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Deals of the day-Mergers and acquisitions
May 15, 2024 5:16 AM

May 15 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 11.45 GMT on

Wednesday:

** A consortium led by Malaysia's sovereign wealth fund and

pension fund provider announced a conditional offer to take

Malaysia Airports Holdings Berhad (MAHB) private, in a

deal worth about $3.9 billion.

** Entrepreneur and former Los Angeles Dodgers owner Frank

McCourt said on Wednesday his non profit Project Liberty is

forming a consortium to buy social media platform TikTok in the

United States.

** Malaysia's Axiata and conglomerate Sinar Mas

are in talks to merge their telecommunications operations in

Indonesia to create an about $3.45 billion entity, the Malaysian

firm said, as it seeks to tap into the growing demand in the

local telecom sector.

** SoftwareOne has attracted the interest of

potential buyers since a new supervisory board was appointed

last month, the Swiss IT service provider said.

** Germany's Siemens will sell its Innomotics

large motors and drives division to financial investor KPS

Capital Partners for 3 billion euros ($3.25 billion), business

daily Handelsblatt reported, citing financial sources.

** Chinese electric vehicle maker Aiways will go public via

a merger with U.S. special purpose acquisition company Hudson

Acquistion Corp in a deal that should value the company

around $400 million, the two companies said.

** BHP Group's ( BHP ) options for its pursuit of rival

miner Anglo American include sweetening its $42.7

billion buyout offer, making a hostile bid or walking away for

now as it approaches a May 22 deadline to lodge a binding offer.

** Novo Holdings, the controlling shareholder of Danish

obesity drugmaker Novo Nordisk, said it would buy a

controlling stake of about 60% in Single Use Support, an

Austria-based life science tools company.

** Nippon Steel's ( NISTF ) deal to buy U.S. Steel has

"zero chance" of winning government approval amid continued

opposition from the United Steel Workers union and "needs to be

unraveled," the CEO of rival suitor Cleveland-Cliffs ( CLF )

said on Tuesday.

** A pair of U.S. banking regulators announced on Tuesday

they would be hosting a public meeting on July 19 to solicit

input on the proposed acquisition of Discover Financial Services ( DFS )

by Capital One Financial Corporation ( COF ).

(Compiled by Rajarshi Roy and Aatreyee Dasgupta in Bengaluru)

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