Advertisement
Singapore markets closed
  • Straits Times Index

    3,313.48
    +8.49 (+0.26%)
     
  • Nikkei

    38,787.38
    -132.88 (-0.34%)
     
  • Hang Seng

    19,553.61
    +177.08 (+0.91%)
     
  • FTSE 100

    8,420.26
    -18.39 (-0.22%)
     
  • Bitcoin USD

    66,892.41
    +1,435.23 (+2.19%)
     
  • CMC Crypto 200

    1,362.93
    -10.91 (-0.79%)
     
  • S&P 500

    5,300.54
    +3.44 (+0.06%)
     
  • Dow

    39,971.08
    +101.70 (+0.26%)
     
  • Nasdaq

    16,679.08
    -19.24 (-0.12%)
     
  • Gold

    2,420.50
    +35.00 (+1.47%)
     
  • Crude Oil

    80.07
    +0.84 (+1.06%)
     
  • 10-Yr Bond

    4.4200
    +0.0430 (+0.98%)
     
  • FTSE Bursa Malaysia

    1,616.62
    +5.51 (+0.34%)
     
  • Jakarta Composite Index

    7,317.24
    +70.54 (+0.97%)
     
  • PSE Index

    6,618.69
    -9.51 (-0.14%)
     

Deals of the day-Mergers and acquisitions

Feb 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Monday:

** Stellantis Chairman John Elkann said the automaker had no M&A plans in response to press speculation about a possible French-led merger with rival Renault.

** Steelmaker Acerinox has agreed to buy U.S. alloys manufacturer Haynes International for $798 million, the Spanish company said.

** Chinese conglomerate Fosun International is exploring the sale of a minority stake in its luxury resort chain Club Med, targeting a valuation of $800 million for the whole business, according to two people with knowledge of the matter.

ADVERTISEMENT

** South Africa's MultiChoice Group said it will not continue talks with Vivendi's Canal Plus after the board concluded that its offer significantly undervalues the company.

** Australia's Lynas Rare Earths said confidential talks have ended with U.S.-based MP Materials for a possible merger that industry sources said would have been difficult for the sides to agree on a value.

** Keppel Infrastructure Trust (KIT) said that it will acquire an around 98.6% stake in Ventura Motors, the largest bus service business in Victoria, Australia, for an enterprise value of A$600 million ($390 million).

** Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5 billion, the two companies said in a joint statement.

** Australia's Metcash said it entered deals to acquire three separate businesses, including private-equity firm Quadrant-owned Superior Food, for a total enterprise value of A$558.5 million ($363.47 million).

** Zee Entertainment can ask an Indian tribunal to enforce a $10 billion merger with Sony's Indian unit after a Singapore arbitration centre rejected an emergency petition by the Japanese company for a stay of proceedings, Zee said on Sunday. (Compiled by Rajarshi Roy and Pratyush Thakur in Bengaluru)