Get 40% Off
💰 Ray Dalio just increased his holdings in Google by 162.61% - See the full portfolio with InvestingPro’s free Stock Ideas toolCopy Portfolios

Deals of the day-Mergers and acquisitions

Published 2020-09-01, 04:00 p/m
© Reuters.
SIEGn
-
ENGIE
-
VIV
-
NELES
-
SLB
-
SEVI
-
TOTS3
-
AC
-
LINX3
-
TRZ
-
BTGGg
-
STNE
-
PARAA
-

(Adds StoneCo, Updates Schlumberger (NYSE:SLB))

Sept 1 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:

** U.S. online wholesale retailer Boxed is exploring strategic options, including a sale or going public through a merger with a blank-check acquisition company that could value it at around $1 billion, according to people familiar with the matter. Bertelsmann BTGGg.F is interested in U.S. publisher Simon & Schuster and would be ready to put in a bid when its owner, ViacomCBS VIACA.O , moves ahead with a sale, CEO Thomas Rabe was quoted as saying. French utility Engie ENGIE.PA is holding out for a higher bid price to sell its stake in Suez SEVI.PA to rival utility Veolia, three sources close to the matter said, adding that the firm was envisaging other options too. Finnish engineering firm Valmet VALM.HE , the biggest owner in valves maker Neles NELES.HE , has raised its stake in the company to 24.7%, according to an update on Neles' website which showed ownership as of August 31. EU antitrust regulators have resumed their investigation into Air Canada 's AC.TO proposed acquisition of rival Canadian carrier Air Transat TRZ.TO and set a deadline of December 11 for a decision. Siemens Energy has raised its savings target in an effort to raise profit margins only weeks before it will be spun off from parent Siemens SIEGn.DE and gain its own stock market listing. Vivendi VIV.PA has won an appeal in an Amsterdam court against a plan by Italy's top commercial broadcaster Mediaset to fold its domestic and Spanish businesses into a Dutch holding company, a court document showed. Oilfield services firm Schlumberger SLB.N agreed to sell its North America shale fracking business to rival Liberty Oilfield Services LBTR.N , unloading a unit that underperformed during the shale bust. Payments processor StoneCo Ltd STNE.O raised its bid for Brazilian software company Linx SA LINX3.SA by nearly 4% to 6.284 billion reais ($1.17 billion), topping a proposal from software firm Totvs SA TOTS3.SA last month.

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.