Deals of the day-Mergers and acquisitions

Rohto Pharmaceutical

04/04/2024 10:44

April 4 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on
Thursday:

    ** Japan's Mitsui & Co  8031.T  said it had teamed up with
Rohto Pharmaceutical Co  4527.T  to buy Eu Yan Sang
International in a deal valuing the Singapore-based traditional
Chinese medicines firm at S$800 million ($594 million).
     urn:newsml:reuters.com:*:nL2N3GD0IB
    
    ** Britain's antitrust watchdog said that Spreadex's
completed acquisition of sports betting rival Sporting Index's
consumer-facing arm raised competition concerns and gave them
time for a solution before it deepened its investigation.
     urn:newsml:reuters.com:*:nL3N3GD152

    ** Former Gucci chief executive Marco Bizzarri said he would
invest in Italian fashion brand Elisabetta Franchi, taking a
stake up to 23% of the company.
     urn:newsml:reuters.com:*:nR1N3D701T
    
    ** Applus' board of directors has issued a favourable
opinion on the takeover bids launched by funds Apollo and Amber,
but prefer the latter as the offer price is higher, the Spanish
company said in a filing with stock market regulator CNMV.
     urn:newsml:reuters.com:*:nL5N3GD10K
    
    ** Russian steelmaker Severstal  CHMF.MM  has bought the
distribution business of metals trader A Grupp, Severstal said 
without disclosing the size of the deal.
     urn:newsml:reuters.com:*:nS8N3FJ087
    
    ** Members of Paramount Global's  PARA.O  board agreed on
Wednesday to enter into exclusive merger talks with Skydance
Media, favoring the independent studio over a $26 billion offer
from private equity firm Apollo Global Management  APO.N , a
person familiar with the matter said.
     urn:newsml:reuters.com:*:nL3N3GC3LR
    
    ** Britain's competition regulator said it would need to
open an in-depth investigation into the merger between
Vodafone's  VOD.L  UK operation and Hutchison's  0001.HK  Three
UK after the parties did not offer remedies to ease the
regulator's competition concerns.
     urn:newsml:reuters.com:*:nL3N3GD0R6
    
    ** Australian insurer Suncorp Group  SUN.AX  said it would
sell its New Zealand life insurance business to Resolution Life
for NZ$410 million ($246.53 million), sending its shares to a
more than 16-year high.
     urn:newsml:reuters.com:*:nL3N3GD033
    
    ** Mexican broadcaster Televisa  TLEVISACPO.MX  said on
Wednesday it reached an agreement with AT&T for its stake in
satellite TV unit Sky Mexico, giving Televisa full control of
the firm.
     urn:newsml:reuters.com:*:nL2N3GC2YV
    
    ** The ethics adviser to Norway's $1.6 trillion
sovereign-wealth fund is assessing whether to recommend the
investor to divest its multi-billion dollar stake in mining
giant Rio Tinto  RIO.AX  for environmental concerns, the Wall
Street Journal reported on Wednesday, citing people familiar
with the matter.
     urn:newsml:reuters.com:*:nL3N3GC3DD

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