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)