Deals of the day-Mergers and acquisitions

Altair Engineering

31/10/2024 14:16

(Adds: Solidcore, Electric Power Development  Updates: Siemens)
       Oct 31 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Thursday:
    
        ** Siemens  SIEGn.DE  is to buy U.S. engineering
software firm Altair Engineering  ALTR.O  for $10.6 billion,
strengthening its position in the growing market for industrial
software.
  
         urn:newsml:reuters.com:*:nL4N3M62NR
  
        
  
        ** Gold miner Solidcore POLY=AIXN, formerly known as
Polymetal, will buy a 55% interest in Kazakhstan's Syrymbet tin
deposit from Lancaster Group subsidiary Berkut Mining for $82.5
million, it said .
  
         urn:newsml:reuters.com:*:nL1N3M70MD
  
        
  
        ** Japan's Electric Power Development (J-Power)  9513.T 
said  it has decided to sell its 50% stake in a U.S. gas-fired
power company as part of a reshuffle of its assets portfolio to
improve capital efficiency.
  
         urn:newsml:reuters.com:*:nL1N3M70HK
  
        
    ** British supermarket Sainsbury's  SBRY.L  said it has sold
its Argos Financial Services cards portfolio to NewDay Group for
an expected 720 million pounds ($934 million), in line with its
strategy to focus on its core retail business.  urn:newsml:reuters.com:*:nL4N3M70Z2
    
    ** Mobile group Vodafone  VOD.L  and Romania-based operator
Digi  DIGI.BX  said they had signed a memorandum of
understanding with Hellenic Telecommunications Organization
 OTEr.AT  to buy its subsidiary Telekom Romania Mobile (TKRM).
 urn:newsml:reuters.com:*:nL8N3M70YC
    
    ** Private equity firm Blackstone  BX.N  is bidding C$7
billion ($5.03 billion) for a minority stake in telecom and
media company Rogers Communications'  RCIb.TO  cellphone
infrastructure business, the Globe and Mail reported.
 urn:newsml:reuters.com:*:nL4N3M700B
    
    ** Australia's Mineral Resources (MinRes)  MIN.AX  said it
will sell the entirety of two exploration permits in the Perth
basin and form joint ventures with Hancock over remaining
onshore exploration lands around the area for up to A$1.13
billion ($743.09 million).  urn:newsml:reuters.com:*:nL4N3M62SM    

 (Compiled by Rajarshi Roy and Prakhar Srivastava in Bengaluru)
 ((prakhar.srivastava2@thomsonreuters.com;))