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Deals of the day-Mergers and acquisitions

Published 22/03/2021, 09:00 pm
© Reuters.
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March 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday:

** Kenyan insurer Britam Holdings BRIT.NR is planning to sell its 48% stake in mortgage financier HF Group HFCK.NR , preferably to a lender, the Business Daily newspaper reported. Blackstone (NYSE:BX) Group Inc BX.N proposed a buyout of Australia's Crown Resorts Ltd CWN.AX in a deal valuing the casino operator at $6.2 billion, a markdown from the troubled company's value a year ago but a possible reprieve from regulatory pressure. Britain's competition watchdog is investigating if the $2.18 billion takeover of Simon & Schuster by publisher Penguin Random House to beef up its U.S. presence may hurt competition, it said. ByteDance said its video games unit, Nuverse, has agreed to acquire Shanghai-based gaming studio Moonton Technology, as it seeks to further expand into the video games business. British consumer goods company Reckitt Benckiser Group RB.L is considering selling its infant formula business in Greater China, in a deal that could value the business at more than $2 billion, two people with knowledge of the matter said.

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