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 >
Minaurum Gold Highlights Metallurgical Testing Results at Alamos Silver Project
Minaurum Gold Highlights Metallurgical Testing Results at Alamos Silver Project
Apr 9, 2024
02:02 PM EDT, 04/09/2024 (MT Newswires) -- Minaurum Gold ( MMRGF ) on Tuesday reported positive preliminary metallurgical testing results from composites of core samples taken at the Promontorio and Europa targets at its fully production-permitted Alamos Silver Project in the State of Sonora, Mexico. The results confirmed high-grade silver and gold recoveries, even with low-grade material exhibiting impressive recoveries...
Ansys, BAE Systems Collaborate on US Defense Department's Adoption of Digital Engineering
Ansys, BAE Systems Collaborate on US Defense Department's Adoption of Digital Engineering
Apr 9, 2024
02:00 PM EDT, 04/09/2024 (MT Newswires) -- Ansys ( ANSS ) said Tuesday it has teamed up with BAE Systems to help the US Department of Defense adopt digital and model-based systems engineering for security and defense applications. Under the collaboration, Ansys ( ANSS ) will provide strategic bid support, architecture engineering, and go-to-market acceleration for sensitive digital engineering applications....
Scotiabank CEO flags elections in US, Mexico undermining decision making
Scotiabank CEO flags elections in US, Mexico undermining decision making
Apr 9, 2024
TORONTO (Reuters) - Canadian lender Bank of Nova Scotia on Tuesday warned that upcoming elections in the U.S. and Mexico are creating political uncertainty, challenging the bank's long-term business decision-making ability. Canada's third biggest lender by assets is most exposed to the North America's booming $1.6 trillion trade and new CEO Scott Thomson in December unveiled a strategy to benefit...
What's Going On With Pratt & Whitney Parent RTX Shares Today?
What's Going On With Pratt & Whitney Parent RTX Shares Today?
Apr 9, 2024
RTX Corporation ( RTX ) shares are trading lower on Tuesday. The company’s Pratt & Whitney unit revealed details of its North American Technology Accelerator (NATA), a commercial and military aftermarket operations center in Florida.  NATA will have dedicated space, tools, and resources for tech insertion programs, bolstering global MRO network development, RTX Corporation ( RTX ) said in a press release. Florida accelerator initiatives...
Copyright 2023-2025 - www.financetom.com All Rights Reserved