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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Oct 14, 2024 3:17 AM

Oct 14 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Monday:

** Private equity firm MBK and Young Poong 000670.KS have

secured a more than 5% stake in Korea Zinc 010130.KS through a

tender offer that closed on Monday, a person familiar with the

matter said.

** South Korean conglomerate Hanwha Group on Monday raised

its offer for the remaining stake it does not already own in

Singapore's Dyna-Mac, valuing the offshore oil and gas

contractor at S$790.6 million ($605.41 million).

** Singapore will block a bid by German insurer Allianz

to buy a majority stake in Singapore's Income

Insurance but remains open to a new deal if its concerns can be

addressed, Prime Minister Lawrence Wong said in a Facebook post

on Monday.

** British luxury brand Mulberry said on Monday it

is working with advisers to evaluate Frasers' ( SDIPF ) sweetened

111 million pound ($145.1 million) takeover proposal, after its

top investor Challice declined to sell shares to the sportswear

retailer.

** Investment bank B. Riley has agreed to sell its

appraisal and valuations unit Great American to asset-management

firm Oaktree Capital for about $400 million, WSJ reported on

Sunday, citing people familiar with the matter.

(Compiled by Rajarshi Roy in Bengaluru)

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