Oct 23 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:
** Austrian steelmaker Voestalpine has agreed to
sell its German subsidiary Buderus Edelstahl to investment firm
Mutares, the companies said, without disclosing the
purchase price.
** Frontier Airlines is exploring a renewed bid for Spirit
Airlines ( SAVE ), the Wall Street Journal reported on Tuesday,
citing people familiar with the matter.
** Singapore's GIC and Australia's Macquarie are
looking at selling their stake of roughly 30% in Philippine
renewable energy firm Energy Development Corp (EDC), a deal that
could fetch $2 billion, two sources with knowledge of the matter
said.
** Bankrupt Tupperware Brands agreed on Tuesday to sell its
business to a group of lenders for $23.5 million in cash and
over $63 million in debt relief, canceling its plans for an
open-market auction of its assets.
** Hong Kong-listed First Pacific ( FPAFF ) said on
Wednesday that its unit Metro Pacific Investments Corp ( MPCFF )
is selling its stake in Philippine Coastal Storage &
Pipeline Corp, an import terminal operator, valuing it at $296
million.
** Martin Midstream Partners ( MMLP ) said on Tuesday it
stood behind its planned takeover by its largest shareholder,
after two hedge funds which made a competing bid said they
planned to try and rally shareholders to vote against the deal.
** J.M. Smucker said on Tuesday it would sell its
cookie brand, Voortman, to U.S.-based premium snacks maker
Second Name Brands in a $305 million all-cash deal.
** Barclays ( JJCTF ) has re-entered negotiations with
Brookfield Asset Management ( BAM ) about a deal to sell a
stake in its British merchant payments business to the Canadian
asset manager, Sky News reported on Tuesday.
(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)