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Deals of the day-Mergers and acquisitions

ReutersMay 16, 2025 1:37 PM

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday:

British healthcare REIT Primary Health Properties (PHP) <PHP.L> has offered a cash-and-stock deal to buy peer Assura <AGRP.L> for about 1.68 billion pounds ($2.23 billion), outbidding rival suitors KKR <KKR.N> and Stonepeak Partners.

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Charter Communications <CHTR.O> said it would buy privately held rival Cox Communications for $21.9 billion, uniting two of the largest U.S. cable and broadband operators as they battle streaming giants and mobile carriers for customers.

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Canadian oil and gas producer Strathcona <SCR.TO> said late Thursday it plans to launch a C$5.93 billion ($4.25 billion) hostile takeover bid for rival MEG Energy <MEG.TO>, aiming to create one of the country's largest oil sands companies.

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South Africa's Tiger Brands will sell its canned fruit business, Langeberg and Ashton Foods, as a going concern for a symbolic one rand to a new company set up by a consortium, the country's biggest food producer said.

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Embattled German trading group BayWa has received at least two offers for its Dutch grain and oilseed trading branch Cefetra, which the group has put up for sale as part of a wider attempt to cut debt, two sources close to the matter said.

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Singapore Telecommunications said it had sold around 1.2% of its stake in India's Bharti Airtel for S$2 billion ($1.54 billion), netting an estimated gain of S$1.4 billion.

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The Icelandic government said late on Thursday it had completed the sale of its 45.2% stake in Islandsbanki for 90.58 billion Icelandic crowns ($702.66 million), divesting a holding that was a legacy of the 2008 financial crisis.

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Mapletree Industrial Trust said it has agreed to sell three of its Singaporean industrial properties to Brookfield Asset Management for a total of S$535.3 million ($412.82 million).

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Australian online travel agency Webjet Group rejected a controlling stake bid of A$314 million ($201.02 million) from private equity firm BGH Capital, saying the offer undervalued the company.

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Utility Vistra said on Thursday it would acquire seven natural gas generation facilities, with a combined capacity of nearly 2,600 megawatts, from Lotus Infrastructure Partners for $1.9 billion, as it looks to meet growing power demand.

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