Deals of the day-Mergers and acquisitions

Reuters
2024-11-15
Deals of the day-Mergers and acquisitions

Adds: DFDS, Bilprovninge Updates: KKR

Nov 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Friday:

** Danish shipping and logistics firm DFDS DFDS.CO said it had agreed to buy Turkey's Ekol Logistics' international transport network, overturning a decision made two weeks ago to terminate the deal.

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** Private equity firm KKR KKR.N has raised its tender offer price for Fuji Soft 9749.T by 7% to 9,451 yen ($60.86) a share, the Japanese software developer said, narrowly surpassing a rival offer of 9,450 yen from Bain Capital.

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** The Swedish government has agreed to sell state-owned motor vehicle inspection group Bilprovningen to Germany's TUV Rheinland for 1.20 billion crowns ($109 million), Finance Minister Elisabeth Svantesson told a press conference.

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** Singapore's competition regulator cleared South Korean conglomerate Hanwha Group's S$790.6 million ($589.30 million) takeover offer for oil contractor Dyna-Mac DMHL.SI.

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** Volex Plc VLX.L said that TT Electronics TTG.L had declined to engage with it and rejected two takeover offers it had submitted to the British electronic components maker.

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** Halozyme Therapeutics HALO.O said on Thursday it has proposed to buy German drug developer Evotec EVTG.DE for about 2 billion euros ($2.10 billion), to bulk up its drug discovery and development portfolio.

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** Finnish engineering firm Cargotec Corp CGCBV.HE said on Thursday it would sell its cargo handler business MacGregor to European private equity firm Triton in a deal valued at 480 million euros ($506 million), including debt.

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(Compiled by Rajarshi Roy and Rishi Kant in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com;))

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