Deals of the day-Mergers and acquisitions
Nov 13 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:
** Japan's Seven & i Holdings 3382.T has received a buyout proposal from a member of its founding Ito family, it said, a potential $58 billion white-knight bid as it weighs a rival offer from Canada's Alimentation Couche-Tard ATD.TO. nL4N3MK09P
** Europe's biggest meal delivery firm Just Eat Takeaway TKWY.AS said it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million, sending its shares soaring 20% in early trading. nL1N3MK07H
** Japan's Mizuho Financial Group 8411.T will take a 15% stake in Rakuten Group 4755.T subsidiary Rakuten Card for 165 billion yen ($1.06 billion) in a further deepening of the two companies' strategic alliance, they said. nL4N3MK0IJ
** Satellite TV provider DirecTV said on Tuesday it will abandon its planned acquisition of EchoStar's SATS.O satellite television business that includes Dish TV by Nov. 22 if bondholders don't agree to a debt exchange. nL4N3MK07H
(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
