Offers of the day-Mergers and acquisitions


Feb 11 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** Just Eat Plc shareholder Cat Rock has urged the online food delivery firm to pursue merger talks with an industry peer such as Takeaway.com, saying it did not trust the board to get the appointment of a new CEO right.

** Chroma Ate Inc, a Taiwanese provider of test and measurement equipment, has agreed to buy 20.5 percent of Israel’s Camtek Ltd for $74.3 million in cash, Camtek said.

** British retail tycoon Mike Ashley’s Sports Direct has withdrawn its offer to buy scandal-hit British cafe chain owner Patisserie Holdings, a source told Reuters.

** Norwegian bank DNB still plans to sell its 20-percent stake in stock market operator Oslo Bors VPS to Nasdaq, despite a higher bid by Euronext , the bank said.

** Some 38 percent of shareholders of Oslo Bors VPS have extended their support for Euronext’s offer for the Norwegian stock exchange operator, Euronext CEO Stephane Boujnah said.

** Pan-European stock market operator Euronext raised its offer for Oslo Bors, intensifying a bid battle with Nasdaq for the Norwegian stock market operator.

** A set of Indian investors are keen to join the infrastructure investment trust (InvIT) led by Brookfield Asset Management Inc to buy East West Pipeline Ltd (EWPL) for an enterprise value of 130 billion rupees ($1.83 billion), the Economic Times reported, quoting people aware of the development. (Compiled by Bharath Manjesh in Bengaluru)



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