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Deals of the day-Mergers and acquisitions
Oct 2, 2024 11:20 PM

Sept 30 (Reuters) - The following bids, mergers,

acquisitions, and disposals were reported by 1030 GMT on Monday:

** Verizon Communications ( VZ ) is in advanced talks to

sell thousands of mobile phone towers to digital infrastructure

firm Vertical Bridge, Bloomberg News reported, citing people

familiar with the matter.

** British real estate portal Rightmove ( RTMVF ) rejected a

sweetened $8.29 billion takeover bid from Rupert Murdoch's

Australian property listing firm REA Group ( RPGRF ), saying the

fourth bid still undervalued the company.

** Bain Capital launched a tender offer for Japanese cell

phone retailer T-Gaia at 2,670 yen per share, a 26.5%

discount to T-Gaia's Friday closing price.

** South Korea's SK Inc said that it has picked

private equity group Hahn & Company as the preferred bidder to

buy its unit SK Specialty, which produces gases used to make

semiconductors.

** Republican presidential candidate Donald Trump will on

Sunday reiterate a pledge that if elected, he will block Nippon

Steel's ( NISTF ) planned purchase of U.S. Steel, according

to an advance excerpt of his speech to a Pennsylvania rally.

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

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