Deals of the day-Mergers and acquisitions
16/09/2024 14:52
(Adds: CTBC, CACI International, JTC Updates:)
Sept 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Monday:
** Taiwan's financial regulator rejected a takeover
attempt by financial conglomerate CTBC 2891.TW of rival Shin
Kong 2888.TW saying its plans were incomplete. urn:newsml:reuters.com:*:nL4N3KY0O2
** Technology firm CACI International CACI.N said it
would buy privately held radar and communications equipment
maker Azure Summit Technology for $1.28 billion in cash to bulk
up its business catering to the defense industry. urn:newsml:reuters.com:*:nL4N3KY0MW
** Professional services provider JTC JTC.L said it
has agreed to buy Citigroup's C.N global fiduciary and trust
administration services business for $80 million. urn:newsml:reuters.com:*:nL4N3KY0JY
** Italian broker Intermonte INTM.MI said it had received
a takeover bid from Banca Generali BGN.MI for all of its
shares. urn:newsml:reuters.com:*:nL8N3KY04N
** QXO QXO.O , the company billionaire Brad Jacobs is
seeking to launch into building services, recently made an offer
of around $9.4 billion to acquire Rexel RXL.PA that the French
company on Sunday said it had rebuffed.
urn:newsml:reuters.com:*:nL8N3KX07N
** U.S. aluminium maker Alcoa AA.N said on Sunday that it
would sell a 25.1% stake in its Ma'aden joint venture to Saudi
Arabian mining company Ma'aden for $1.1 billion.
urn:newsml:reuters.com:*:nL1N3KX04D
** Temasek is nearing a deal to acquire a 20% stake in
Blackstone-owned BX.N visa application outsourcing and
technology services firm VFS Global, Bloomberg News reported on
Saturday, citing people familiar with the matter. urn:newsml:reuters.com:*:nL1N3KX00Q
** Canada's ABC Technologies Holdings proposed a revised
buyout of London-listed automotive components supplier TI Fluid
Systems TIFS.L at 176 pence ($2.31) per share on Sept. 4, the
companies said on Saturday. urn:newsml:reuters.com:*:nL1N3KW08D
(Compiled by Rajarshi Roy and Aishwarya Jain in Bengaluru)
((Rajarshi.Roy@thomsonreuters.com;))