Deals of the day-Mergers and acquisitions

IDP Education

22/09/2026 10:38

September 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday:
     
** Australia's IDP Education IEL.AX said it had rejected a roughly A$694.7 million ($493.79 million) takeover proposal from Blackstone, saying the approach substantially undervalued the company.
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** Australia's Global Lithium Resources GL1.AX agreed to a nearly A$333 million ($237 million) takeover by a local unit of UAE-based battery materials firm Titan Lithium Group, sending its shares soaring about 50%.
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 (Compiled by Rajarshi Roy and Miraanta Lowrance in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com))