Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions Sept 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday:
** Britain's Vesuvius VSVS.L said that Austria-based RHI Magnesita N.V RHIM.VI proposed to buy the metal flow engineering firm in a cash-and-stock bid valued at 551 pence per share, after it rejected its previous offers over the past year.
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** Zheneng Jinjiang Environment's ZHEN.SI top shareholder, Zhejiang Provincial Energy Group, offered to take the Singapore-listed waste-to-energy firm private in a deal valuing it at about S$1 billion ($782 million). nL4N45L0BT
** Dutch engineering and consulting firm Arcadis ARDS.AS said it planned to divest most of its architecture business and its China operations as part of a 2027-2029 strategy. nL6N45L0B1
** Advanced Micro Devices AMD.O said on Monday it would acquire Fei-Fei Li's AI startup, World Labs, in an all-stock deal valued at $8.2 billion, a move that would give the chipmaker a foothold in research on physical AI systems that can understand and simulate the world. nL4N45K1H6
** Aviation aftermarket services provider AAR AIR.N said on Monday it would acquire a 65% controlling interest in aircraft maintenance company MRO Holdings for about $1.8 billion. nL4N45K1IN
** German chemicals manufacturer Evonik EVKn.DE has rejected a €10.3 billion ($11.7 billion) takeover bid by BASF BASFn.DE as too low, sources close to the negotiations said on Monday. nL6N45K0R8
** Guangzhou Automobile Group 601238.SS plans to acquire a 50% stake in FAW Toyota from a unit of state-owned automaker FAW Group through a share issue, GAC said in a Shanghai Stock Exchange filing on Monday. nL1N45K0G8
(Compiled by Rajarshi Roy and Tyakshi Singh in Bengaluru)