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Deals of the day-Mergers and acquisitions

ReutersFeb 12, 2025 11:03 AM

- The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday:

Balkan telecoms and media company United Group has agreed to sell its broadband provider Serbia Broadband to e& PPF Telecoms Group and other assets to Telekom Srbija in a deal with an enterprise value of 1.5 billion euros, United said.

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Spirit Airlines SAVEQ.PK on Tuesday rejected Frontier Group's ULCC.O acquisition offer, worth about $2.16 billion, saying the bid from its fellow ultra-low-cost carrier was less beneficial to shareholders than its ongoing reorganization plan.

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The Australian government said it was open to acquiring collapsed airline Regional Express Holdings REX.AX to ensure its regional services continue, in what would be the first state ownership of a carrier in the country in three decades.

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Merck KGaA MRCG.DE, the German healthcare and technology group, said on Monday it is in advanced talks to acquire U.S. cancer and rare diseases drugmaker SpringWorks Therapeutics SWTX.O.

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French retailer Carrefour said in a statement on Tuesday it plans to acquire all outstanding shares of Carrefour Brazil from minority shareholders, boosting its stake in Carrefour Brazil from 67.4% to 100%.

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