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Deals of the day-Mergers and acquisitions
Mar 6, 2024 3:17 AM

March 6 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on

Wednesday:

** One of Boeing's ( BA ) biggest customers, Dubai carrier

Emirates, threw its support behind a possible Boeing ( BA ) takeover of

Spirit AeroSystems ( SPR ), saying it would be a step towards

resolving the planemaker's industrial crisis.

** Italian shipbuilder Fincantieri is in talks with

Leonardo to buy the defence group's submarine unit

Whitehead Alenia Sistemi Subacquei (Wass), several newspapers

reported, sending its shares up more than 5%.

** The new price guidance in Piraeus Bank offering

was set at 3.9-4.0 euros per share, Greece's bank bailout fund

(HFSF) said.

** A consortium of investors in London Stock Exchange Group ( LDNXF )

sold about 1.9 billion pounds ($2.41 billion) of shares

in the London bourse owner, as it looks to cash in on rising

interest in LSEG's transition into a financial data powerhouse.

** Activist fund Oasis Management has bought a 9.6% stake in

Japan's Ain Holdings, sending the pharmacy operator's

shares 15% higher to their daily limit.

** Australia's fourth-biggest bank ANZ Group ( ANZGF ) said

it had agreed to sell around 546 million shares, or 16.5%

interest, in Malaysian lender AMMB Holdings (AmBank)

for about 2.10 billion ringgit ($443.69 million).

** Australian pension fund UniSuper said it had bought an

undeveloped site next to Sydney's planned new international

airport to develop a logistic hub worth around A$3.9 billion

($2.5 billion), its second major property deal in three weeks.

** Brazilian airline Azul said on Tuesday it has

not negotiated or approved any specific deal, as Bloomberg News

reported on Monday the company mulls the acquisition of its

rival Gol.

** Cadence Design Systems ( CDNS ) will buy BETA CAE Systems

International AG, which makes software for analyzing car and jet

engine designs, for $1.24 billion in cash and stock, Cadence

said on Tuesday.

(Compiled by Rajarshi Roy and Vallari Srivastava in Bengaluru)

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