Deals of the day-Mergers and acquisitions

T-Gaia

30/09/2024 11:44

Sept 30 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 1030 GMT on Monday:
    
    ** Verizon Communications  VZ.N  is in advanced talks to
sell thousands of mobile phone towers to digital infrastructure
firm Vertical Bridge, Bloomberg News reported, citing people
familiar with the matter.
    
    ** British real estate portal Rightmove  RMV.L  rejected a
sweetened $8.29 billion takeover bid from Rupert Murdoch's
Australian property listing firm REA Group  REA.AX , saying the
fourth bid still undervalued the company.
    
    ** Bain Capital launched a tender offer for Japanese cell
phone retailer T-Gaia  3738.T  at 2,670 yen per share, a 26.5%
discount to T-Gaia's Friday closing price.
    
    ** South Korea's SK Inc  034730.KS  said that it has picked
private equity group Hahn & Company as the preferred bidder to
buy its unit SK Specialty, which produces gases used to make
semiconductors.
    
    ** Republican presidential candidate Donald Trump will on
Sunday reiterate a pledge that if elected, he will block Nippon
Steel's  5401.T  planned purchase of U.S. Steel  X.N , according
to an advance excerpt of his speech to a Pennsylvania rally.

 (Compiled by Rajarshi Roy and Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com))