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Deals of the day-Mergers and acquisitions
Aug 12, 2024 2:55 AM

Aug 12 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Gold Fields Ltd has agreed to acquire Osisko

Mining ( OBNNF ) for C$2.16 billion ($1.57 billion), it said,

barely two years after an attempt to buy another Canadian miner

was scuppered by a rival offer.

** India's Bharti Enterprises said it would acquire a 24.5%

stake in BT, worth about 3.2 billion pounds ($4 billion),

buying out the British company's top investor, telecoms tycoon

Patrick Drahi, as his Altice group struggles with high debts.

** New Zealand construction firm Fletcher Building ( FRCEF )

said it would sell its Australian plumbing supplies and

distribution business Tradelink for A$170 million ($112 million)

to Australia-based Metal Manufactures Pty.

(Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)

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