MergerLinks Daily Review

MergerLinks Daily Review

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M3 and Dai-ichi are bidding to acquire Benefit One from Pasona Group for up to $2bn.

KKR to acquire Greenvolt for $1.3bn. (Financial Sponsors)?

Klabin to acquire forestry business from Arauco for $1.16bn.

Take-Two bet $12bn on Zynga, just as mobile games tumbled.

EU's top court rejects UPS $1.9bn claim for blocked merger.

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M3 and Dai-ichi are bidding to acquire Benefit One from Pasona Group for up to $2bn.

M3 , a company mainly engaged in the provision of services centering on the platform of healthcare, and Dai-ichi Life Holdings, Inc. , a private insurance company, are bidding to acquire Benefit One USA , a company mainly engaged in the provision of corporate welfare agency services and other membership services, from Pasona Group Inc. Global Network , a Japanese employment and staffing solutions provider, for up to $2bn.

Japan’s Dai-ichi Life plans to raise the amount it is willing to pay to buy Benefit One, offering a roughly 6% premium to December 21 closing share price.

KKR to acquire Greenvolt for $1.3bn. (FS)

KKR , an investment company, offered to acquire Greenvolt Group , an energy production from residual forest biomass company, for $1.3bn.

KKR’s Gamma Lux fund offered €8.3 ($9) a share for Greenvolt, an 11% premium on the company’s closing share price on December 20. The green energy firm’s stock jumped to the offer price when trading resumed after being suspended by Portugal’s stock market regulator earlier on December 21.

Klabin to acquire forestry business from Arauco for $1.16bn.

Klabin , a paper producing, exporting and recycling company, agreed to acquire forestry business from ARAUCO , a wood pulp, engineered wood and forestry company, for $1.16bn.

“This is a great opportunity in operational and financial terms, which will reduce the need to purchase third-party wood, increase the competitiveness of the Company's costs, and create value for its shareholders,” Marcos Ivo, Klabin CFO.

Take-Two bet $12bn on Zynga, just as mobile games tumbled.

Excitement over the upcoming release of Grand Theft Auto VI is letting publisher Take-Two Interactive deflect investor attention from a big problem: its $12bn foray into the shrinking mobile-games business, Bloomberg reported.?

With just a small presence in the fastest-growing segment of video games — titles played on smartphones — Take-Two splurged last year on Zynga, known originally for Facebook games like FarmVille and Words With Friends. It was the biggest deal ever in video games and boosted revenue from mobile titles to half of Take-Two’s $5.3bn in annual sales.

EU's top court rejects UPS $1.9bn claim for blocked merger.

美国联合包裹服务 , the world's No. 1 logistics company, lost its court fight for a record €1.74bn ($1.9bn) compensation claim from EU antitrust regulators for blocking its 2013 bid for Dutch rival TNT快递 , Reuters reported.

The European Commission had stopped UPS' planned €5.2bn ($5.69bn) acquisition of TNT because it had not offered enough remedies to allay concerns that the deal would hurt consumers.

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