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Deals of the day-Mergers and acquisitions
Jun 16, 2025 2:53 AM

June 16 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0940 GMT on Monday:

** Defence equipment firm Scandinavian Astor Group said it

has agreed to buy ammunition maker Ammunity in Latvia for 3

million euros ($3.5 million).

** Australia's second-largest gas producer Santos

said it intended to support an all-cash $18.7 billion takeover

bid from an international consortium led by Abu Dhabi's National

Oil Company (ADNOC), which wants to grow a global gas

business.

** Australia's Bega Cheese said on Monday it plans

to seek informal regulatory approval for the acquisition of peer

Fonterra's Oceania business, even as the latter said it

aims to sell its global consumer and integrated businesses,

including Oceania and Sri Lanka, as a whole.

** Private equity funds, including Carlyle and

Triton, are weighing bids for Germany-based industrial equipment

maker REMA Tip Top, which is exploring a possible sale, three

people familiar with the matter said.

(Compiled by Rajarshi Roy and Sriparna Roy in Bengaluru)

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