Deals of the day-Mergers and acquisitions

Can Do

14/10/2021 10:55

Oct 14 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 1000 GMT on Thursday:

    ** Telstra Corp  TLS.AX  Ltd is close to completing a deal
to buy the Pacific operations of telecommunications firm Digicel
Group in partnership with the Australian government, two sources
familiar with the bid told Reuters.  urn:newsml:reuters.com:*:nL4N2RA10M
    
    ** Japanese retail group Aeon Co  8267.T  announced  a
takeover bid for Can Do Co  2698.T , a popular chain offering
household goods for 100 yen.  urn:newsml:reuters.com:*:nT9N2QX019
    
    ** Japan's Sumitomo Metal Mining  5713.T  and Sumitomo Corp
 8053.T  agreed to sell their stakes in the Sierra Gorda copper
mine in Chile to Australian miner South32 Ltd  S32.AX  for
around $1.5 billion, the companies said.  urn:newsml:reuters.com:*:nL4N2R94B7
        
    ** Investment management firm Holocene Advisors said it will
not back Merck & Co's  MRK.N  offer to buy Acceleron Pharma Inc
 XLRN.O  for $180 per share, saying it significantly undervalues
the drugmaker.  urn:newsml:reuters.com:*:nL4N2R93KG

 (Compiled by Rajarshi Roy and Dania Nadeem in Bengaluru)
 ((Dania.Nadeem@thomsonreuters.com))