Deals of the day-Mergers and acquisitions

Reuters03-10
Deals of the day-Mergers and acquisitions

Adds: Atlas Energy, Medtronic, Fairfax Financial, Raiffeisen Bank, Beazley

March 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:

** Atlas Energy AESI.N said it had signed a deal with Caterpillar CAT.N to secure about $840 million worth of power-generation equipment through 2029, a move aimed at locking in manufacturing capacity as U.S. electricity demand rises. nL4N3ZY0XI

** Medical device maker Medtronic <MDT.N> said it has agreed to buy U.S.-based Scientia Vascular in a deal valued at $550 million, aiming to expand its line-up of products used in stroke care.

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** Canadian investment firm Fairfax Financial <FFH.TO> said it had agreed to a $1.91 billion sale of part of its stake in Poseidon Corp, the parent company of marine and energy asset owner Atlas Corp and shipping operator Seaspan.

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** Austria's Raiffeisen Bank <RBIV.VI> is closing in on a deal to buy BBVA's <BBVA.MC> Romanian Garanti unit for about 550 million euros ($640.97 million), Bloomberg News reported, citing people familiar with the matter.

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** Specialty insurer Beazley BEZG.L has agreed to acquire renewable energy MGA kWh Analytics, the company said, in a deal aimed at expanding its underwriting capabilities in the fast-growing energy transition market.

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** Australian insurance broker AUB Group has completed the acquisition of UK insurance broking and underwriting platform PIHL Holdings (Prestige), strengthening its push into Britain's retail insurance market, the company said.

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** Life sciences firm Agilent Technologies <A.N> said on Monday that it will acquire privately held clinical pathology firm Biocare Medical in an all-cash deal valued at $950 million.

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** Shell <SHEL.L> said on Monday it will sell its Jiffy Lube lubricant shop chain to an affiliate of private equity firm Monomoy Capital Partners for $1.3 billion, as the oil major continues to shed non-core assets under CEO Wael Sawan's strategy to focus on higher-return businesses.

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** Private equity firm EQT AB EQTAB.ST is exploring a sale of open-source software company SUSE in a deal that could value it up to $6 billion (5.1 billion euros), according to two people familiar with the matter.

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** Judan Financial, a new subsidiary of Abu Dhabi's International Holding Company, said on Monday it had acquired a 50.1% stake in U.S.-based Alpha Wave, as it moves to build a global asset-management platform and expand its financial services portfolio.

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** Hospital operator Universal Health Services <UHS.N> said on Monday it would acquire virtual healthcare provider Talkspace <TALK.O> in a deal valued at $835 million, amid rising demand for behavioral health services.

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(Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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