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 17, 2024 4:40 PM

Sept 17 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1930 GMT on Tuesday:

** The U.S. Transportation Department said it had agreed to

allow Alaska Airlines to close on its $1.9 billion

acquisition of Hawaiian Airlines, after the carriers

agreed to maintain key Hawaiian routes and adopt consumer

protections.

** Italian spirits group Campari said on Tuesday

it had bought a 14.6% stake in South Africa's Capevin Holdings

Proprietary Limited, which fully owns whisky maker CVH Spirits,

for £69.6 million.

** U.S. Steel CEO David Burritt said he was confident

Nippon Steel's ( NISTF ) $14.9 billion bid for his company would

"close on its merits," despite political opposition and concerns

raised in a national security review.

** Marlboro maker Philip Morris International's ( PM )

unit Vectura Fertin Pharma said it would sell its subsidiary

Vectura Group to Molex Asia Holdings for 150 million pounds

($198.09 million).

** Britain's Guardian Media Group (GMG) is in exclusive

talks to sell The Observer, the world's oldest Sunday newspaper,

to startup Tortoise Media, the companies said.

** UniCredit will seek ECB clearance to

potentially buy up to 30% of Commerzbank, three people

close to the matter said, in order to have the "flexibility" the

Italian bank's CEO Andrea Orcel said he needs to plan his next

move.

** U.S. utility firm AES Corp ( AES ) said it would sell a

30% indirect equity interest in its Ohio subsidiary to Canada's

second-largest pension fund CDPQ for $546 million, which will be

used to support infrastructure investments.

** Flutter Entertainment said it would buy

Snaitech for 2.3 billion euros ($2.6 billion) including debt

from gambling technology group Playtech ( PYTCF ), cementing its

position as the leading gambling firm in Italy.

** German broadcaster RTL and Paramount

have withdrawn their bid to merge Super RTL, a children's

television network, with Nickelodeon, the German cartel office

said.

** Spanish bank BBVA has no intention of

increasing its offer for smaller rival Sabadell,

Chairman Carlos Torres said.

** Turk Telekom's chief executive Umit Onal said , in

response to a question, that a merger by Turkey Wealth Fund of

its stake in his telecommunication company and that of Turkcell

is not on the agenda.

** London-based investment fund Davide Leone and Partners

(DL&P) said on Monday it had bought Telecom Italia

savings shares and currently owned one tenth of the total.

(Compiled by Rajarshi Roy and Pritam Biswas 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 >
BRIEF-Digital Bank Monzo In Talks To Sell Stake To Singaporean State Fund Gic - Sky News
BRIEF-Digital Bank Monzo In Talks To Sell Stake To Singaporean State Fund Gic - Sky News
Mar 18, 2024
March 18 (Reuters) - * DIGITAL BANK MONZO IN TALKS TO SELL STAKE TO SINGAPOREAN STATE FUND GIC - SKY NEWS Source text https://tinyurl.com/b485tr9n Further company coverage: [ ] ...
EXPLAINER-Senegal's election: What is at stake for investors?
EXPLAINER-Senegal's election: What is at stake for investors?
Mar 18, 2024
JOHANNESBURG, March 18 (Reuters) - International investors will be closely monitoring the presidential election in Senegal, scheduled for March 24, after delays incited widespread protests. The country, usually one of coup-prone West Africa's most stable democracies, has been gripped by tension since early February, when President Macky Sall tried to postpone the vote that had been due to take place...
Tesla to Raise Model Y Prices in Certain European Countries
Tesla to Raise Model Y Prices in Certain European Countries
Mar 18, 2024
06:36 AM EDT, 03/18/2024 (MT Newswires) -- Tesla (TSLA) said Saturday that the prices of some of its Model Y electric vehicles in Europe will increase by approximately 2,000 euros ($2,180) or the local currency equivalent. Increases will be felt in a number of European countries on Friday, the US carmaker said in a post on X. Price: 167.34, Change:...
Nuvei Confirms Considering Expressions of Interest, Other Options
Nuvei Confirms Considering Expressions of Interest, Other Options
Mar 18, 2024
06:31 AM EDT, 03/18/2024 (MT Newswires) -- Nuvei Corp. ( NVEI ) announced overnight Sunday that it is aware of recent media reports speculating as to a potential going-private transaction involving the company. This comes after Reuters on Saturday cited a source familiar with the matter as saying private equity firm Advent International is in advanced talks to buy Nuvei...
Copyright 2023-2026 - www.financetom.com All Rights Reserved