Deals of the day-Mergers and acquisitions
Updates Informa
July 24 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday:
** Britain's Informa INF.L said it had reached a deal to buy Cannes Lions Festival owner Ascential ASCL.L for 1.2 billion pounds ($1.6 billion), adding the flagship ad industry conference to its portfolio of events. nL4N3JG0EZ
** Australia's Peak Rare Earths PEK.AX said Chinese miner Shenghe Resources 600392.SS would acquire a 50% stake in an U.K.-based firm that owns 84% of its Ngualla project in Tanzania.nL4N3JG016
** Robert Bosch has agreed to acquire Johnson Controls' JCI.N and Hitachi's 6501.T residential ventilation businesses for $8 billion, it said on Tuesday, in what will be the German engineering group's largest takeover to date. nL4N3JF0OW
** Isaac Perlmutter, one of the largest investors in Walt Disney DIS.N, has sold his entire stake in the media company after losing the proxy fight, the Wall Street Journal reported on Tuesday. nL4N3JF252
** Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet GOOGL.O on a reported $23 billion deal that would have made it the U.S. tech giant's largest-ever acquisition, according to a Wiz memo seen by Reuters. nL4N3JF06Z
(Compiled by Rajarshi Roy and Priyanka.G 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.
