Deals of the day-Mergers and acquisitions

Shyft

16/12/2024 11:28

Dec 16 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1100 GMT on Monday:

    **  U.S. specialty vehicle manufacturer Shyft Group  SHYF.O 
and Switzerland-based Aebi Schmidt will merge in an all-stock
deal, the companies said.
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    ** Czech billionaire Daniel Kretinsky's EP Group said it
agreed to certain terms with the UK government for its takeover
of Royal Mail's parent, paving the way for a green light on the
tightly-scrutinised deal.
     urn:newsml:reuters.com:*:nL4N3NH0KR
    
    ** Thai tourism group Minor International  MINT.BK  has
offered to buy out minority shareholders of Spain's Minor Hotels
Europe & Americas  NHH.MC , the Spanish company said late on
Friday.
     urn:newsml:reuters.com:*:nL8N3NH072
    
    ** German insurer Allianz  ALVG.DE  has withdrawn its offer
to acquire at least 51% of Singapore's Income Insurance for
about $1.63 billion, the company said in a statement on Monday.
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    ** Singapore's Capitaland Investment  CAPN.SI  said on
Monday that it will acquire Australian investment manager
Wingate Group's property and corporate credit investment
management business for A$200 million ($127.32 million), in
addition to an earn-out.
     urn:newsml:reuters.com:*:nL4N3NH00C
    
    ** UniCredit  CRDI.MI  on Friday filed its buyout offer for
rival Banco BPM  BAMI.MI  with Italy's market regulator, and CEO
Andrea Orcel said the price was adequate.
     urn:newsml:reuters.com:*:nL6N3NG02L
    
    ** Singapore-based real estate investment management firm
Wee Hur Holdings  WHHL.SI  said that it has agreed to sell its
student accommodation portfolio to U.S.-headquartered real
estate asset manager Greystar for a gross price of A$1.6 billion
($1.02 billion).
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 (Compiled by Rajarshi Roy and Kritika Lamba in Bengaluru)
 ((Kritika.Lamba@thomsonreuters.com))