Deals of the day-Mergers and acquisitions

First Busey

27/08/2024 15:52

(Adds: Meyer Werft, First Busey, Talgo, Aware Super   Updates:
Blackstone, Edgar Bronfman Jr, Zee Entertainment Enterprises)
       Aug 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1400 GMT on Tuesday:

        ** The German government and state of Lower Saxony are
likely to acquire about 80% of Meyer Werft to secure the future
of the company, one of the world's largest cruise shipbuilders,
two sources familiar with the situation told Reuters.
  
         urn:newsml:reuters.com:*:nL8N3KE0VU
  
    
        ** Regional lender First Busey  BUSE.O  has agreed to
buy smaller rival CrossFirst Bankshares  CFB.O  in a $916.8
million all-stock deal, in yet another consolidation in the
industry since the March 2023 turmoil after three banks
collapsed last year.
  
         urn:newsml:reuters.com:*:nL4N3KE0WN
  

        ** Two bidding groups led by Blackstone and IFM
Investors lodged final offers to buy Australian data centre
group AirTrunk in a transaction worth about A$20 billion ($13.55
billion), according to two sources with direct knowledge of the
matter.
  
         urn:newsml:reuters.com:*:nL1N3KE0DD    
  
        
  
        ** The Spanish government has decided to reject a 619
million-euro ($691 million) takeover bid for Spanish train maker
Talgo  TLGO.MC  by the Hungarian consortium Ganz-Mavag due to
national security concerns, the economy ministry said.
  
         urn:newsml:reuters.com:*:nL8N3KE0PE  
  
        
  
        ** Media veteran Edgar Bronfman Jr on Monday withdrew
from the race for Paramount Global  PARA.O , clearing the way
for Skydance Media to take control of Shari Redstone's media
empire and ending one of the most chaotic media bidding wars in
recent history.
  
         urn:newsml:reuters.com:*:nL1N3KE00E  
  
        
  
        ** India's Zee Entertainment Enterprises  ZEE.NS  and
Sony's  6758.T  unit in the country have agreed to withdraw all
claims against each other related to their failed $10 billion
merger, Zee said.
  
         urn:newsml:reuters.com:*:nL4N3KE0NE
  
        
  
        ** Australian pension fund Aware Super said it has
acquired a minority stake in London-headquartered bandwidth
infrastructure company euNetworks, in a bid to tap into the
artificial intelligence boom.
  
         urn:newsml:reuters.com:*:nL4N3KE0MC
  

    ** Britain's Harbour Energy  HBR.L  said it expects to
complete the acquisition of Wintershall Dea's assets in early
September, versus its previous forecast of early in the fourth
quarter of the year.  urn:newsml:reuters.com:*:nL4N3KE0ME

    ** Australian pension fund Aware Super said it has acquired
a minority stake in London-headquartered bandwidth
infrastructure company euNetworks.  urn:newsml:reuters.com:*:nL4N3KE0M5

    ** Warburg Pincus and Australian real estate group Lendlease
 LLC.AX  said their joint venture has acquired property assets
in Singapore for S$1.6 billion ($1.2 billion).  urn:newsml:reuters.com:*:nL1N3KE02O

    ** Shareholders of South Korea's SK Innovation  096770.KS ,
parent of the country's largest oil refiner and battery maker SK
On, approved a merger with energy affiliate SK E&S, Yonhap
reported.  urn:newsml:reuters.com:*:nP8N3JW08U

    ** Drug distributor McKesson  MCK.N  said on Monday it would
buy a controlling stake in community cancer center Florida
Cancer Specialists & Research Institute's (FCS) business and
administrative services unit for $2.49 billion in cash.
 urn:newsml:reuters.com:*:nL4N3KD0T1

 (Compiled by Rajarshi Roy and Arsheeya Bajwa in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))