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Deals of the day-Mergers and acquisitions
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Deals of the day-Mergers and acquisitions
Jun 4, 2025 3:11 AM

June 4 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on

Wednesday:

** Investors gave a thumbs-down to Toyota Motor's ( TM ) $33

billion take-private offer for Toyota Industries ( TYIDF ),

highlighting concerns minority shareholders would be

short-changed in a landmark restructuring for Japan Inc.

** An Italian court on Wednesday postponed its decision to July

9 on UniCredit's appeal against government-imposed

conditions on its takeover bid for rival Banco BPM, a

source with knowledge of the matter said.

** International Resources Holding (IRH) said it will acquire a

controlling stake in major tin producer Alphamin Resources Corp ( AFMJF )

for C$503 million ($367 million), a significant

expansion into critical minerals for the Abu Dhabi-based mining

company.

** Singapore-listed City Developments Ltd said that it

will sell its entire 50.1% stake in one of its office complexes

in the city-state to Malaysia's IOI Properties for

S$834.2 million ($646.37 million).

** Norway's government said that it had sold its remaining

shares in Norwegian Air for 892 million crowns ($87.80

million), divesting a stake stemming from the airline's

pandemic-era restructuring.

** Hyundai Motor ( HYMTF ) sold its entire stake in Ola

Electric, while rival South Korean carmaker Kia

trimmed its holding, in a combined share sale worth

6.89 billion rupees ($80 million), according to exchange data.

** U.S. pipeline operator ONEOK said on Tuesday that

it had bought the remaining stake in Delaware Basin JV from NGP

XI Midstream Holdings in a cash-and-stock deal valued at $940

million.

** Risk Strategies has acquired Schroeder Insurance, a

Missouri-based agency with a specialty focus in the commercial

lines and private client sectors.

(Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

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