Daily Deals - Mergers and Acquisitions
Article excerpt
((Automated translation by Reuters using machine learning and generative AI, please refer to the following disclaimer: https://bit.ly/rtrsauto)) (Adds: Grasim Industries, TransDigm, First Hawaiian, Optio Group, Greenfire Resources) The following public offers, mergers, acquisitions and divestitures were announced on Monday at 19:30 GMT: ** Grasim Industries' GRAS.NS renewable energy subsidiary will acquire Sprng Energy from British oil giant Shell SHEL.L in a deal worth $1.8 billion, including debt, making it one of India's largest clean energy acquisitions, the two companies announced on Monday. nL4N43F17V ** First Hawaiian FHB.O will acquire California-based TriCo Bancshares TCBK.O in an all-stock deal worth $2 billion, as it seeks to expand beyond Hawaii and strengthen its presence on the U.S. mainland. nL4N43F0VE ** Plumbing supplies distributor Ferguson Enterprises FERG.N announced on Monday that it has reached an agreement to acquire FloWorks from private equity firm Wynnchurch Capital for approximately $1.6 billion in cash, strengthening its portfolio of industrial flow control products and services. nL4N43F14K ** Greenfire Resources GFR.TO announced on Monday that it has reached an agreement to acquire privately held Connacher Oil and Gas Limited for approximately 1.27 billion Canadian dollars ($900 million) in cash. nL6N43F0VW ** London-listed Watches of Switzerland...
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Aircraft parts manufacturer TransDigm TDG.N announced on Monday that it was abandoning its planned $960 million acquisition of Stellant Systems, a portfolio company of Arlington Capital Partners.
