Deals of the day-Mergers and acquisitions

Toho Co (Tokyo)

16/10/2024 10:44

Oct 16 (Reuters) - The following bids, mergers,
acquisitions, and disposals were reported by 0930 GMT on
Wednesday:

    ** Spanish bank BBVA  BBVA.MC  raised the impact on its
capital ratio to 38 basis points after it adjusted the hostile
takeover offer for its smaller rival Sabadell  SABE.MC , it said
in a regulatory filing to the U.S. Securities and Exchange
Commission on Tuesday. urn:newsml:reuters.com:*:nL8N3LR25Z
    
    ** MasOrange, the Spanish unit of French telecom group
Orange  ORAN.PA , has hired BNP Paribas to sell its stake in the
fibre network it shares with Vodafone Spain, El Confidencial
website reported, citing unnamed market sources. urn:newsml:reuters.com:*:nL1N3LS07Z    
 
    ** Toho Co  9602.T , the Japanese creator of the "Godzilla"
movie franchise, will acquire the U.S. distributor of Studio
Ghibli's famed animated films, to help drive overseas expansion,
it said.  urn:newsml:reuters.com:*:nL4N3LS0C3
    
    ** Shareholders have backed plans for budget carrier AirAsia
to be bought by its long-haul associate, AirAsia X  AIRX.KL ,
paving the way for the Malaysian-based airlines to finalise
their consolidation by the end of the year.  urn:newsml:reuters.com:*:nL8N3LS01B

 (Compiled by Rajarshi Roy in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))