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 23, 2024 4:05 AM

Oct 23 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Austrian steelmaker Voestalpine has agreed to

sell its German subsidiary Buderus Edelstahl to investment firm

Mutares, the companies said, without disclosing the

purchase price.

** Frontier Airlines is exploring a renewed bid for Spirit

Airlines ( SAVE ), the Wall Street Journal reported on Tuesday,

citing people familiar with the matter.

** Singapore's GIC and Australia's Macquarie are

looking at selling their stake of roughly 30% in Philippine

renewable energy firm Energy Development Corp (EDC), a deal that

could fetch $2 billion, two sources with knowledge of the matter

said.

** Bankrupt Tupperware Brands agreed on Tuesday to sell its

business to a group of lenders for $23.5 million in cash and

over $63 million in debt relief, canceling its plans for an

open-market auction of its assets.

** Hong Kong-listed First Pacific ( FPAFF ) said on

Wednesday that its unit Metro Pacific Investments Corp ( MPCFF )

is selling its stake in Philippine Coastal Storage &

Pipeline Corp, an import terminal operator, valuing it at $296

million.

** Martin Midstream Partners ( MMLP ) said on Tuesday it

stood behind its planned takeover by its largest shareholder,

after two hedge funds which made a competing bid said they

planned to try and rally shareholders to vote against the deal.

** J.M. Smucker said on Tuesday it would sell its

cookie brand, Voortman, to U.S.-based premium snacks maker

Second Name Brands in a $305 million all-cash deal.

** Barclays ( JJCTF ) has re-entered negotiations with

Brookfield Asset Management ( BAM ) about a deal to sell a

stake in its British merchant payments business to the Canadian

asset manager, Sky News reported on Tuesday.

(Compiled by Rajarshi Roy and Rishi Kant 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 >
Copyright 2023-2026 - www.financetom.com All Rights Reserved