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FRAS Frasers News Story

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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions

Adds: Elliott Advisors, Dana

- The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:

** U.S.-based investment firm Elliott Advisors has joined bidders considering a takeover of The Very Group in a deal that could value the British online retailer at £2 billion ($2.67 billion), Sky News reported.

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** Dana DAN.N will combine with Eaton's ETN.N mobility business in a deal valuing the unit at about $5.1 billion, the companies said, as the auto parts supplier looks to expand in vehicle components amid resilient aftermarket demand.

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** Frasers Group <FRAS.L>, the retailer controlled by British billionaire Mike Ashley, launched a €2 billion ($2.31 billion) takeover offer for struggling German fashion brand Hugo Boss <BOSSn.DE> on Wednesday.

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(Compiled by Rajarshi Roy and Megavarshini G. Somasundaram in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com))

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