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Deals of the day-Mergers and acquisitions
May 23, 2024 3:21 AM

May 23 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** Nationwide Building Society said it could realise

as much as a 1.5 billion pound ($1.91 billion) gain on its

acquisition of rival Virgin Money, announced earlier this year

and expected to close in the fourth quarter.

** Hargreaves Lansdown has rejected a 4.67 billion

pound ($5.94 billion) takeover proposal from a consortium led by

CVC Advisers and the Abu Dhabi Investment Authority, after the

board of the investment platform said it "substantially"

undervalued its prospects.

** German packaging and medical equipment maker Gerresheimer

said it signed a purchase agreement for acquiring

Blitz LuxCo Sarl, the holding company of the Bormioli Pharma

Group, for an enterprise value of 800 million euros ($866.32

million).

** BHP will stand firm on the structure and value

of its latest takeover proposal for Anglo American,

focusing instead on allaying its target's concerns around

execution risks over the coming week, sources said.

(Compiled by Rajarshi Roy and Jaiveer Shekhawar in Bengaluru)

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