Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions
Credit: © Reuters.

(Adds Malaysia Airlines, updates Hexcel, Mastercard)

April 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:

** Aircraft parts suppliers Hexcel Corp HXL.N and Woodward Inc WWD.O abandoned their planned $6.4 billion all-stock merger, the first major deal to fall through in an industry battered by coronavirus-led lockdowns around the world. Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters. EU antitrust regulators said Mastercard Inc (NYSE: MA )'s MA.N plan to buy part of Scandinavian payments group Nets is a significant threat to competition in Europe based on information from six countries including Britain. Kenya's leading telecom firm Safaricom SCOM.NR and South Africa's Vodacom VODJ.J said that they had completed the acquisition of popular mobile money platform M-Pesa from Britain's Vodafone VOD.L . Dubai-listed National Central Cooling Co ( Tabreed ) TABR.DU has bought an 80% stake in Emaar Properties' EMAR.DU Downtown Dubai district cooling business for 2.48 billion dirhams ($675 million), the companies said. Oil Search Ltd OSH.AX wants to raise A$1.1 billion ($666 million) through a share sale to shore up its balance sheet against weak oil prices through 2021, two people who have been approached about the capital raising said. A Malaysian company has proposed a fresh capital injection and to assume the debts of Malaysia Airlines (MAS), in a formal takeover bid of the ailing national carrier, according to a report by The Edge Malaysia.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or