Deals of the day-Mergers and acquisitions

Reuters12-16
Deals of the day-Mergers and acquisitions

Dec 16 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Monday:

** U.S. specialty vehicle manufacturer Shyft Group SHYF.O and Switzerland-based Aebi Schmidt will merge in an all-stock deal, the companies said.

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** Czech billionaire Daniel Kretinsky's EP Group said it agreed to certain terms with the UK government for its takeover of Royal Mail's parent, paving the way for a green light on the tightly-scrutinised deal.

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** Thai tourism group Minor International MINT.BK has offered to buy out minority shareholders of Spain's Minor Hotels Europe & Americas NHH.MC, the Spanish company said late on Friday.

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** German insurer Allianz ALVG.DE has withdrawn its offer to acquire at least 51% of Singapore's Income Insurance for about $1.63 billion, the company said in a statement on Monday.

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** Singapore's Capitaland Investment CAPN.SI said on Monday that it will acquire Australian investment manager Wingate Group's property and corporate credit investment management business for A$200 million ($127.32 million), in addition to an earn-out.

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** UniCredit CRDI.MI on Friday filed its buyout offer for rival Banco BPM BAMI.MI with Italy's market regulator, and CEO Andrea Orcel said the price was adequate.

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** Singapore-based real estate investment management firm Wee Hur Holdings WHHL.SI said that it has agreed to sell its student accommodation portfolio to U.S.-headquartered real estate asset manager Greystar for a gross price of A$1.6 billion ($1.02 billion).

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(Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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