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Deals of the day-Mergers and acquisitions
Sep 17, 2024 4:40 PM

Sept 17 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1930 GMT on Tuesday:

** The U.S. Transportation Department said it had agreed to

allow Alaska Airlines to close on its $1.9 billion

acquisition of Hawaiian Airlines, after the carriers

agreed to maintain key Hawaiian routes and adopt consumer

protections.

** Italian spirits group Campari said on Tuesday

it had bought a 14.6% stake in South Africa's Capevin Holdings

Proprietary Limited, which fully owns whisky maker CVH Spirits,

for £69.6 million.

** U.S. Steel CEO David Burritt said he was confident

Nippon Steel's ( NISTF ) $14.9 billion bid for his company would

"close on its merits," despite political opposition and concerns

raised in a national security review.

** Marlboro maker Philip Morris International's ( PM )

unit Vectura Fertin Pharma said it would sell its subsidiary

Vectura Group to Molex Asia Holdings for 150 million pounds

($198.09 million).

** Britain's Guardian Media Group (GMG) is in exclusive

talks to sell The Observer, the world's oldest Sunday newspaper,

to startup Tortoise Media, the companies said.

** UniCredit will seek ECB clearance to

potentially buy up to 30% of Commerzbank, three people

close to the matter said, in order to have the "flexibility" the

Italian bank's CEO Andrea Orcel said he needs to plan his next

move.

** U.S. utility firm AES Corp ( AES ) said it would sell a

30% indirect equity interest in its Ohio subsidiary to Canada's

second-largest pension fund CDPQ for $546 million, which will be

used to support infrastructure investments.

** Flutter Entertainment said it would buy

Snaitech for 2.3 billion euros ($2.6 billion) including debt

from gambling technology group Playtech ( PYTCF ), cementing its

position as the leading gambling firm in Italy.

** German broadcaster RTL and Paramount

have withdrawn their bid to merge Super RTL, a children's

television network, with Nickelodeon, the German cartel office

said.

** Spanish bank BBVA has no intention of

increasing its offer for smaller rival Sabadell,

Chairman Carlos Torres said.

** Turk Telekom's chief executive Umit Onal said , in

response to a question, that a merger by Turkey Wealth Fund of

its stake in his telecommunication company and that of Turkcell

is not on the agenda.

** London-based investment fund Davide Leone and Partners

(DL&P) said on Monday it had bought Telecom Italia

savings shares and currently owned one tenth of the total.

(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)

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