Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Deals of the day-Mergers and acquisitions

Published 06/05/2020, 04:00 AM
Updated 06/05/2020, 04:30 AM

(Adds Charles Schwab, Stobart and Puig)
June 4 (Reuters) - The following bids, mergers, acquisitions
and disposals were reported by 2000 GMT on Thursday:

** Amazon.com AMZN.O is in early-stage talks to buy a
stake worth at least $2 billion in Indian mobile operator Bharti
Airtel BRTI.NS , three sources with knowledge of the matter
told Reuters, underscoring the growing attraction of India's
digital economy for U.S. tech giants. Charles Schwab Corp SCHW.N said it has received
antitrust approval from the U.S. Department of Justice for its
purchase of TD Ameritrade Holding Corp AMTD.O . Infrastructure group Stobart STOB.L said it would exit
its rail and civil engineering business this fiscal year under a
plan to offset a hit from the coronavirus crisis as it posted a
steep annual loss due to higher costs. Spanish perfume and fashion company Puig will buy a
majority stake in British makeup brand Charlotte Tilbury Beauty
Ltd, the companies said. Intesa Sanpaolo 's ISP.MI takeover offer for UBI Banca
UBI.MI cannot be accepted with current terms, an UBI
shareholder said. Malaysia's flagship budget carrier AirAsia Group Bhd
AIRA.KL is evaluating proposals for raising capital to
strengthen its equity base and liquidity, the company said in a
statement. LVMH's LVMH.PA board met this week to discuss the
fallout from the coronavirus crisis on its $16.2 billion
purchase of U.S. jeweller Tiffany TIF.N , the luxury goods
group said, opening the door to a possible attempt to review the
deal terms. Poland's dominant gas company PGNiG PGN.WA hopes that
it can take advantage of new acquisition opportunities in Norway
that may come up due to the global crisis, the company's Chief
Executive Jerzy Kwiecinski said. French telecom giant Orange ORAN.PA said it does not
plan to make a rival bid for Spanish telecom operator MasMovil
MASM.MC after three buyout funds made a 3 billion euro ($3.4
billion) offer on Monday. A consortium that agreed to buy Thyssenkrupp's TKAG.DE
elevator division for 17.2 billion euros ($19.25 billion)
earlier this year is getting regular requests to sell parts of
the business, one of the co-investors said. Australia's Infigen Energy IFN.AX said a preliminary
analysis of a A$777 million ($536 million) takeover by
Philippine conglomerate Ayala Corp AC.PS showed the offer was
"opportunistic" but that it was still considering the bid.
Small Australian copper producer Aeris Resources AIS.AX
said it has offered to buy the Cracow gold project from
Evolution Mining Ltd EVN.AX for up to A$125 million ($86.6
million) to diversify its portfolio.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.