Deals of the day-Mergers and acquisitions

Reuters
Jul 24
Deals of the day-Mergers and acquisitions

July 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:

** France's Pernod Ricard <PERP.PA> has agreed to sell its Imperial Blue whisky brand to India's Tilaknagar Industries <TILK.NS> for an enterprise value of 412.6 million euros ($486 million), as the spirits group boosts its focus on premium labels.

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** Healthcare software firm Waystar <WAY.O> said on Wednesday it would buy privately held Iodine Software in a deal worth over $1.25 billion, including debt, to expand its use of artificial intelligence in healthcare payments and reduce claim denials.

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** Brazilian food delivery app iFood, owned by Dutch technology investor Prosus <PRX.AS>, is in advanced talks to buy meal voucher company Alelo for about 5 billion reais ($904.75 million), the Valor Economico newspaper reported on Wednesday, citing sources.

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** Spain's Sabadell SABE.MC pledged on Thursday to boost profits and payouts for shareholders, including from the recently-agreed sale of UK arm TSB, as the bank set out its case to remain independent in the face of a hostile bid from bigger rival BBVA.

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** Dubai-based Sidara is considering reducing the price of its takeover bid for Wood Group WG.L, as Britain's financial watchdog has launched a probe into the oilfield services provider, the Financial Times reported on Thursday, citing people familiar with the matter.

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** Healthcare software firm Waystar WAY.O said on Wednesday it would buy privately held Iodine Software in a deal worth over $1.25 billion, including debt, to expand its use of artificial intelligence in healthcare payments and reduce claim denials.

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** One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP's BP.L Castrol lubricants business, Bloomberg News reported on Wednesday, citing people familiar with the matter.

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(Compiled by Rajarshi Roy and Apratim Sarkar in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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