company after the second stage of a tender offer, ending a fierce battle with rival Bain Capital to take the software developer private. nL3N3PB0F4

Saudi Arabia's Aramco <2222.SE> has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, the company said in a statement late on Wednesday. nL2N3PB05C

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