Deals of the day-Mergers and acquisitions

Austal

25/09/2024 10:47

Sept 25 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 0930 GMT on
Wednesday:

    ** The German government has ruled out increasing its stake
in Commerzbank  CBKG.DE  again in the takeover dispute with
Italy's Unicredit  CRDI.MI  during a meeting of the
parliamentary finance committee, lawmaker Michael Schrodi
said. urn:newsml:reuters.com:*:nS8N3JU05P

    ** South Korea's Hanwha Ocean said in a regulatory filing 
it  042660.KS  has halted talks to acquire Australian
shipbuilder Austal  ASB.AX . urn:newsml:reuters.com:*:nL1N3L707R
    
    ** British real estate portal Rightmove  RMV.L  rejected a
sweetened $8.1 billion takeover proposal from Australian
property listing firm REA Group  REA.AX , saying the increased
bid was still "unattractive". urn:newsml:reuters.com:*:nL4N3L70H3
    
    ** British homeware retailer Dunelm's  DNLM.L  top
shareholder, Will Adderley, and his private investment firm have
sold a 4.9% stake in the company for 114 million pounds ($152.92
million) to institutional investors, bookrunner Barclays said on
Tuesday. urn:newsml:reuters.com:*:nL4N3L60M8
    
    ** KKR & Co  KKR.N  and Singapore sovereign wealth fund GIC
have appointed Bank of America  BAC.N , Jefferies  JEF.N , and
UBS  UBSG.S  to sell their majority stake in the Philippines'
Metro Pacific Health in a deal that could value the company at
$3.2 billion, three people with knowledge of the matter
said. urn:newsml:reuters.com:*:nL1N3L7040
    
    ** Country Garden Services  6098.HK , the property services
arm of Chinese property developer Country Garden  2007.HK , said
it agreed to sell its 1.49% stake in Zhuhai Wanda Commercial
Management for 3.14 billion yuan ($446.54 million). urn:newsml:reuters.com:*:nL4N3L6210

 (Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))