Deals of the day-Mergers and acquisitions

CSR

21/02/2024 21:34

(Adds CSR Ltd, Axway)
       Feb 21 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2100 GMT, on
Wednesday:
    
    ** Australian building materials firm CSR Ltd  CSR.AX  said
it has received a A$4.30 billion ($2.81 billion) non-binding
takeover proposal from French construction materials group
Saint-Gobain  SGOB.PA .   urn:newsml:reuters.com:*:nL2N3F62L1
        
  
        **  French software company Axway  AXW.PA  said it had
started discussions to potentially buy most of Sopra Banking
Software activities from Sopra Steria  SOPR.PA .  urn:newsml:reuters.com:*:nL5N3F66GQ
  

    ** U.S. miner Piedmont Lithium  PLL.O  said it would sell
its remaining shares in Australian miner Sayona Mining  SYA.AX 
for about A$59.9 million ($39.28 million).  urn:newsml:reuters.com:*:nL3N3F62X4
    
    ** A consortium led by state-owned pharma giant Sinopharm
has revived a take-private bid for China Traditional Chinese
Medicine Holdings  0570.HK , the Hong-Kong-listed drugmaker
said, valuing it at HK$23.16 billion ($2.96 billion).
 urn:newsml:reuters.com:*:nL3N3F62VY
    
    ** South Korea's Samsung Electronics  005930.KS  sold its
entire remaining stake in semiconductor manufacturing equipment
maker ASML  ASML.AS  in the fourth quarter of last year, a
company filing showed.  urn:newsml:reuters.com:*:nL2N3F60WR
    
    ** Australia's Orica  ORI.AX  said it would acquire
U.S.-based chemical company Cyanco Intermediate 4 Corp for $640
million to expand its geographical reach in mining chemicals
business.  urn:newsml:reuters.com:*:nL2N3F535J
    
    ** British billionaire Jim Ratcliffe's acquisition of a 25%
stake in Premier League club Manchester United has been
completed, putting an end to a 15-month saga.  urn:newsml:reuters.com:*:nL2N3F539Z
    
    ** Capital One Financial's  COF.N  $35.3 billion deal for
Discover Financial  DFS.N  would create new competition for
payments behemoths Visa  V.N  and Mastercard  MA.N , potentially
helping smoothen the path for regulatory approval, analysts
said.  urn:newsml:reuters.com:*:nL3N3F52B8

 (Compiled by Rajarshi Roy, Annett Mary Manoj and Pritam Biswas
in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))