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)