(Adds: Truist Financial, Fremantle, S&P Global, Whirlpool, Updates: Capital One, Zee Entertainment)
Feb 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Tuesday:
** Truist Financial TFC.N agreed to sell the remaining stake in its insurance brokerage business to an investor group,in a deal valued at $15.5 billion, as it focuses on its core banking business, at a time when regulators are proposing new capital rules for the sector.
** Capital One Financial's COF.N $35.3 billion deal for credit card issuer Discover Financial DFS.N could take abig slice out of the payments processing market dominated by Visa V.N and Mastercard MA.N , analysts said.
** Fremantle, RTL Group's global film and television content production business, said it had agreed to buyParis-based Asacha Media Group from Oaktree Capital as part of a wider 200 million euro ($216 million) investment package.
** S&P Global SPGI.N said it had agreed to buy consensus provider Visible Alpha for an undisclosed sum, thebusiness intelligence company's latest deal to expand into a data powerhouse.
** Whirlpool WHR.N said it has executed a sale of 24% of its stake in its India unit for about $468 million.
** India's Zee Entertainment is making a final attempt to restart discussions with Japan's Sony Group 6758.T torevive their $10 billion merger deal that was scrapped on Jan. 22, Indian business daily Economic Times reported, citing people aware of the matter.
** ANZ Group's (ANZ) A$4.9 billion ($3.2 billion) buyout of Suncorp's (SUN) banking business was cleared by the Australian Competition Tribunal, paving the way for the bank to press on with the takeover of its significant rival.
** Japanese camping goods company Snow Peak 7816.T said a group led by Bain Capital will launch a tender offer for its shares at 1,250 yen ($8.31) apiece in a management buyout that values the company at 47 billion yen ($313 million).
** Russian President Vladimir Putin gave approval on Monday for HSBC HSBA.L to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself from the Russian market after months of negotiations.
** Currys CURY.L shares soared on Monday after Chinese online retailer JD.com 9618.HK joined U.S. activist investor Elliott Advisors in a battle to buy the British electricals group, which has already rejected Elliott's opening bid of $880 million.
** Australian diversified investor Seven Group Holdings (SVW) has offered A$1.9 billion ($1.24 billion) to take full control of building products group maker Boral (BLD) in a bet Australia's infrastructure spending boom will be maintained in coming years.
** Shares in APM Human Services International (APM) were set for a record gain, after the company rejected private equity firm CVC Asia Pacific's A$1.47 billion ($960 million) takeover bid that did not "sufficiently reflect its fundamental value".
- Forums
- ASX - By Stock
- BLD
- News: BLD Deals of the day-Mergers and acquisitions
News: BLD Deals of the day-Mergers and acquisitions
Add BLD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online