Deals of the day-Mergers and acquisitions

Cumulus Media

14/04/2022 14:42

(Adds Cumulus Media; Updates Twitter)
    April 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 2000 GMT on
Thursday:
    
    ** A consortium led by U.S. radio station industry veteran
Jeff Warshaw has offered to acquire Cumulus Media Inc  CMLS.O 
for close to $1.2 billion, including debt, people familiar with
the matter said.  urn:newsml:reuters.com:*:nL2N2WC213
    
    ** Israeli retailer Shufersal  SAE.TA  said that talks to
buy 60% stake in Mini Line, an importer of consumer electrical
goods, have been halted without a deal  urn:newsml:reuters.com:*:nL5N2WC3XG
    
    ** Billionaire entrepreneur Elon Musk took aim at Twitter
Inc  TWTR.N  with a $43 billion cash takeover offer, with the
Tesla CEO saying the social media company needs to be taken
private to grow and become a platform for free
speech. urn:newsml:reuters.com:*:nL3N2WC22G
    
    ** Blackstone  BX.N  said it believed in the strength and in
the opportunities offered by the Italian economy as the U.S.
fund teamed up with the Benetton family to propose a 58 billion
euro buyout offer on infrastructure group Atlantia
 ATL.MI  urn:newsml:reuters.com:*:nL5N2WC3H4
    
    ** First Abu Dhabi Bank (FAB)  FAB.AD , the UAE's biggest
lender, has withdrawn its offer to buy a controlling stake in
Egyptian investment bank EFG Hermes.  HRHO.CA   urn:newsml:reuters.com:*:nL2N2WC0BT

    ** New Zealand Rugby's NZ$200 million ($136.24 million) deal
with U.S. private equity firm Silver Lake has been delayed after
the country's provincial rugby unions requested more
information, the governing body said.  urn:newsml:reuters.com:*:nL2N2WC03H
    

 (Compiled by Yuvraj Malik, Rajarshi Roy and Deborah Sophia in
Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))