RIO rio tinto limited

News: RIO Deals of the day-Mergers and acquisitions

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    (Adds: Madison Avenue, Emaar Properties, OBI, Unity Software Inc, Nexstar Media Group)

    Aug 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Monday:

    ** Major Capricorn Energy investor Madison Avenue sees Capricorn's CNE.L value at a minimum of 300 pence per share, above its value in a planned merger with Tullow Oil TLW.L , adding its voice to criticism of the deal by some Capricorn investors.

    ** The board of Dubai's Emaar Properties EMAR.DU , which owns the Dubai Mall, will meet on Thursday to discuss the sale of its e-commerce fashion business, the company said.

    ** Businessman Josef Liokumovich bought a 60% stake in the Russian assets of German hardware store chain OBI for a nominal $10 sum after the Russian side settled debts, the entrepreneur told Forbes Russia in an interview published .

    	**	Unity Software Inc  U.N  rejected gaming software 
    company AppLovin Corp's  APP.O  $17.54 billion takeover offer 
    

    and said it would go ahead with its deal to purchase mobile app monetization software company ironSource IS.N .

    ** Nexstar Media Group NXST.O , the largest local TV station owner in the United States, said it will acquire a majority stake in The CW Network, home to popular shows such as "Riverdale", which based on the popular Archie comics, and superhero show "The Flash".

    ** Turquoise Hill Resources Ltd TRQ.TO rejected an offer by majority shareholder Rio Tinto Ltd (RIO) , RIO.L to buy the 49% stake it doesn't already own for $2.7 billion, as it did not reflect the Canadian company's full and fair value.

    ** German utility EnBW EBKG.DE has sold a 49.9% stake in a 597 megawatt (MW) solar power portfolio to local insurance firm ALH Group, reflecting rising deal activity across the renewables sector in light of higher valuations.

    ** South African thermal coal producer Seriti Resources said it had agreed to acquire a majority stake in Windlab Africa's wind and solar energy assets in a $55 million deal that marks its first step towards renewable energy.

    ** Australia's Nearmap Ltd (NEA) disclosed a $754.6 million non-binding takeover proposal from Thoma Bravo and said it had granted due diligence to the private equity firm, sending shares of the aerial imagery company higher by more than 30%.

    ** SoftBank Group Corp's 9984.T decision to sell down its Alibaba Group Holding 9988.HK , BABA.N stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech.

 
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Last
$113.62
Change
1.260(1.12%)
Mkt cap ! $42.17B
Open High Low Value Volume
$112.70 $113.70 $112.21 $140.8M 1.240M

Buyers (Bids)

No. Vol. Price($)
1 20 $113.60
 

Sellers (Offers)

Price($) Vol. No.
$113.69 700 1
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