Deals of the day-Mergers and acquisitions
Adds: Meyer Werft, First Busey, Talgo, Aware Super Updates: Blackstone, Edgar Bronfman Jr, Zee Entertainment Enterprises
Aug 27 (Reuters) -The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday:
** The German government and state of Lower Saxony are likely to acquire about 80% of Meyer Werft to secure the future of the company, one of the world's largest cruise shipbuilders, two sources familiar with the situation told Reuters.
nL8N3KE0VU
** Regional lender First Busey BUSE.O has agreed to buy smaller rival CrossFirst Bankshares CFB.O in a $916.8 million all-stock deal, in yet another consolidation in the industry since the March 2023 turmoil after three banks collapsed last year.
nL4N3KE0WN
** Two bidding groups led by Blackstone and IFM Investors lodged final offers to buy Australian data centre group AirTrunk in a transaction worth about A$20 billion ($13.55 billion), according to two sources with direct knowledge of the matter.
nL1N3KE0DD
** The Spanish government has decided to reject a 619 million-euro ($691 million) takeover bid for Spanish train maker Talgo TLGO.MC by the Hungarian consortium Ganz-Mavag due to national security concerns, the economy ministry said.
nL8N3KE0PE
** Media veteran Edgar Bronfman Jr on Monday withdrew from the race for Paramount Global PARA.O, clearing the way for Skydance Media to take control of Shari Redstone's media empire and ending one of the most chaotic media bidding wars in recent history.
nL1N3KE00E
** India's Zee Entertainment Enterprises ZEE.NS and Sony's 6758.T unit in the country have agreed to withdraw all claims against each other related to their failed $10 billion merger, Zee said.
nL4N3KE0NE
** Australian pension fund Aware Super said it has acquired a minority stake in London-headquartered bandwidth infrastructure company euNetworks, in a bid to tap into the artificial intelligence boom.
nL4N3KE0MC
** Britain's Harbour Energy HBR.L said it expects to complete the acquisition of Wintershall Dea's assets in early September, versus its previous forecast of early in the fourth quarter of the year. nL4N3KE0ME
** Australian pension fund Aware Super said it has acquired a minority stake in London-headquartered bandwidth infrastructure company euNetworks. nL4N3KE0M5
** Warburg Pincus and Australian real estate group Lendlease LLC.AX said their joint venture has acquired property assets in Singapore for S$1.6 billion ($1.2 billion). nL1N3KE02O
** Shareholders of South Korea's SK Innovation 096770.KS, parent of the country's largest oil refiner and battery maker SK On, approved a merger with energy affiliate SK E&S, Yonhap reported. nP8N3JW08U
** Drug distributor McKesson MCK.N said on Monday it would buy a controlling stake in community cancer center Florida Cancer Specialists & Research Institute's (FCS) business and administrative services unit for $2.49 billion in cash. nL4N3KD0T1
(Compiled by Rajarshi Roy and Arsheeya Bajwa 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.