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Deals of the day-Mergers and acquisitions
Dec 13, 2024 3:10 AM

Dec 13 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on Friday:

** Swiss technology firm SoftwareOne Holding

confirmed that it is in advanced discussions to acquire

Norwegian rival Crayon Group Holding ( CRAYF ) for a

consideration of cash and shares.

** Australia's Insignia Financial ( IOOFF ) said it has

received a non-binding takeover all-cash proposal from private

equity Bain Capital, valuing the 178-year-old wealth manager at

A$2.67 billion ($1.70 billion), in another bid that represents

growing interest in the country's investment managers.

** Upbound Group ( UPBD ) said on Thursday it reached

agreement on a $460 million cash-and-stock deal for Brigit, a

financial technology company that has been backed by investors

including the venture capital firms of actor Ashton Kutcher and

basketball star Kevin Durant.

** Spanish construction giant Ferrovial said on

Thursday it closed the sale of a 19.75% stake in Heathrow

Airport Holdings for 2 billion euros ($2.10 billion) to French

investment firm Ardian and Saudi Arabia's sovereign wealth fund

PIF.

** Saudi Public Investment Fund acquired 15% of Britain's

Heathrow Airport, Saudi State TV said on Thursday.

** Banknote printer De La Rue ( DELRF ) is in talks for a

stake sale of up to 40% that could value it at about 245 million

pounds ($311 million), the British company said on Thursday,

hours after it pointed to a rebound in orders in its interim

results.

** The Canadian government has sold its roughly 6% stake in

Air Canada ( ACDVF ) in the past few days, the Globe and Mail

reported on Thursday, citing a source.

(Compiled by Rajarshi Roy and Kamal Choudhury in Bengaluru)

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