Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Updates
June 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
** Honeywell on Thursday said it is targeting deals valued at $2 billion to $4 billion and sees scope for acquisitions in its industrial automation business. nL1N42J10N
** Italy's luxury yachtmaker Ferretti YACHT.MI is considering to buy all or part of troubled rival The Italian Sea Group TISGR.MI, Bloomberg News reported on Thursday citing people familiar with the matter. nL8N42J1MZ
** Britain's Spire Healthcare SPI.L said on Thursday that a deadline for Toscafund Asset Management to confirm its £1 billion ($1.33 billion) buyout proposal for the private hospital operator has been extended to June 25. nL6N42J0TP
** 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, Megavarshini G. Somasundaram and Kunal Das in Bengaluru)
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