Deals of the day-Mergers and acquisitions

Reuters
04 Nov 2024

(Adds: BCEs Updates: Air Transport Services Group)

Nov 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Monday:

** Air Transport Services Group said it was being acquired by investment firm Stonepeak in a deal valued at $3.1 billion, including debt, sending the aircraft lessor's shares up 22.9% before the bell.

** Canadian telecom firm BCE said it would buy internet services provider Ziply Fiber for C$5 billion ($3.60 billion) in cash, as it looks to expand its fiber footprint in the United States.

** Anglo American has agreed to sell a 33.3% stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia, for A$1.6 billion ($1.1 billion).

** British insurer and asset manager M&G has bought a majority stake in European real estate investor BauMont, as it prepares to buy up more commercial property in anticipation of a market recovery.

** Blackstone is in advanced talks to acquire Retail Opportunity Investments Corp , which owns U.S. shopping centers and has a market value of $3.4 billion including debt, according to people familiar with the matter.

(Compiled by Rajarshi Roy and Christy Santhosh in Bengaluru)

((Rajarshi.Roy@thomsonreuters.com;))

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