Deals of the day-Mergers and acquisitions

Brembo NV

02/10/2024 10:51

Oct 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** Brembo  BRBI.MI  has sold its entire 5.6% stake in tyre
maker Pirelli  PIRC.MI  for around 283 million euros ($313
million), a move dampening speculation about a merger between
the two Italian groups.
     urn:newsml:reuters.com:*:nL8N3LD1TH
    
    ** Korea Zinc  010130.KS  said it was making a public tender
offer to buy an up to 16% stake in the company for 2.7 trillion
won ($2.0 billion), seeking to fend off what it has termed as a
hostile takeover attempt on the world's biggest refined zinc
producer.
     urn:newsml:reuters.com:*:nL1N3LE00F

    ** KKR  KKR.N  is considering a takeover bid for chip
equipment maker ASMPT  0522.HK , Bloomberg News reported, citing
people familiar with the matter.
     urn:newsml:reuters.com:*:nL4N3LE0EF
    
    ** Spain's BBVA  BBVA.MC  said that it had adjusted its
takeover offer for Sabadell  SABE.MC  to take into account
interim dividend payments from both lenders to shareholders in
order to maintain the economic terms of the bid.
     urn:newsml:reuters.com:*:nL8N3LE06E
    
    ** UK online electricals retailer AO World  AO.L  said it
would buy the retailer of used smartphones and electronic
products musicMagpie  MMAG.L  for about 10 million pounds ($13.3
million) to boost its mobile and consumer tech businesses.
     urn:newsml:reuters.com:*:nL4N3LE0CE

 (Compiled by Rajarshi Roy Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))