financetom
Business
financetom
/
Business
/
Deals of the day-Mergers and acquisitions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Deals of the day-Mergers and acquisitions
Apr 4, 2024 2:58 AM

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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Aurora Cannabis Up 1% In US Premarket As Expands Patient Access To Medical Cannabis In Canada With Extended Compassionate Pricing Program
Aurora Cannabis Up 1% In US Premarket As Expands Patient Access To Medical Cannabis In Canada With Extended Compassionate Pricing Program
Jun 26, 2025
07:19 AM EDT, 06/26/2025 (MT Newswires) -- Aurora Cannabis Inc. ( ACB ) , the Canada-based global medical cannabis company, was at last look up 1% in US premarket trade on Thursday after saying it had recently expanded eligibility of its medical compassionate pricing program in Canada. As part of the company's ongoing commitment to making medical cannabis more accessible...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
BRIEF-Laser Photonics Corp To Acquire Beamer Laser Marking Systems
BRIEF-Laser Photonics Corp To Acquire Beamer Laser Marking Systems
Jun 26, 2025
June 26 (Reuters) - Laser Photonics Corp ( LASE ): * LASER PHOTONICS CORP ( LASE ): TO ACQUIRE BEAMER LASER MARKING SYSTEMS Source text: Further company coverage: ...
BRIEF-Mobix Labs Launches Unsolicited Bid To Acquire Peraso In 20% Premium Deal To Shareholders
BRIEF-Mobix Labs Launches Unsolicited Bid To Acquire Peraso In 20% Premium Deal To Shareholders
Jun 26, 2025
June 26 (Reuters) - MOBIX LABS, INC. ( MOBX ): * MOBIX LABS LAUNCHES UNSOLICITED BID TO ACQUIRE PERASO IN 20% PREMIUM DEAL TO SHAREHOLDERS-ACCELERATING REVENUE GROWTH AND MARKET EXPANSION * MOBIX LABS, INC. ( MOBX ): UNSOLICITED, NON-BINDING PROPOSAL TO ACQUIRE PERASO IN STOCK-FOR-STOCK TRANSACTION Source text: Further company coverage: ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved