Deals of the day-Mergers and acquisitions

Samsung SDI

10/09/2024 10:44

Sept 10 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Tuesday:

    ** Australia's Mineral Resources  MIN.AX  said that it got
approval from the Foreign Investment Review Board (FIRB) for the
sale of a 49% stake in its Onslow Iron Project's haul road for
A$1.3 billion ($865.3 million).
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    ** AngloGold Ashanti  AU.N  will buy Egypt-focused smaller
rival Centamin  CEY.L  in a $2.5 billion stock and cash deal,
the companies said, as the U.S.-listed global miner expands its
operations in Africa.
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    ** Investment fund CVC  CVC.AS  is in talks to buy a
majority stake in Spanish pharmaceuticals firm Rovi's  ROVI.MC 
third-party manufacturing business, Expansion newspaper
reported, citing unidentified market sources.
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    ** South Korean battery maker Samsung SDI  006400.KS  said
it had decided to sell its polarizing film business to China's
Wuxi Hengxin Optoelectronic Materials for 1.12 trillion won
($836.47 million).
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    ** The U.S. Federal Trade Commission urged a federal judge
in New York to block Tapestry's  TPR.N  $8.5 billion merger with
rival handbag maker Capri Holdings  CPRI.N  at a trial on
Monday, arguing it will eliminate fierce head-to-head
competition in the market for "accessible luxury".
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    ** U.S. lender NBT Bancorp  NBTB.O  has agreed to buy Evans
Bancorp  EVBN.A  in a deal that values it at nearly $236
million, as it looks to expand its footprint in western New
York.
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 (Compiled by Rajarshi Roy and Priyanka.G in Bengaluru)
 ((Rajarshi.Roy@thomsonreuters.com;))