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Deals of the day-Mergers and acquisitions

ReutersJun 4, 2025 9:48 AM

- The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday:

Investors gave a thumbs-down to Toyota Motor's <7203.T> $33 billion take-private offer for Toyota Industries <6201.T>, highlighting concerns minority shareholders would be short-changed in a landmark restructuring for Japan Inc. nL2N3S702C

An Italian court on Wednesday postponed its decision to July 9 on UniCredit's CRDI.MI appeal against government-imposed conditions on its takeover bid for rival Banco BPM BAMI.MI, a source with knowledge of the matter said. nL5N3S70CO

International Resources Holding (IRH) said it will acquire a controlling stake in major tin producer Alphamin Resources Corp for C$503 million ($367 million), a significant expansion into critical minerals for the Abu Dhabi-based mining company. nL5N3S70E1

Singapore-listed City Developments Ltd said that it will sell its entire 50.1% stake in one of its office complexes in the city-state to Malaysia's IOI Properties for S$834.2 million ($646.37 million). nL3N3S70E3

Norway's government said that it had sold its remaining shares in Norwegian Air for 892 million crowns ($87.80 million), divesting a stake stemming from the airline's pandemic-era restructuring.nL5N3S705E

Hyundai Motor <005380.KS> sold its entire stake in Ola Electric , while rival South Korean carmaker Kia <000270.KS> trimmed its holding, in a combined share sale worth 6.89 billion rupees ($80 million), according to exchange data.

nL3N3S70CJ

U.S. pipeline operator ONEOK said on Tuesday that it had bought the remaining stake in Delaware Basin JV from NGP XI Midstream Holdings in a cash-and-stock deal valued at $940 million. nL3N3S61GX

Risk Strategies has acquired Schroeder Insurance, a Missouri-based agency with a specialty focus in the commercial lines and private client sectors. nL6N3S60Q9

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