Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Deals of the day-Mergers and acquisitions

Published 27/08/2020, 08:00 pm
© Reuters.

(Adds Glencore , updates Walmart (NYSE:WMT))

Aug 27 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:

** Walmart Inc WMT.N said it was joining Microsoft (NASDAQ:MSFT) in a bid for social media company TikTok's U.S. assets, revealing its plans hours after the video company's chief executive said he would step down. Glencore GLEN.L will likely sell its entire 73.1% stake in Zambia's Mopani Copper Mines to the government's mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge told Reuters. Salt Mobile SA said it may launch legal proceedings against rival Swiss phone company Sunrise Communications SRCG.S over Liberty Global's LBTYA.O $7.4 billion takeover offer. U.S. residential building materials maker Builders FirstSource Inc BLDR.O agreed to buy BMC Stock Holdings Inc BMCH.O in an all-stock deal that values the smaller rival at about $2.5 billion. British group RWS Holdings RWS.L said it has agreed an all-share deal with SDL SDL.L that values the latter at 854 million pounds ($1.13 billion), to create the world's largest language services and software company. Germany's Delivery Hero DHER.DE has agreed to buy online grocery marketplace InstaShop for an initial $270 million, as it branches out of online takeaway meals into new services. Portugal's largest builder, Mota-Engil, is in the final stages of negotiations to sell a 30% stake to one of the world's largest infrastructure firms in a deal that would involve a capital hike, it said, without naming the potential partner. Alibaba (NYSE:BABA) is in talks with YTO Express Group's founders to raise its stake in the Chinese courier company with an aim to become the top shareholder, two people told Reuters, as it accelerates consolidation in the world's largest express delivery market. French supermarket retailer Carrefour CARR.PA has agreed to buy 172 stores under the Supersol banner in Spain, in a deal worth an enterprise value of 78 million euros ($92.3 million) which would strengthen Carrefour's number two position in Spain. The board of state-run oil company Petroleo Brasileiro SA (Petrobras) PETR4.SA has approved the sale of its remaining 37.5% stake in fuel distribution company BR Distribuidora, according to a securities filing.

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.