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Deals of the day-Mergers and acquisitions
Sep 11, 2024 5:04 AM

Sept 10 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Australia's Mineral Resources said that it got

approval from the Foreign Investment Review Board (FIRB) for the

sale of a 49% stake in its Onslow Iron Project's haul road for

A$1.3 billion ($865.3 million).

** AngloGold Ashanti ( AU ) will buy Egypt-focused smaller

rival Centamin ( CELTF ) in a $2.5 billion stock and cash deal,

the companies said, as the U.S.-listed global miner expands its

operations in Africa.

** Investment fund CVC is in talks to buy a

majority stake in Spanish pharmaceuticals firm Rovi's

third-party manufacturing business, Expansion newspaper

reported, citing unidentified market sources.

** South Korean battery maker Samsung SDI said

it had decided to sell its polarizing film business to China's

Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won

($836.47 million).

** The U.S. Federal Trade Commission urged a federal judge

in New York to block Tapestry's $8.5 billion merger with

rival handbag maker Capri Holdings ( CPRI ) at a trial on

Monday, arguing it will eliminate fierce head-to-head

competition in the market for "accessible luxury".

** U.S. lender NBT Bancorp ( NBTB ) has agreed to buy Evans

Bancorp ( EVBN ) in a deal that values it at nearly $236

million, as it looks to expand its footprint in western New

York.

(Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)

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