Deals of the day-Mergers and acquisitions

Peak Rare Earths

24/07/2024 10:57

July 24 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Wednesday:

    ** Ascential Plc's  ASCL.L  shares soared over 26% to an
all-time high after events organiser Informa  INF.L  agreed to
buy the owner of the Cannes Lions Festival for 1.2 billion
pounds ($1.55 billion).
     urn:newsml:reuters.com:*:nL4N3JG0J1

    ** Australia's Peak Rare Earths  PEK.AX  said Chinese miner
Shenghe Resources  600392.SS  would acquire a 50% stake in an
U.K.-based firm that owns 84% of its Ngualla project in
Tanzania.
     urn:newsml:reuters.com:*:nL4N3JG016
    
    ** Robert Bosch has agreed to acquire Johnson Controls'
 JCI.N  and Hitachi's  6501.T  residential ventilation
businesses for $8 billion, it said on Tuesday, in what will be
the German engineering group's largest takeover to date.
     urn:newsml:reuters.com:*:nL4N3JF0OW
    
    ** Isaac Perlmutter, one of the largest investors in Walt
Disney  DIS.N , has sold his entire stake in the media company
after losing the proxy fight, the Wall Street Journal reported
on Tuesday.
     urn:newsml:reuters.com:*:nL4N3JF252
    
    ** Israeli cybersecurity startup Wiz has ended talks with
Google-parent Alphabet  GOOGL.O  on a reported $23 billion deal
that would have made it the U.S. tech giant's largest-ever
acquisition, according to a Wiz memo seen by Reuters.
     urn:newsml:reuters.com:*:nL4N3JF06Z

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