Deals of the day-Mergers and acquisitions

First Majestic Silver

05/09/2024 14:47

(Adds: Seven & i, BNY, First Majestic, Verizon, ASOS  Updates:
TPG Telecom)
       Sept 5 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:

        ** TPG Telecom  TPG.AX  has received a green light from
Australia's competition watchdog for a A$1.59 billion ($1.07
billion) infrastructure and network sharing deal with Optus as
TPG seeks to expand its reach.
  
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        ** Japanese retail giant Seven & i  3382.T  will inform
Canada's Alimentation Couche-Tard  ATD.TO  that its takeover bid
price is "inadequate", a source familiar with the matter said.
  
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        ** BNY  BK.N  has agreed to buy Archer, a technology and
operations provider, that will help the U.S. bank expand its
services to asset and wealth managers, the companies said.
  
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        ** Canada's First Majestic  AG.TO  has agreed to buy
Gatos Silver  GATO.N  for $970 million in an all-stock deal, the
miners said, against the backdrop of surging prices of the
metal.
  
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        ** Verizon  VZ.N  said it would buy Frontier
Communications  FYBR.O  in an all-cash deal worth $20 billion,
as the U.S. wireless carrier looks to expand its fiber network.
  
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        ** ASOS  ASOS.L  has agreed to sell its Topshop and
Topman brands to a new joint venture with the holding company of
Danish billionaire Anders Holch Povlsen in a deal valuing them
at 180 million pounds ($237 million), the British online
retailer said.
  
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    ** Blackstone  BX.N  will buy Australian data centre group
AirTrunk for an implied enterprise value of over A$24 billion
($16.10 billion), it said on Wednesday, in what would be
Blackstone's largest investment in the Asia Pacific region.
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 (Compiled by Rajarshi Roy and Vallari Srivastava in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))