Picture of Magellan Financial logo

MFG Magellan Financial News Story

0.000.00%
au flag iconLast trade - 00:00
FinancialsBalancedMid CapSuper Stock

Deals of the day-Mergers and acquisitions

March 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** Toyota 7203.T bumped its offer price for supplier Toyota Industries 6201.T, valuing the bid at $30 billion and ending a months-long battle with activist fund Elliott Investment Management, which had pushed for a higher price.  nL6N3ZQ0BP

** American fund AIP and Bahrain-based industrial group Alba ALBA.BH have entered exclusive talks regarding the sale of Europe's largest smelter Aluminium Dunkerque, the companies said. nL6N3ZQ0JD

** Australia's Magellan Financial Group MFG.AX said that it will acquire all the issued shares of Barrenjoey Capital Partners that it does not currently own at an implied value of A$1.62 billion ($1.14 billion).  nL1N3ZP0AK

 (Compiled by Rajarshi Roy and Koyena Das in Bengaluru)

 ((Rajarshi.Roy@thomsonreuters.com))

Recent news on Magellan Financial

See all news