Deals of the day-Mergers and acquisitions

Applus Services SA

24/01/2024 14:48

(Adds Zee Entertainment, Casino; updates U.S. Steel Corp)
       Jan 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on
Wednesday:

    ** Zee Entertainment  ZEE.NS  called on Sony  6758.T  to
honour its obligations to close a $10 billion merger deal
between the companies and asked an Indian tribunal to order Sony
to complete the combination that the Japanese firm terminated.
 urn:newsml:reuters.com:*:nL4N3EE2OC
    
    ** Ailing French retailer Casino said it had reached
agreements with Auchan Retail and Intermarche parent company
Groupement Les Mousquetaires for the sale of 'almost all' of its
hypermarkets and supermarkets.  urn:newsml:reuters.com:*:nL8N3EE425
    
    ** Cleveland-Cliffs Inc  CLF.N  sought to convince U.S.
Steel Corp  X.N  last month that its cash-and-stock acquisition
offer was worth $1.4 billion more than an all-cash winning bid
from Nippon Steel Corp  5401.T , a regulatory filing showed.
 urn:newsml:reuters.com:*:nL1N3EE14L
        
  
    ** U.S. buyout firm Apollo said it agreed to buy a 22% stake
in the Spain's industrial testing company Applus Services
 APPS.MC  at 10.65 euros per share, raising its previous offer.
 urn:newsml:reuters.com:*:nL8N3EE25I
    
    ** Billionaire hedge fund manager Bill Ackman and his
Israel-born wife Neri Oxman have agreed to buy an equity stake
of around 4.9% in the Tel Aviv Stock Exchange (TASE)  TASE.TA ,
the Israeli bourse said.  urn:newsml:reuters.com:*:nL4N3EE1PO
    
    ** SoftBank Group  9984.T  has sold an additional 2% in
India's Paytm  PAYT.NS , the latest in a string of selldowns in
the digital payments firm.  urn:newsml:reuters.com:*:nL4N3EE1CV

 (Compiled by Rajarshi Roy and Anuja Bharat Mistry in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com
AnujaBharat.Mistry@thomsonreuters.com))