Deals of the day-Mergers and acquisitions
20/03/2025 20:08
Adds Hyundai-GM, Sabadell, Boliden, Nippon Steel, Munich Re, Manappuram Finance, Beacon Roofing Supply, Niox Group, Kraken and Monte dei Paschi March 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** Hyundai Motor 005380.KS and General Motors GM.N are close to finalizing a deal for Hyundai to share two electric commercial van models with the U.S. auto giant, according to a source familiar with the talks and Hyundai documents reviewed by Reuters. nL4N3PX096 ** The chairman of Spain's Sabadell SABE.MC urged the government to be transparent about any conditions it may put on the hostile takeover bid the bank faces from bigger rival BBVA BBVA.MC, as shareholders weigh whether to tender their shares. nL8N3Q30EF ** Swedish mining group Boliden BOL.ST plans a directed share issue of around 3.75 billion crowns ($370 million) to finance its previously announced acquisition of two mines, it said. nL1N3Q30RU ** Japan’s Nippon Steel 5476.T has asked a U.S. judge to dismiss a consumer lawsuit seeking to block the manufacturing giant’s proposed $14.9 billion purchase of U.S. Steel X.N that is currently tied up in negotiations with the Trump administration. nL1N3Q304K ** Munich Re MUVGn.DE is buying the 71% of Next Insurance that it doesn't already own, strengthening its foothold in the United States and valuing the California-based company at $2.6 billion, a division of the German company said. nL8N3Q31P1 ** India's Manappuram Finance MNFL.NS said investment firm Bain Capital would pick up an 18% stake in the gold loan provider for 43.85 billion rupees ($508 million). nL4N3Q313E ** Beacon Roofing Supply BECN.O has agreed to an $11 billion buyout offer from billionaire Brad Jacobs' firm QXO QXO.N, weeks after it rejected a marginally lower bid from the company and raised its defenses to prevent a hostile takeover. nL4N3Q302R ** British medical device maker Niox Group NIOX.L said it had received a sweetened buyout proposal from Parisian private equity firm Keensight Capital, valuing the company at 322.4 million pounds ($417.48 million). nL4N3Q30Z3 ** Kraken said it would buy retail futures trading platform NinjaTrader for $1.5 billion, in a deal that would allow one of the world's largest cryptocurrency exchanges to expand into multiple asset classes and grow its user base. nL4N3Q30S2 ** Monte dei Paschi BMPS.MI expects to receive all the relevant approvals to launch its takeover offer for Mediobanca MDBI.MI by the end of June, Chief Executive Luigi Lovaglio said. nS8N3EV013 ** French banking group Credit Mutuel Alliance Federale is buying German lender Oldenburgische Landesbank (OLB), a surprise move after the northern German bank for years considered a listing on the stock exchange. nL8N3Q305W ** Targo Deutschland, the German subsidiary of France's Crédit Mutuel Alliance Fédérale, will buy the German lender Oldenburgische Landesbank (OLB), the two companies said. nL8N3Q305H ** Japanese technology investor SoftBank Group 9984.T is accelerating its move into chip technology companies with the $6.5 billion purchase of Ampere Computing, a U.S. chip startup founded by the former president of Intel. nL6N3Q20V4 ** Nvidia NVDA.O CEO Jensen Huang said on Wednesday that his company had not been approached about purchasing a stake in Intel INTC.O. nL4N3Q21GT ** The Doctors Company said on Wednesday it had agreed to buy ProAssurance for $25 per share in cash, valuing the New York-listed medical liability insurer at $1.3 billion. nL6N3Q20SC (Compiled by Rajarshi Roy, Ateev Bhandari and Aatreyee Dasgupta in Bengaluru) ((Ateev.Bhandari@thomsonreuters.com;))