Deals of the day-Mergers and acquisitions

  • Reuters
  • Stock Market News
Deals of the day-Mergers and acquisitions

(Adds Intel, Unicaja)

Dec 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Tuesday:

** Activist hedge fund Third Point LLC is pushing Intel Corp INTC.O to explore strategic alternatives, including whether it should keep chip design and production under one roof, according to a letter it sent to the company's chairman that was reviewed by Reuters. The boards of Spanish lenders Unicaja UNI.MC and Liberbank LBK.MC approved the terms of an all-in share deal that will create Spain's fifth-biggest bank with around 110 billion euros ($134.71 billion) in assets. British insurer Admiral ADML.L said the price comparison arm of Zoopla Property Group will buy its Penguin Portals and Preminen businesses that include online portal in a deal valued at 508 million pounds ($685.50 million). E-commerce company Hut Group THG.L said it would buy Dermstore, an online retailer owned by Target Corp (NYSE: TGT ) TGT.N , for $350 million in cash as it looks to bolster the presence of its beauty brands in the U.S. market. Jordan's Capital Bank Group finalised a deal to acquire top Lebanese lender Bank Audi's AUDI.BY businesses in Iraq and Jordan in move to diversify and expand its operations, the bank's chairman said. Malaysian budget airline AirAsia Group Bhd AIRA.KL said it plans to sell 32.67% of its stake in its Indian operations to majority shareholder Tata Sons TATAS.UL for $37.7 million. Private equity firm Permira said it will acquire a majority stake in online classifieds marketplace Boats Group from Apax Partners funds.

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

Error: File type not supported

Drop an image here or


Related Articles