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Deals of the day-Mergers and acquisitions
Apr 24, 2024 3:09 AM

April 24 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Link Administration's ( LKADF ) investors approved

Mitsubishi UFJ Financial Group's ( MUFG ) A$1.2 billion ($781.68

million) buyout bid at a shareholder meeting .

** Abu Dhabi state-controlled fund ADQ is acquiring a 49%

stake in Australian infrastructure investor Plenary Group, the

two companies announced in a deal Australian media reported was

worth around A$1 billion dollars ($651 million).

** China's Zhaojin Mining Industry ( ZHAOF ) said that its

A$733 million ($477.8 million) offer to buy Australia's Tietto

Minerals ( TIETF ) has become unconditional.

** South Korean petrochemical company LG Chem

denied a media report saying it is considering merging its

naphtha cracker business with rival Lotte Chemical.

** Australia's Cleanaway Waste Management ( TSPCF ) said it

was not in discussions with industrial conglomerate Seven Group

Holdings over a potential takeover of the waste

disposal firm amid media reports over a deal.

(Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)

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