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Deals of the day-Mergers and acquisitions
Sep 5, 2025 2:49 AM

September 5 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 0930 GMT on Friday:

** Spanish bank BBVA said its 14.9-billion-euro

($17.44 billion) tender offer for the shares of smaller rival

Sabadell will start on September 8.

** Activist investor Starboard Value owns an 8% stake in BILL

Holdings ( BILL ) and may run a boardroom challenge to push for

changes at the financial automation software company that serves

small and midsize businesses around the world, two sources

familiar with the matter told Reuters.

** E.ON will sell its Czech subsidiary Gas

Distribution s.r.o to GasNet, a subsidiary of Czech electricity

company CEZ Group, the German utility said .

** Mexican lender Banorte will sell its digital

bank unit Bineo to financial technology firm Klar, it said in a

filing on Thursday, giving the young startup access to its

much-coveted banking license.

** Cadence Design ( CDNS ) said on Thursday it will buy the

design and engineering business of Stockholm-based Hexagon AB

for 2.7 billion euros ($3.16 billion), to expand its

customer base and scale up its product portfolio.

(Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

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