Deals of the day-Mergers and acquisitions
Adds: Schenker, Vianode, Kinaxis Updates: Tapestry
Sept 9 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1943 GMT on Monday:
** CVC CVC.AS is improving its offer for Deutsche Bahn's logistics business Schenker, with the private equity firm asking for a fair assessment of its bid by the German railway's board and supervisory board in a letter seen by Reuters on Monday.
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** Norway's Hydro NHY.OL said on Monday it would acquire an additional 20% of battery materials maker Vianode, increasing its stake to 50% and resulting in an equal ownership with private equity fund Altor.
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** Investment firm Daventry Group has urged Kinaxis KXS.TO to put itself up for sale, calling the Canadian software company a high quality asset that many buyers would pay a "healthy premium" to own.
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** Permira has agreed to increase its offer price to take website-design software company Squarespace SQSP.N private, now valuing the deal at $7.2 billion, the companies said on Monday.
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** Progress Software PRGS.O said on Monday it would buy Cloud Software Group's unit ShareFile for about $875 million, as the AI-powered software firm looks to boost its enterprise product portfolio.
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** Private equity firm THL Partners on Monday agreed to acquire a majority stake in AMI [RIC:RIC:AMISC.UL], in a deal that people familiar with the matter said valued the provider of semiconductor software at roughly $600 million.
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** B. Riley RILY.O has entered into exclusive negotiations with a global asset manager to sell a 53% stake in its Great American Group business, valuing it at around $380 million, the investment bank said on Monday.
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** The U.S. Federal Trade Commission urged a federal judge in New York to block Tapestry's TPR.N $8.5 billion merger with rival handbag maker Capri Holdings CPRI.N at a trial on Monday, arguing it will eliminate fierce competition in the market for "accessible luxury."
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** Exxon Mobil XOM.N has pulled out of the race to buy half of Galp Energia's GALP.LS stake in a large oil discovery in Namibia that has attracted interest from top energy companies, sources with knowledge of the matter said.
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** Japan's Seven & i said that Couche-Tard's low takeover bid was the reason it would not agree to advisor talks between the companies or to sign a non-disclosure agreement.
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** Canada's Alimentation Couche-Tard ATD.TO said it was willing to engage in confidential discussions with Japanese retail giant Seven & i Holdings 3382.T on its $38.5 billion takeover offer, as it remains keen on pursuing a buyout.
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** Shares of Hostmore MOREH.L plunged more than 70% as the British restaurant operator dropped plans to buy TGI Fridays after it was removed as the manager of TGIF Funding, which owns the right to collect royalties from the pub chain franchise.
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** Czech train maker Skoda is interested in a potential merger with Spain's Talgo TLGO.MC after the Spanish government struck down a takeover bid by a Hungarian consortium, Spanish newspaper El Economista reported, citing Chief Operating Officer Zdenek Svata.
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** Swedish investment firm EQT EQTAB.ST has agreed to acquire a controlling stake in global healthcare outsourcing firm GeBBS Healthcare Solutions for over $850 million, two people with knowledge of the deal said.
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** Canadian methanol producer Methanex MX.TO said on Sunday it will acquire Dutch green fuel-maker OCI Global's OCI.AS methanol business in a $2.05 billion deal.
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(Compiled by Rajarshi Roy, Priyanka.G and Puyaan Singh in Bengaluru)
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