Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Monday:
** U.S.-based activist investor Elliott Investment Management has taken a near 5% stake in business supplies distributor Bunzl <BNZL.L>, according to a person familiar with the matter, sending the British group's shares up 3%.'
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** Australia's wealthiest person, mining baron Gina Rinehart, has taken a stake of more than $1 billion in the record-setting $75 billion SpaceX <SPCX.O> IPO, the Wall Street Journal reported, citing a person familiar with the matter.
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** France-based construction group Saint-Gobain <SGOB.PA> agreed to sell its specialist distribution business in Sweden, Norway and Denmark, primarily under the Dahl brand, to Finnish retailer Kesko <KESKOB.HE> for €1.5 billion ($1.7 billion), the company said .
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** Australian footwear and sportswear retailer Accent Group <AX1.AX> has received a A$390.8 million ($276.80 million) takeover offer from its largest shareholder, Frasers Group <FRAS.L>, sending its shares soaring more than 16% .
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** IFM Global Infrastructure Fund sweetened its takeover bid for Australia's Atlas Arteria <ALX.AX> to A$7.40 billion ($5.24 billion), calling the revised offer its "best and final" proposal and saying it would not be increased unless a competing bid emerges.
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** Australia's GPT Group <GPT.AX> said its GPT Wholesale Shopping Centre Fund would acquire stakes in two major shopping centres from the Lendlease-managed <LLC.AX> Australian Prime Property Fund - Retail in a A$1.2 billion ($850 million) deal.
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(Compiled by Rajarshi Roy and Sanskriti Shekhar in Bengaluru)