Deals of the day-Mergers and acquisitions

YoungPoong

14/10/2024 10:42

Oct 14 (Reuters) - The following bids, mergers,
acquisitions and disposals were reported by 0930 GMT on Monday:

    ** Private equity firm MBK and Young Poong 000670.KS have
secured a more than 5% stake in Korea Zinc 010130.KS through a
tender offer that closed on Monday, a person familiar with the
matter said.  urn:newsml:reuters.com:*:nL1N3LQ085
    
    ** South Korean conglomerate Hanwha Group on Monday raised
its offer for the remaining stake it does not already own in
Singapore's Dyna-Mac  DMHL.SI , valuing the offshore oil and gas
contractor at S$790.6 million ($605.41 million).  urn:newsml:reuters.com:*:nL4N3LQ0GS

    ** Singapore will block a bid by German insurer Allianz
 ALVG.DE  to buy a majority stake in Singapore's Income
Insurance but remains open to a new deal if its concerns can be
addressed, Prime Minister Lawrence Wong said in a Facebook post
on Monday.  urn:newsml:reuters.com:*:nL1N3LQ06I
    
    ** British luxury brand Mulberry  MUL.L  said on Monday it
is working with advisers to evaluate Frasers'  FRAS.L  sweetened
111 million pound ($145.1 million) takeover proposal, after its
top investor Challice declined to sell shares to the sportswear
retailer.  urn:newsml:reuters.com:*:nL4N3LQ0BX
    
    ** Investment bank B. Riley  RILY.O  has agreed to sell its
appraisal and valuations unit Great American to asset-management
firm Oaktree Capital for about $400 million, WSJ reported on
Sunday, citing people familiar with the matter.  urn:newsml:reuters.com:*:nL4N3LP04G

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