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Amer Sports to weigh raising up to $1.8bn in US IPO.
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Sunoco LP , a master limited partnership with core operations that include the distribution of motor fuel, agreed to acquire NuStar Energy L.P. , an independent liquids terminal and pipeline operator, for $7.3bn.
The transaction has been unanimously approved by the board of directors of both companies and is expected to close in the second quarter of 2024 upon the satisfaction of closing conditions.
NuStar Energy is advised by Barclays , Sidley Austin LLP and Wachtell, Lipton, Rosen & Katz (led by Igor Kirman and Zachary S. Podolsky). Sunoco is advised by Truist Securities , Vinson & Elkins and Weil, Gotshal & Manges LLP (led by Michael J. Aiello). Debt financing is provided by 美国银行 and Truist Securities .
Investment companies ARKHOUSE and Brigade Capital Management, LP offered to acquire Macy's , an American department store chain, for $5.8bn.
The offer was rejected. In light of the board's concerns, as well as the lack of compelling value in their non-binding proposal, Macy's has determined not to enter into a non-disclosure agreement or provide any due diligence information to Arkhouse and Brigade. Arkhouse threatened to bring the matter directly to Macy's shareholders if talks do not pick up.
Macy's is advised by 美国银行 , 富国银行 and Wachtell, Lipton, Rosen & Katz . The bidders are advised by Jefferies , Cadwalader, Wickersham & Taft LLP , Paul, Weiss, Rifkind, Wharton & Garrison LLP and Longacre Square Partners (led by Scott Deveau and Joe Germani).
Gaming Solutions - Groupe FDJ , a French gaming operator, agreed to acquire Kindred Group plc , an online gambling operator, for SEK28bn ($2.7bn)
"I'm delighted with today's transaction announcement between FDJ and Kindred, creating a leading European gaming operator with the financial and strategic capabilities to further expand its global footprint. I believe that combining with FDJ, Kindred can accelerate the delivery of long-term strategic projects, continue to grow in core markets, and provide a trusted source of entertainment to customers. It will also speed up our path towards 100% locally regulated revenue. I'm excited to bring Kindred's extensive experience and know-how into FDJ's organisation, contributing to the development of a leading online gaming business. I'm also very proud that FDJ acknowledges and values the skilled employees and strong assets within Kindred," Nils Andén, Kindred CEO.
Kindred is advised by Canaccord Genuity Group Inc. , Jefferies , 摩根士丹利 , PJT Partners and White & Case LLP .
索尼 Group and Zee Entertainment Enterprises Limited have officially called off a planned $10bn media merger in India after two years of drama and delay, abandoning their effort to create an entertainment giant in Asia’s biggest streaming market, Bloomberg reported.
The collapse of the deal in content-hungry India creates more uncertainty for TV broadcaster Zee in particular as competition heats up, with Disney also seeking to merge its Indian businesses with the media assets of billionaire Mukesh Ambani's Reliance.
Amer Sports to weigh raising up to $1.8bn in US IPO.
Amer Sports , the maker of Wilson tennis rackets and Salomon ski boots, is seeking to raise as much as $1.8bn in a US initial public offering, Bloomberg reported.
The company could market about 100m shares in a range of $16 to $18 each. Terms of the potential offering may be announced as soon as in the coming days.
The listing would be the biggest in the US since a crop of IPOs led by semiconductor designer ARM Holdings, LP $5.23bn offering in September failed to deliver a hoped-for rebound in the market.
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