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
Nov 3, 2024 3:28 PM

Oct 31 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Thursday:

** Siemens announced a $10.6 billion deal to buy

U.S. engineering software firm Altair Engineering ( ALTR ),

cheering analysts who see it boosting the company's presence in

the fast-growing industrial software market.

** British supermarket Sainsbury's ( JSNSF ) said it has sold

its Argos Financial Services cards portfolio to NewDay Group for

an expected 720 million pounds ($934 million), in line with its

strategy to focus on its core retail business.

** Mobile group Vodafone ( VOD ) and Romania-based operator

Digi said they had signed a memorandum of

understanding with Hellenic Telecommunications Organization

to buy its subsidiary Telekom Romania Mobile (TKRM).

** Private equity firm Blackstone is bidding C$7

billion ($5.03 billion) for a minority stake in telecom and

media company Rogers Communications' ( RCIAF ) cellphone

infrastructure business, the Globe and Mail reported.

** Australia's Mineral Resources (MinRes) said it

will sell the entirety of two exploration permits in the Perth

basin and form joint ventures with Hancock over remaining

onshore exploration lands around the area for up to A$1.13

billion ($743.09 million).

(Compiled by Rajarshi Roy and Prakhar Srivastava 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 >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved