Deals of the day-Mergers and acquisitions

Japan Aviation Electronics Industry

27/02/2024 15:00

(Adds: Currys, Real Madrid)
       Feb 27 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Tuesday:
    
        ** Britain's Currys has rejected an improved 750 million
pound ($951 million) bid from U.S. suitor activist investor
Elliot Advisors, according to a person with knowledge of the
situation, fuelling hopes of a takeover battle for the
electricals group.
  
         urn:newsml:reuters.com:*:nL3N3FC2Y3
  
    
        ** A Spanish court has dismissed legal action by Real
Madrid and Athletic Bilbao against LaLiga over the soccer
league's 1.9 billion euro ($2.1 billion) deal to finance dozens
of clubs.
  
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    ** Britain's antitrust regulator said it had opened a probe
into Qualcomm's  QCOM.O  planned purchase of Israeli auto-chip
maker Autotalks.
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    ** A Japanese court dismissed an injunction filed by
Hong-Kong based hedge fund Oasis Management to block NEC's sale
of its stake in its listed unit Japan Aviation Electronics (JAE)
 6807.T , the IT services and software firm said.
     urn:newsml:reuters.com:*:nL3N3FC1AR
    
    ** French vouchers company Edenred  EDEN.PA  said it had
signed two agreements to buy Danish SaaS2 platform Spirii and
Brazilian employee transport benefits platform RB.
     urn:newsml:reuters.com:*:nL5N3FC14N
    
    **  Exxon Mobil Corp  XOM.N  said it may preempt Chevron
Corp's  CVX.N  acquisition of a 30% stake in a giant Guyana oil
block, the centerpiece of its deal for Hess Corp  HES.N .
     urn:newsml:reuters.com:*:nL2N3FB335
    
    ** The U.S. Federal Trade Commission and eight states said
they are suing to block supermarket chain Kroger's  KR.N  $24.6
billion deal to buy smaller rival Albertsons  ACI.N , saying it
would boost grocery prices for millions of Americans.
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    ** JetBlue Airways  JBLU.O  and Spirit Airlines  SAVE.N 
urged a U.S. appeals court to overturn a judge's ruling that
blocked their $3.8 billion merger at the U.S. Department of
Justice's request.
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    ** A group of R1 RCM's  RCM.O  investors is considering
taking the healthcare services provider private, according to a
regulatory filing, sending shares of the company up as much as
31%.
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 (Compiled by Rajarshi Roy and Puyaan Singh in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))