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
Oct 1, 2024 3:21 AM

Oct 1 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** Dutch crop trader Louis Dreyfus raised its buyout offer for

Namoi Cotton, with its bid that values the Australian cotton

ginning firm at A$159.3 million ($110 million), signalling the

end of a months-long bidding war as Singapore's Olam Agri

effectively surrendered arms.

** Abu Dhabi's ADNOC has agreed to buy German chemicals

producer Covestro ( CVVTF ) for 15.9 billion euros ($18 billion)

including debt, the state oil giant said, representing its

largest acquisition to date.

** Macquarie's asset management division will buy

Denmark-based offshore wind operations and maintenance business

ZITON A/S , the Australian financial services

company said.

** British luxury brand Mulberry rejected retailer

Frasers' ( SDIPF ) 83-million-pound ($111 million) takeover

proposal, saying its majority shareholder did not support the

bid and that it undervalued the company.

** Switzerland's Partners Group is selling German

metering firm Techem for 6.7 billion euros ($7.46

billion) to US asset manager TPG, Techem said, changing

hands to its third private equity firm.

** Pfizer ( PFE ) sold a stake in British consumer

healthcare group Haleon ( HLN ) worth about $3.26 billion on

Monday, cutting its shareholding in the maker of Sensodyne

toothpaste and Panadol and Advil painkillers to 15% from 22.6%.

** Spanish defence and technology firm Indra's

board agreed to start looking for options to sell a stake in its

Minsait Payments business, the company said on Monday in a

filing to the stock market regulator.

** Singapore's Olam Agri Holdings said it will

not to extend its buyout offer for Namoi Cotton, which

values the Australian cotton producer at A$144 million ($99.62

million), beyond its current closure date of Oct. 8.

** Qatar Airways will buy a 25% stake in Virgin Australia

from U.S. private equity firm Bain Capital, posing a tougher

contest for Qantas Airways ( QUBSF ) that has dominated

Australian routes and pushed back against giving access to the

Middle Eastern carrier.

** Shares of Australia's REA Group ( RPGRF ) rose 4% , after

the property listing firm decided to end its $8.29 billion

takeover pursuit for Rightmove ( RTMVF ) following a fourth bid

rejection from the British real estate portal.

** Qatar Airways' plans to buy a 25% stake in Virgin

Australia from U.S. private equity firm Bain Capital would go

through all required regulatory processes, including the Foreign

Investment and Review Board, Australia's Treasurer Jim Chalmers

said .

** PepsiCo ( PEP ) is in advanced talks to acquire

tortilla-chip maker Siete Foods for more than $1 billion, the

Wall Street Journal reported on Monday, citing people familiar

with the matter.

(Compiled by Rajarshi Roy and Neil J Kanatt in Bengaluru;

Editing by Shreya Biswas)

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 >
Symbotic Insider Sold Shares Worth $3,126,063, According to a Recent SEC Filing
Symbotic Insider Sold Shares Worth $3,126,063, According to a Recent SEC Filing
May 28, 2024
03:22 AM EDT, 05/28/2024 (MT Newswires) -- David A Ladensohn, 10% Owner, on May 09, 2024, sold 75,000 shares in Symbotic ( SYM ) for $3,126,063. Following the Form 4 filing with the SEC, Ladensohn has control over a total of 178,448,435 shares of the company, with 178,448,435 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1837240/000183724024000125/xslF345X03/wk-form4_1716593741.xml Price: 41.00, Change: +0.09, Percent Change: +0.22...
Procore Technologies Insider Sold Shares Worth $1,577,632, According to a Recent SEC Filing
Procore Technologies Insider Sold Shares Worth $1,577,632, According to a Recent SEC Filing
May 28, 2024
03:20 AM EDT, 05/28/2024 (MT Newswires) -- Craig F. Courtemanche Jr., Chairman of the Board, Director, Chief Executive Officer & President, on May 22, 2024, sold 22,483 shares in Procore Technologies ( PCOR ) for $1,577,632. Following the Form 4 filing with the SEC, Courtemanche has control over a total of 5,286,891 shares of the company, with 866,718 shares held...
Fabrinet Insider Sold Shares Worth $1,450,272, According to a Recent SEC Filing
Fabrinet Insider Sold Shares Worth $1,450,272, According to a Recent SEC Filing
May 28, 2024
03:22 AM EDT, 05/28/2024 (MT Newswires) -- Frank H Levinson, Director, on May 24, 2024, sold 6,000 shares in Fabrinet ( FN ) for $1,450,272. Following the Form 4 filing with the SEC, Levinson has control over a total of 5,709 shares of the company, with 5,709 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1408710/000141588924014589/xslF345X03/form4-05242024_110518.xml Price: 245.28, Change: -0.79, Percent Change: -0.32...
Symbotic Insider Sold Shares Worth $1,081,553, According to a Recent SEC Filing
Symbotic Insider Sold Shares Worth $1,081,553, According to a Recent SEC Filing
May 28, 2024
03:23 AM EDT, 05/28/2024 (MT Newswires) -- Janet L Cohen, 10% Owner, on May 22, 2024, sold 25,000 shares in Symbotic ( SYM ) for $1,081,553. Following the Form 4 filing with the SEC, Cohen has control over a total of 4,508,395 shares of the company, with 4,508,395 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1837240/000183724024000126/xslF345X03/wk-form4_1716593780.xml Price: 41.00, Change: +0.09, Percent Change: +0.22...
Copyright 2023-2026 - www.financetom.com All Rights Reserved