Deals of the day-Mergers and acquisitions

Fuji Soft

18/10/2024 20:59

(Adds JSW Steel; Updates Fuji Soft)
       Oct 18 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 2000 GMT on Friday:

        **  Indian steel producer JSW Steel  JSTL.NS  said on
Friday its joint venture firm entered into a deal to buy
thyssenkrupp Electrical Steel India for $482.1 million.
 urn:newsml:reuters.com:*:nL4N3LU1F6
  
        
  
        ** United States Cellular  USM.N  said it has agreed to
sell some of its spectrum licenses to Verizon  VZ.N  in a $1
billion deal.  urn:newsml:reuters.com:*:nL4N3LU16G
  
    
        ** Japanese insurer Tokio Marine  8766.T  has paused the
sale of its $1 billion Southeast Asia life insurance business,
partly due to a dispute with a Malaysian partner over an
expiring products distribution agreement, four sources with
knowledge of the matter said.  urn:newsml:reuters.com:*:nL4N3LU0J0
  
        
  
        ** Kotak Mahindra Bank  KTKM.NS  will buy Standard
Chartered Bank's personal loan business in India, the Indian
lender said, leaving the U.K.-based company to focus on its
wealth and investment banking business in Asia's third-largest
economy.  urn:newsml:reuters.com:*:nL4N3LU0ZO
  
    
    ** The board of Japan's Fuji Soft  9749.T  will continue to
support the first stage of a 558.4 billion yen ($3.72 billion)
buyout offer from KKR  KKR.N , it said on Friday, despite having
received a higher counter-offer from Bain Capital.  urn:newsml:reuters.com:*:nL1N3LU09O
    
    ** BP  BP.L  is considering selling a minority stake in its
offshore wind business, according to four sources with knowledge
of the matter, the latest effort by CEO Murray Auchincloss to
scale back the energy company's focus on renewables.
 urn:newsml:reuters.com:*:nL6N3LT0MS
    
    ** Philippine conglomerate Ayala Corp  AC.PS  is selling
half of its stake in Mynt, the fintech unicorn which operates
e-wallet brand GCash, to Japan's Mitsubishi Corp  8058.T  for a
minimum of 18.4 billion pesos ($318.89 million), it said.
 urn:newsml:reuters.com:*:nL4N3LU02D

 (Compiled by Rajarshi Roy, Anuja Bharat Mistry and Neil J
Kanatt in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))