Deals of the day-Mergers and acquisitions

Brembo NV

02/10/2024 14:38

(Adds: Deutsche Bahn, Updates: BBVA, Korea Zinc)
       Oct 2 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1330 GMT on
Wednesday:

        ** Spain's BBVA  BBVA.MC  said 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.
  
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        ** The supervisory board of German state railway
operator Deutsche Bahn  DBN.UL  has approved the sale of its
profitable logistics unit Schenker to Denmark's DSV  DSV.CO ,
board sources said, batting away pushback from spurned bidder
CVC  CVC.AS .
  
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        ** 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.
  
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    ** 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.
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    ** KKR  KKR.N  is considering a takeover bid for chip
equipment maker ASMPT  0522.HK , Bloomberg News reported, citing
people familiar with the matter.
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    ** 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.
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 (Compiled by Rajarshi Roy Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))