M&A

 Mergers & Acquisitions News (M&A)

• Dutch paints firm Akzo Nobel rejected a new $8.4B offer from Nippon Paint to proceed with its $25B merger with Axalta Coating Systems Bloomberg

• Blackstone, Apollo, and KKR will acquire a 49% non-controlling interest in five power plants from pipeline giant Williams for a $5.35B Bloomberg

• Aussie gold miner Regis Resources won't match a rival $3.9B bid for Vault Minerals made by Genesis Minerals Bloomberg

• $2.3B-listed UK Rolex retailer Watches of Switzerland Group is in talks to go private Reuters

• Regional lender First Hawaiian will buy California-based TriCo Bancshares in a $2B all-stock deal Reuters

• The renewables unit of India's Grasim Industries ​will buy Sprng Energy from Shell for $1.8B, including debt Reuters

• Plumbing supplies distributor Ferguson Enterprises will buy ​flow-control equipment provider FloWorks from Wynnchurch Capital for $1.6B ‌cash Reuters

• Aerospace parts maker TransDigm walked away from its $960M takeover of rival Stellant Systems after DOJ threatened to block the deal Bloomberg

• Canada's Greenfire Resources agreed to acquire Connacher Oil ​and Gas Limited for $900M cash Reuters

• UK PE firm Bridgepoint will acquire a majority stake in Danish defense tech firm UMag Solutions at a $286M valuation Bloomberg