Among today’s notable merger and acquisition deals, one of Boeing’s biggest clients, the Dubai carrier Emirates, has professed its support for a prospective Boeing takeover of Spirit AeroSystems.
This move, it is suggested, would help address the ongoing industrial crisis at Boeing.
In other news, prominent Italian shipbuilder Fincantieri is reportedly negotiating with Leonardo to purchase its submarine unit, Whitehead Alenia Sistemi Subacquei (Wass).
As a result of these talks, Fincantieri’s shares have soared by over 5%.
Meanwhile, Piraeus Bank has set its new offering price at 3.9 to 4.0 euros per share, according to Greece’s bank bailout fund (HFSF).
On another front, a consortium of investors in London Stock Exchange Group has liquidated approximately 1.9 billion pounds ($2.41 billion) of shares in the London bourse owner, capitalizing on growing interest in the LSEG’s transition into a financial data titan.
In another development, activist fund Oasis Management has purchased a 9.6% stake in Japan’s Ain Holdings, causing the pharmacy operator’s shares to rocket 15%.
Elsewhere, Australia’s fourth-largest bank, ANZ Group (ASX:ANZ), has announced a deal to sell around 546 million shares, or a 16.5% interest, in Malaysian lender AMMB Holdings (AmBank) for roughly 2.10 billion ringgit ($443.69 million).
The press release does not specify whether the transaction involves an individual or multiple buyers.
ANZ Group is a multinational banking and financial services company based in Melbourne, Australia.