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Deals of the day-Mergers and acquisitions
Feb 12, 2025 3:23 AM

Feb 12 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1030 GMT on

Wednesday:

** Balkan telecoms and media company United Group has agreed

to sell its broadband provider Serbia Broadband to e& PPF

Telecoms Group and other assets to Telekom Srbija in a deal with

an enterprise value of 1.5 billion euros, United said.

** Spirit Airlines ( SAVEQ ) on Tuesday rejected Frontier

Group's ( ULCC ) acquisition offer, worth about $2.16 billion,

saying the bid from its fellow ultra-low-cost carrier was less

beneficial to shareholders than its ongoing reorganization plan.

** The Australian government said it was open to acquiring

collapsed airline Regional Express Holdings to ensure

its regional services continue, in what would be the first state

ownership of a carrier in the country in three decades.

** Merck KGaA, the German healthcare and technology

group, said on Monday it is in advanced talks to acquire U.S.

cancer and rare diseases drugmaker SpringWorks Therapeutics ( SWTX )

.

** French retailer Carrefour said in a statement on Tuesday

it plans to acquire all outstanding shares of Carrefour Brazil

from minority shareholders, boosting its stake in Carrefour

Brazil from 67.4% to 100%.

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

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