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
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)

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 >
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved