financetom
Business
financetom
/
Business
/
Deals of the day-Mergers and acquisitions
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Deals of the day-Mergers and acquisitions
Jul 29, 2025 3:02 AM

June 29 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Tuesday:

** European investment fund EQT has decided to

acquire Japanese elevator maker Fujitec ( FJTCF ) through a

tender offer worth more than 400 billion yen ($2.6 billion), the

Nikkei business daily reported.

** Oil and gas equipment supplier Baker Hughes ( BKR ) is

nearing a $13.6 billion cash deal to buy Chart Industries ( GTLS )

, edging out rival suitor Flowserve, with a buyout

likely to be announced in the coming days, the Financial Times

reported on Monday, citing sources who warned that the agreement

was not final.

** Vinci Compass is in talks to buy Verde Asset

Management, one of Latin America's most established hedge funds,

Verde told Reuters on Monday, confirming earlier news reports.

** Berkshire Hathaway ( BRK/A ) sold about one-third of its stake

in VeriSign ( VRSN ), an internet infrastructure and domain name

registry company that Warren Buffett's conglomerate has invested

in since 2012, VeriSign ( VRSN ) said on Monday.

** Japan's Mizuho Financial Group ( MFG ) will acquire about

70% of startup lender Upsider Holdings for roughly 46 billion

yen ($310 million) through its banking unit, the companies said

in a joint statement.

** Union Pacific ( UNP ) is nearing an agreement for a

cash-and-stock deal for Norfolk Southern ( NSC ), valuing the

smaller rival at about $320 per share, Bloomberg News reported

on Monday, citing people familiar with the matter.

** Australia's Woodside Energy ( WDS ) said it will take over

operatorship of the Bass Strait oil and gas assets from

ExxonMobil XOM.N, unlocking an estimated $60 million in

synergies.

** Oil and gas equipment supplier Baker Hughes ( BKR ) is close

to a $13.6 billion cash deal to acquire U.S.-based equipment

manufacturer Chart Industries ( GTLS ) , the Financial Times

reported on Monday, citing sources familiar with the matter.

** Harley-Davidson ( HOG ) is in talks with Pacific Investment

Management Co and KKR & Co. ( KKR ) to sell a stake in its

financing unit and existing motorcycle loan portfolio in a deal

worth $5 billion, Bloomberg News reported on Monday.

(Compiled by Rajarshi Roy and Sumit Saha in Bengaluru)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
eVTOL Company EHang Shares Climb: Revenue Projections Beat Consensus As EH216-S Demand Soars
eVTOL Company EHang Shares Climb: Revenue Projections Beat Consensus As EH216-S Demand Soars
Dec 31, 2024
EHang Holdings Limited ( EH ) shares are trading higher premarket on Tuesday. The company reported preliminary revenues for the fourth quarter and fiscal year 2024. For the fourth quarter, the company expects revenues of RMB162 million (up 187% year over year), compared to the prior guidance of around RMB135 million. For FY24, EHang ( EH ) projects revenues of...
India delays UPI payments market share cap in relief for Walmart-backed PhonePe, Google Pay
India delays UPI payments market share cap in relief for Walmart-backed PhonePe, Google Pay
Dec 31, 2024
MUMBAI, Dec 31 (Reuters) - India on Tuesday delayed the implementation of market share caps for a popular digital payments method by two years, a move that will benefit Google Pay and Walmart ( WMT )-backed PhonePe. According to the proposal, first made in November 2020, digital payment firms would not be allowed to hold more than 30% share of...
ConocoPhillips Pick of the Week at Smart Insider Following Directors Stock Purchase
ConocoPhillips Pick of the Week at Smart Insider Following Directors Stock Purchase
Dec 31, 2024
06:09 AM EST, 12/31/2024 (MT Newswires) -- ConocoPhillips ( COP ) was Smart Insider's stock pick of the week after the company's director Arjun Murti bought $240,000 worth of ConocoPhillips' ( COP ) shares at $95.87 apiece on Dec. 20. This was Murti's first stock purchase since August 2016, and the highest price he has ever paid for shares, which...
Market Chatter: Alibaba Cloud Cuts Prices up to 85% on Large Language Models
Market Chatter: Alibaba Cloud Cuts Prices up to 85% on Large Language Models
Dec 31, 2024
06:13 AM EST, 12/31/2024 (MT Newswires) -- Alibaba Group Holding's ( BABA ) cloud unit has cut prices by up to 85% on its large language AI models, Reuters reported Tuesday, citing the company. Alibaba Cloud did not immediately reply to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is...
Copyright 2023-2026 - www.financetom.com All Rights Reserved