Deals of the day-Mergers and acquisitions

Snow Peak

20/02/2024 11:44

Feb 20 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 1030 GMT on Tuesday:

    **  Shares of Discover Financial  DFS.N  rose 11% before the
bell, after consumer bank Capital One Financial  COF.N  said it
would buy the credit lender in an all-stock transaction valued
at $35.3 billion.
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    ** ANZ Group's  ANZ.AX  A$4.9 billion ($3.2 billion) buyout
of Suncorp's  SUN.AX  banking business was cleared by the
Australian Competition Tribunal, paving the way for the bank to
press on with the takeover of its significant rival.
     urn:newsml:reuters.com:*:nL2N3F41QU
    
    ** Japanese camping goods company Snow Peak  7816.T  said a
group led by Bain Capital will launch a tender offer for its
shares at 1,250 yen ($8.31) apiece in a management buyout that
values the company at 47 billion yen ($313 million).
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    ** India's Zee Entertainment is making a final attempt to
restart discussions with Japan's Sony Group  6758.T  to revive
their $10 billion merger deal which was scrapped on Jan. 22,
Indian business daily Economic Times reported, citing people
aware of the matter.
     urn:newsml:reuters.com:*:nL3N3F50W7
    
    ** Russian President Vladimir Putin gave approval on Monday
for HSBC  HSBA.L  to sell its Russian unit to privately-owned
Expobank, paving the way for the British lender to extricate
itself from the Russian market after months of negotiations.
     urn:newsml:reuters.com:*:nL2N3F412K
    
    ** Currys  CURY.L  shares soared on Monday after Chinese
online retailer JD.com  9618.HK  joined U.S. activist investor
Elliott Advisors in a battle to buy the British electricals
group, which has already rejected Elliott's opening bid of $880
million.
     urn:newsml:reuters.com:*:nL2N3F30GU
    
    ** Australian diversified investor Seven Group Holdings
 SVW.AX  has offered A$1.9 billion ($1.24 billion) to take full
control of building products group maker Boral  BLD.AX  in a bet
Australia's infrastructure spending boom will be maintained in
coming years.
     urn:newsml:reuters.com:*:nL2N3F30FI
    
    ** Shares in APM Human Services International  APM.AX  were
set for a record gain, after the company rejected private equity
firm CVC Asia Pacific's A$1.47 billion ($960 million) takeover
bid that did not "sufficiently reflect its fundamental value".
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 (Compiled by Rajarshi Roy and Annett Mary Manoj in Bengaluru)
 ((AnnettMary.Manoj@thomsonreuters.com))