Deals of the day-Mergers and acquisitions
On January 8, several significant mergers and acquisitions were reported. Glencore received offers for its stake in Koniambo Nickel from two potential buyers. Banca Ifis made a surprise €298 million offer for illimity. Lufthansa is set to acquire a stake in ITA on January 13. Roche plans to complete its acquisition of Poseida Therapeutics, and Goodyear will sell its Dunlop brand to Sumitomo Rubber for $701 million as part of a business streamlining effort.
Jan 8 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1430 GMT on Wednesday:
Two potential buyers for Glencore’s (GLEN.L) stake in mothballed New Caledonian nickel producer Koniambo Nickel SAS (KNS) have submitted offers following site visits late last year, KNS said.
Italy’s Banca Ifis (IF.MI) made a 298 million euro ($309 million) surprise offer in shares and cash for rival specialty lender illimity (ILTY.MI) , to bulk up in a competitive market.
Lufthansa (LHAG.DE) is set to acquire a stake in Italian state-owned airline ITA on Jan. 13, a source familiar with the situation told Reuters, bringing to a close years of talks.
Roche (ROG.S) said it planned to complete its purchase of U.S. biopharmaceutical company Poseida Therapeutics (PSTX.O) , a specialist in complex immune cell therapies to treat several types of blood cancer.
Goodyear Tire & Rubber Co (GT.O) said on Tuesday that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries (5110.T) for $701 million in cash as part of a plan to streamline its business.
