Deals of the day-Mergers and acquisitions

Predictive Discovery

04/02/2025 14:46

(Adds: Updates: Grab)
       Feb 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1430 GMT on Tuesday:

        ** Southeast Asian ride-hailing and food delivery
company Grab  GRAB.O  is in advanced talks to merge with its
smaller Indonesian rival GoTo  GOTO.JK  as the firms seek to
stem years of losses, two sources familiar with the matter told
Reuters.
     urn:newsml:reuters.com:*:nL6N3OV0C6
    
    ** U.S. private equity firm KKR  KKR.N  has sweetened its
offer for Japan's Fuji Soft  9749.T  by 4%, the latest salvo in
its protracted and messy bidding war with Bain Capital for the
$4 billion IT firm.
     urn:newsml:reuters.com:*:nL4N3OV09Q
    
    ** Suncorp Group has completed the previously announced sale
of its New Zealand life insurance business after receiving
regulatory approval.
     urn:newsml:reuters.com:*:nL6N3OV0DC

    ** Discovery  PDI.AX  were set for their best session in
nearly six months after the gold explorer said that China's
Zijin Mining  601899.SS  will invest A$24.1 million ($15.00
million), while Lundin family will invest A$45.1 million in it,
to acquire a 3.5% and a 6.5% stake, respectively.
     urn:newsml:reuters.com:*:nL4N3OU1TB

 (Compiled by Rajarshi Roy and Padmanabhan Ananthan in
Bengaluru)
 ((Padmanabhan.Ananthan@thomsonreuters.com))