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Deals of the day-Mergers and acquisitions
Sep 8, 2025 12:56 PM

(Adds Mediobanca)

September 8 (Reuters) - The following bids, mergers,

acquisitions and disposals were reported by 1930 GMT on Monday:

** Monte dei Paschi di Siena has secured 62% of

Mediobanca, bourse data showed on Monday, paving the

way for a shake-up at the bid target where long-standing CEO

Alberto Nagel is preparing to step down.

** Elon Musk's SpaceX said it will buy wireless spectrum

licenses from EchoStar for its Starlink satellite network for about $17 billion,

the latest major deal crucial for 5G connectivity.

** TDR Capital said it agreed to sell its stake in David

Lloyd Leisure to a newly formed continuation vehicle that will

take majority control of the health and fitness club chain.

** Footwear retailer Dick's Sporting Goods said it had completed its $2.4 billion acquisition of Foot

Locker.

** U.S. bank PNC Financial said it would buy smaller rival FirstBank Holding in a

$4.1 billion cash-and-stock deal, expanding in the fast-growing

markets of Colorado and Arizona.

** Nutrien said it will sell its 50% stake in Argentina-based

nitrogen producer Profertil for $600 million, as the world's top

potash producer shifts focus away from South America.

** The Hungarian government has agreed to sell its 54.34% stake

in vehicle manufacturer RABA to 4iG Group, the Economy Ministry

said in a statement.

** Canadian oil and gas producer Strathcona Resources

raised its all-share offer for MEG Energy, seeking to

outbid Cenovus Energy.

** Blackstone said its 489 million pound ($660.88

million) offer for Britain's Warehouse REIT is now

unconditional, bringing the U.S. private equity group closer to

formally wrapping up its takeover of the logistics specialist.

** Spain's BBVA formally launched a 14.8 billion euros

($17.34 billion) hostile takeover bid for smaller rival Sabadell

.

** Tottenham Hotspur said its majority shareholder has received

and rejected two preliminary expressions of interest for a

possible takeover and insists the Premier League club is not for

sale.

** CatX and Cactus have merged to form what they say will be

Bermuda's largest insurance software company.

** Axa XL Reinsurance CEO Renaud Guidée played down speculation

that Axa is set to sell the unit as he spoke with The Insurer at

this year's Rendez-Vous in Monte Carlo.

(Compiled by Rajarshi Roy and Anuj T in Bengaluru)

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