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Deals of the day-Mergers and acquisitions

ReutersJun 4, 2025 7:57 PM

- The following bids, mergers, acquisitions and disposals were reported by 20.00 GMT on Wednesday:

Yale University is finalizing the sale of up to $2.5 billion of its private equity and venture capital assets, Bloomberg News reported on Wednesday. nL3N3S71BX

Thyssenkrupp TKAG.DE plans to spin off 49% of its defence division TKMS to shareholders as part of a listing later in the year, a board member of the German conglomerate said on Wednesday. nL5N3S702Y

European satellite company SES SESFg.LU is set to win unconditional EU antitrust approval for its $3.1-billion bid for rival Intelsat, people familiar with the matter said, creating a major European player to rival Elon Musk's Space X-owned Starlink. nL2N3S70Q5

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

UK's Warehouse REIT has agreed to sell itself to Blackstone for 470 million pounds ($635.35 million), days after the investment firm lowered its bid for the company due to valuation-related issues uncovered during due diligence. nL3N3S70TO

British outsourcer Mitie Group is in talks to buy smaller peer Marlowe , the companies said, sending Marlowe's shares 13% higher. nL3N3S70OC

U.S.-based equipment manufacturer Chart Industries and flow control systems maker Flowserve Corp said they will merge in an all-stock deal expected to have an enterprise value of about $19 billion. nL3N3S70UK

UAE-based International Resources Holding has agreed to buy a controlling stake in major tin producer Alphamin Resources for C$503 million ($367 million), it said, as the firm expands its presence in African mining. nL2N3S708C

An Italian court 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

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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