Deals of the day-Mergers and acquisitions

Reuters11-18
Deals of the day-Mergers and acquisitions

Nov 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Tuesday:

** A consortium led by Brazilian investment group Fictor and unnamed investors from the United Arab Emirates agreed to buy embattled Brazilian lender Banco Master, Fictor said in a statement.

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** Dulux paint maker AkzoNobel <AKZO.AS> said that it plans to merge with paintmaker Axalta Coating Systems <AXTA.N> in a deal that will create a combined company with an enterprise value of $25 billion.

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** Swiss firm Cicor Technologies <CICN.S> said it has made a final revised offer for UK's TT Electronics <TTG.L>, introducing an all-cash option of 150 pence per share, alongside an alternative that offers Cicor shares.

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** ING Bank Slaski <INGP.WA> said that it had agreed to acquire the remaining 55% stake in Polish asset management company Goldman Sachs TFI from Goldman Sachs Asset Management International Holdings for 396 million zlotys ($108 million).

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** Amundi <AMUN.PA> is buying a 9.9% stake in London‑listed Intermediate Capital Group <ICGIN.L> to expand in private markets under its new three‑year strategic plan, Europe's largest asset manager said.

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** Chip manufacturer GlobalFoundries <GFS.O> said it has acquired Advanced Micro Foundry (AMF), a Singapore-based chipmaker that focuses on silicon photonics, a fast-growing field that is being used in artificial intelligence data centers and quantum computers.

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** Private equity firm Thoma Bravo has made an offer to acquire Clearwater Analytics <CWAN.N>, people familiar with the matter said, as the race to buy out the software provider to investment firms gathers pace.

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(Compiled by Rajarshi Roy and Arnav Mishra in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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