March 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:
** State-backed Poste Italiane has made a 10.8 billion
euro ($12.5 billion) cash-and-share offer to bring Telecom
Italia (TIM) back into state hands, about three
decades after an ill-fated privatisation.
** The Toyota group's tender offer to take supplier Toyota
Industries ( TYIDF ) private at a price of 20,600 yen ($129.89)
per share has been successful, the forklift maker said in a
filing .
** Japan's Sumitomo Mitsui Financial Group ( SMFG ) is working
on plans for a possible takeover of Jefferies, the
Financial Times reported.
** Gilead Sciences ( GILD ) said on Monday it would buy
privately held biotech firm Ouro Medicines in a deal worth up to
$2.18 billion.
** State-run miner Coal India said on Monday it will
sell up to 25% each in its units South Eastern Coalfields (SECL)
and Mahanadi Coalfields (MCL) through initial public offerings
or other routes.
** Inclusive Capital Partners is looking to sell a stake in
German agriculture and health firm Bayer AG,
Bloomberg News reported on Monday.
** Starr has completed its acquisition of Lloyd's insurer IQUW
Group, the company said on Monday, finalizing a deal announced
last year and creating a broader global specialty (re)insurance
platform.
** The Wawanesa Mutual Insurance Company has agreed to acquire
Everest Insurance Company of Canada, a transaction that will add
approximately C$305 million ($222 million) of premium to its
portfolio and enables Everest Group to shed its largest
remaining retail insurance operation.
** Berkshire Hathaway ( BRK/A ), the conglomerate built by Warren
Buffett, is buying a 2.49% stake in Japanese insurer Tokio
Marine Holdings ( TKOMF ) for about $1.8 billion as part of a new
strategic partnership, deepening its financial commitment to
Japan.
** Southeast Asia's biggest ride-hailing and delivery firm, Grab
, said on Monday it would pay $600 million in cash for
Delivery Hero's Foodpanda delivery business in Taiwan,
in its first expansion outside the region.
** Danone has agreed to acquire Huel for close to 1
billion euros ($1.15 billion), two sources close to the matter
said on Monday, as the French food group expands further into
health-focused nutrition.
** U.S. drug distributor Cencora ( COR ) said on Monday it would
buy the retina-care business of EyeSouth Partners for $1.1
billion, bolstering its specialty medical services business.
(Compiled by Sahil Pandey and Rajarshi Roy in Bengaluru)