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
Sep 16, 2024 12:03 PM

(Adds: CTBC, CACI International ( CACI ), JTC Updates:)

Sept 16 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Taiwan's financial regulator rejected a takeover

attempt by financial conglomerate CTBC of rival Shin

Kong saying its plans were incomplete.

** Technology firm CACI International ( CACI ) said it

would buy privately held radar and communications equipment

maker Azure Summit Technology for $1.28 billion in cash to bulk

up its business catering to the defense industry.

** Professional services provider JTC said it

has agreed to buy Citigroup's ( C/PN ) global fiduciary and trust

administration services business for $80 million.

** Italian broker Intermonte said it had received

a takeover bid from Banca Generali for all of its

shares.

** QXO, the company billionaire Brad Jacobs is

seeking to launch into building services, recently made an offer

of around $9.4 billion to acquire Rexel that the French

company on Sunday said it had rebuffed.

** U.S. aluminium maker Alcoa ( AA ) said on Sunday that it

would sell a 25.1% stake in its Ma'aden joint venture to Saudi

Arabian mining company Ma'aden for $1.1 billion.

** Temasek is nearing a deal to acquire a 20% stake in

Blackstone-owned visa application outsourcing and

technology services firm VFS Global, Bloomberg News reported on

Saturday, citing people familiar with the matter.

** Canada's ABC Technologies Holdings proposed a revised

buyout of London-listed automotive components supplier TI Fluid

Systems at 176 pence ($2.31) per share on Sept. 4, the

companies said on Saturday.

(Compiled by Rajarshi Roy and Aishwarya Jain 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 >
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Copyright 2023-2026 - www.financetom.com All Rights Reserved