Deals of the day-Mergers and acquisitions

LG DISPLAY

26/09/2024 10:53

Sept 26 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 0930 GMT on
Thursday:

    ** Hong Kong's New World Development  0017.HK   said it was
in talks with its controlling shareholder, Chow Tai Fook
Enterprises, to sell its entire stake in Kai Tak Sports Park to
Chow Tai Fook Enterprises. urn:newsml:reuters.com:*:nL4N3L80T5
    
    ** South Korea's LG Display  034220.KS  said it had agreed
to sell its stake in its large liquid crystal display (LCD)
plant in Guangzhou, China, to TCL's  000100.SZ  LCD unit CSOT
for 10.8 billion yuan ($1.54 billion). urn:newsml:reuters.com:*:nL1N3L80BT

    ** Sodexo  EXHO.PA  is exploring a potential acquisition of
its U.S. rival Aramark  ARMK.N , Bloomberg News reported on
Wednesday, sending the shares of the French food catering firm
lower. urn:newsml:reuters.com:*:nL4N3L71U5
    
    ** Australian fund manager Platinum Asset Management
 PTM.AX  rejected a takeover offer from hedge fund Regal
Partners  RPL.AX , saying that the proposal undervalued the
company. urn:newsml:reuters.com:*:nL4N3L71SF
    
    ** U.S. Steel  X.N  said on Wednesday an arbitration board
had ruled in favour of Nippon Steel's  5401.T  $14.9 billion
buyout of the company, but that the United Steelworkers union
(USW)disagreed with the decision. urn:newsml:reuters.com:*:nL4N3L719N
    
    ** Macquarie  MQG.AX  said its infrastructure fund and other
pension funds will sell a co-owned 74.25% combined stake in
Queensland Airports Ltd to a consortium comprising global
investment firm KKR  KKR.N  and Skip Essential Infrastructure
Fund. urn:newsml:reuters.com:*:nL4N3L808I
    
    ** French food catering firm Sodexo  EXHO.PA  is exploring a
potential acquisition of its U.S. rival Aramark  ARMK.N ,
Bloomberg News reported on Wednesday, citing people familiar
with the matter. urn:newsml:reuters.com:*:nL4N3L71TS
    
    ** Brazilian education companies Cogna  COGN3.SA  and Yduqs
 YDUQ3.SA  have been in talks about a potential merger, Valor
Economico newspaper reported on Wednesday, citing
sources. urn:newsml:reuters.com:*:nL1N3L717L

 (Compiled by Rajarshi Roy and Pooja Menon in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))