Deals of the day-Mergers and acquisitions

Orora

13/08/2024 10:42

Aug 13 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** State Bank of India (SBI), the country's largest lender,
aims to strike a deal by end-March for the sale of its 24% stake
worth 184.2 billion rupees ($2.2 billion) currently in smaller
rival Yes Bank  YESB.NS , four sources with direct knowledge
said.  urn:newsml:reuters.com:*:nL4N3JZ09K

    ** Telecom Italia (TIM)  TLIT.MI  has struck a deal worth
250 million euros ($273 million) to sell its indirect holding in
Italian telecoms tower company INWIT  INWT.MI  to a consortium
led by French infrastructure fund Ardian.  urn:newsml:reuters.com:*:nL8N3K00JB
    
    ** Australia's Orora Ltd  ORA.AX  shares spiked more than
15% after it said it had rejected a A$3.42 billion ($2.25
billion) takeover offer from U.S. private equity firm Lone Star
Fund, claiming the offer materially undervalues the packaging
products maker.  urn:newsml:reuters.com:*:nL4N3K000I
    
    ** Engineering and professional services firm WSP Global
 WSP.TO  said on Monday it would acquire U.S.-based Power
Engineers for $1.78 billion.  urn:newsml:reuters.com:*:nL4N3JZ13X

 (Compiled by Rajarshi Roy and Pritam Biswas in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))