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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Oct 2, 2024 10:48 PM

Oct 2 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Brembo has sold its entire 5.6% stake in tyre

maker Pirelli for around 283 million euros ($313

million), a move dampening speculation about a merger between

the two Italian groups.

** Korea Zinc said it was making a public tender

offer to buy an up to 16% stake in the company for 2.7 trillion

won ($2.0 billion), seeking to fend off what it has termed as a

hostile takeover attempt on the world's biggest refined zinc

producer.

** KKR is considering a takeover bid for chip

equipment maker ASMPT ( ASMVF ), Bloomberg News reported, citing

people familiar with the matter.

** Spain's BBVA said that it had adjusted its

takeover offer for Sabadell to take into account

interim dividend payments from both lenders to shareholders in

order to maintain the economic terms of the bid.

** UK online electricals retailer AO World said it

would buy the retailer of used smartphones and electronic

products musicMagpie for about 10 million pounds ($13.3

million) to boost its mobile and consumer tech businesses.

(Compiled by Rajarshi Roy Neil J Kanatt in Bengaluru)

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