Deals of the day-Mergers and acquisitions

Onex

09/05/2025 21:07

Adds Banco Santander

May 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

** Banco Santander SAN.MC has rejected an offer of around 11 billion pounds ($14.63 billion) from NatWest NWG.L for its UK retail bank, saying the bid undervalued the business, the Financial Times reported on Friday.

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** Delta Air Lines  and Korean Air Lines <003490.KS> will acquire an aggregate 25% stake in Canada's WestJet Airlines for $550 million from private equity firm Onex Corp , the U.S. carrier said.

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** Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) has signed a definitive agreement to take a 20% stake in Indian private lender Yes Bank , a deal that marks the largest cross-border merger and acquisition deal in India's financial sector.

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** British property company LondonMetric LMPL.L is to buy Urban Logistics SHED.L in a 698.9 million pound ($924.99 million) cash and stock deal, creating one of the country's largest property investment groups by market capitalisation. nL4N3RH0KU

** U.S. investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business at over $4 billion, two people with knowledge of the situation said. nL4N3RG0XD

** U.S. real estate firm CoStar CSGP.O will acquire Domain DHG.AX for A$3 billion ($1.92 billion) including debt, the Australian property listings platform said, in a bid to create a well-capitalised rival to News Corp's REA. nL4N3RG3B4

 (Compiled by Rajarshi Roy, Neil J Kanatt and Jaiveer Shekhawat in Bengaluru)

 ((Jaiveersingh.shekhawat@thomsonreuters.com))