Deals of the day-Mergers and acquisitions

Enfusion

20/09/2024 20:45

(Adds Enfusion, Commerzbank, REA Group and B. Riley Financial)
       Sept 20 (Reuters) - The following bids, mergers, acquisitions and disposals were
reported by 1930 GMT on Friday:

    **  Enfusion  ENFN.N , a U.S. software provider for asset managers, is in talks with
investment bankers to evaluate options that could include a potential sale, according to people
familiar with the matter.  urn:newsml:reuters.com:*:nL1N3L20SK
        
  
        ** Germany will not sell any more shares in Commerzbank  CBKG.DE  for now and the bank's
strategy is "geared towards independence," the country's Finance Agency said, in the clearest
sign yet that the government doesn't currently favour a takeover of the nation's No. 2 lender.
 urn:newsml:reuters.com:*:nL8N3L21B5
  
        
  
        ** REA Group  REA.AX , majority-owned by Rupert Murdoch's News Corp  NWSA.O , has
sweetened its takeover offer for Britain's real estate portal Rightmove  RMV.L  to about 5.9
billion pounds ($7.86 billion), the Financial Times reported.  urn:newsml:reuters.com:*:nL4N3L21HI
  
        
  
        ** Embattled investment bank B. Riley Financial  RILY.O  is in talks to sell its wealth
management business to Stifel Financial  SF.N  for more than $100 million, a source familiar
with the matter said.  urn:newsml:reuters.com:*:nL1N3L20PX 
  
        
  
        ** Cardinal Health  CAH.N  agreed to acquire Integrated Oncology Network, an independent
community oncology network, for $1.12 billion in cash. urn:newsml:reuters.com:*:nL4N3L215L
    
    ** U.S. IT communications specialist Viavi Solutions is considering whether it could make
another bid for telecoms testing group Spirent Communications if a takeover by its rival
Keysight Technologies fails, sources familiar with the matter said. urn:newsml:reuters.com:*:nL1N3L20CQ
    
    ** Raiffeisen Bank International  RBIV.VI  said  it is selling its Belarus business at a
loss to an investor from the United Arab Emirates, as the Austrian lender faces mounting
pressure to also pare back its Russian arm. urn:newsml:reuters.com:*:nL8N3L20GV
    
    ** Taiwan's CTBC  2891.TW  has dropped its bid to acquire rival Shin Kong  2888.TW , the
financial conglomerate said, citing objections from regulators.  urn:newsml:reuters.com:*:nL4N3L20O4

    ** Lottomatica  LTMC.MI  shareholder Gamma Intermediate completed the sale of a 6% stake in
the group at a price of 11.10 euros per share ($12.39) through an accelerated bookbuilding
launched late on Thursday, the Italian betting firm said.  urn:newsml:reuters.com:*:nL8N3L206D
    
    ** French bank Societe Generale  SOGN.PA  said  it had reached a deal with Atlantic
Financial Group for the sale of a 57.93% stake in its Guinean unit.  urn:newsml:reuters.com:*:nL1N3L205Z

 (Compiled by Rajarshi Roy, Ananta Agarwal and Pritam Biswas in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))