Deals of the day-Mergers and acquisitions – 02/21/2024 at 10:35 p.m.


((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Adds CSR Ltd, Axway)

The following deals, mergers, acquisitions and divestitures were reported at 2100 GMT, Wednesday:

**Australian building materials company CSR Ltd

CSR.AX said it had received a non-binding takeover proposal of A$4.30 billion ($2.81 billion) from French building materials group Saint-Gobain SGOB.PA .

** French software maker Axway AXW.PA said it had started discussions to buy from Sopra Steria

SOPR.PA the majority of Sopra Banking Software’s activities.

** U.S. miner Piedmont Lithium PLL.O said it would sell its remaining stake in Australian miner Sayona Mining SYA.AX for about A$59.9 million ($39.28 million).

** A consortium led by state-owned pharmaceutical giant Sinopharm has relaunched a takeover bid for China Traditional Chinese Medicine Holdings 0570.HK, the Hong Kong-listed drugmaker said, valuing it at 23.16 billion HK dollars ($2.96 billion).

** South Korea’s Samsung Electronics 005930.KS sold its entire remaining stake in semiconductor manufacturing equipment maker ASML ASML.AS during the fourth quarter of last year, as reported showed a statement from the company.

** Australia’s Orica ORI.AX said it would acquire U.S. chemical company Cyanco Intermediate 4 Corp for $640 million to expand its geographic reach in the mining chemicals sector.

** British billionaire Jim Ratcliffe’s acquisition of a 25% stake in Premier League club Manchester United has been completed, ending a 15-month saga.

** Capital One Financial COF.N’s $35.3 billion deal for Discover Financial DFS.N would create new competition for payments giants Visa VN and Mastercard MA.N, which could make it easier to obtain regulatory approval, analysts said.



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