April 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:
** Japan's Mitsui & Co ( MITSF ) said it had teamed up with
Rohto Pharmaceutical Co ( RPHCF ) to buy Eu Yan Sang
International in a deal valuing the Singapore-based traditional
Chinese medicines firm at S$800 million ($594 million).
** Britain's antitrust watchdog said that Spreadex's
completed acquisition of sports betting rival Sporting Index's
consumer-facing arm raised competition concerns and gave them
time for a solution before it deepened its investigation.
** Former Gucci chief executive Marco Bizzarri said he would
invest in Italian fashion brand Elisabetta Franchi, taking a
stake up to 23% of the company.
** Applus' board of directors has issued a favourable
opinion on the takeover bids launched by funds Apollo and Amber,
but prefer the latter as the offer price is higher, the Spanish
company said in a filing with stock market regulator CNMV.
** Russian steelmaker Severstal has bought the
distribution business of metals trader A Grupp, Severstal said
without disclosing the size of the deal.
** Members of Paramount Global's ( PARAA ) board agreed on
Wednesday to enter into exclusive merger talks with Skydance
Media, favoring the independent studio over a $26 billion offer
from private equity firm Apollo Global Management ( APO ), a
person familiar with the matter said.
** Britain's competition regulator said it would need to
open an in-depth investigation into the merger between
Vodafone's ( VOD ) UK operation and Hutchison's Three
UK after the parties did not offer remedies to ease the
regulator's competition concerns.
** Australian insurer Suncorp Group ( SNMYF ) said it would
sell its New Zealand life insurance business to Resolution Life
for NZ$410 million ($246.53 million), sending its shares to a
more than 16-year high.
** Mexican broadcaster Televisa said on
Wednesday it reached an agreement with AT&T for its stake in
satellite TV unit Sky Mexico, giving Televisa full control of
the firm.
** The ethics adviser to Norway's $1.6 trillion
sovereign-wealth fund is assessing whether to recommend the
investor to divest its multi-billion dollar stake in mining
giant Rio Tinto for environmental concerns, the Wall
Street Journal reported on Wednesday, citing people familiar
with the matter.
(Compiled by Rajarshi Foy in Bengaluru)